This act created the modern progressive tax system with allowances for deductions. The U.S. Internal Revenue Service (IRS) was founded, originally called The Office of the Commissioner of Internal ...

Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.

Critics of the Fair Tax Act and similar proposals warn that a consumption-based tax system could disproportionately burden lower-income households and potentially widen wealth inequality.

The bill to exempt tips from federal income tax, an idea that President Donald Trump campaigned on, will now go to the House ...

In an unexpected move, the Republican-led Senate unanimously passed the No Tax on Tips Act, legislation that was brought to a ...

Ohio House legislators have introduced a tax reform package they say would save property owners $3.5 billion and will force ...

The Senate unanimously passed the "No Tax on Tips Act," which would exempt up to $25,000 in tips from federal income tax for lower-earning service workers. The bill, backed by Sen. Ted Cruz and ...

Another bill announced Wednesday by Ohio lawmakers is putting together several other bills into one legislative measure to ...

According to the nonpartisan Tax Foundation, the Tax Cuts and Jobs Act “reform[ed] the individual income tax ... and “mov[ed] the United States from a worldwide to a territorial system of taxation.” ...