Income tax — a tax on money made from jobs and other sources — is the largest revenue source for the US government. Although originally controversial, it has become a key principle of the US tax code.

New IRS data published for tax year 2004 show the code was more progressive in 2004 than it was in 2000. That trend also sheds light on the surge of revenue that cut the federal deficit so sharply in ...

People across the country already struggle to exercise economic and political control over their own lives, and there may be imminent changes in economic and tax policy that could make things worse.1 ...

Tim Graney’s letter to the editor regarding the complexity of the U.S. tax code (March 15) raises an important issue. The reason the tax code is so complex has a lot to do with its alleged ...

In "The Second Estate," Boston College law professor Ray Madoff argues that America’s tax code has birthed a modern ...

Republican Ohio Sen. Rob Portman appeared on Fox & Friends on Tuesday where he criticized President Barack Obama for claiming that successful small businesses have to thank public sector projects for ...

Secretary of Commerce Howard Lutnick recently announced on CBS News that the Trump administration wants to eliminate income taxes for those making $150,000 a year or less. Were that to happen, only ...

Forbes contributors publish independent expert analyses and insights. Dr. Goodman offers market-based solutions to public policy problems. As we draw closer to the November elections, there is an ...

If you voted for President Trump last November because you believed he’d increase economic freedom, it’s safe to say you were fooled. Following a reckless tariff barrage, the White House and its ...

The Great Recession happened at a formative age for me. As a third grader, I remember watching my friends’ parents get laid off from their jobs and face real economic hardship. At the same time, ...

Editor’s Note: Congresswoman Barbara Lee (D-Calif.) is a member of the House Appropriations Committee and ranking member of the Subcommittee on State and Foreign Operations. She serves as co-chair of ...