For many people, local income tax shows up as a small line on every paycheck—but figuring out how those dollars are calculated can be confusing. The rules can get tricky, especially if you live in one ...

A pitch to shore up Colorado’s Medicaid program and schools by ramping up taxes on the state’s wealthiest residents will likely go to voters next year under a proposal announced Wednesday morning by a ...

WASHINGTON (AP) — Golf caddies, blackjack dealers and house painters are among the jobs covered under the Trump administration’s preliminary list of occupations not required to pay income tax on their ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. Following the end of the tax year, which falls on 5 April each year, we look at the income tax rates and ...

The study, authored by University of California economists Emmanuel Saez and Gabriel Zucman, found the 2017 Tax Cuts and Jobs Act was a turning point. "The tax rate of the top 400 fell significantly ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The ...

A new study finds that four-year colleges and universities that both enroll and graduate low-income students at high rates—termed "Equity Engines" by the author—are unevenly distributed across the ...

The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes 400 list — fell from 30 percent to 24 percent after ...

Listen to more stories on the Noa app. According to the Joint Committee on Taxation, the richest of rich Americans pay an average tax rate of 34 percent, higher than any other cohort’s. In reality, as ...

The President Tinubu-led administration has introduced a new personal income tax calculator to help workers and business owners easily determine how much tax they should pay. In this explainer, we ...