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 ...

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

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 ...

From today’s WSJ editorial, “The latest IRS data also show that the wealthiest Americans continue to carry a record share of the income tax load. As the chart above shows, the richest 1% paid 35.6% of ...

The U.S. Capitol building is seen on a sunny day in Washington, D.C., June 2022. (Getty/Chip Somodevilla) Although these three changes are steps in the right direction, more progressive tax reform is ...

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 ...

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 ...