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In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...

A new bill proposed in the Georgia legislature aims to eliminate the state’s 5.49 percent income tax for college athletes on ...

When Trump slashed corporate taxes from 35% to 21% in 2017, corporate spending rose but not enough to make up for government ...

In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases ...

The new tax rates announced by finance minister Nirmala Sitharaman in the Union Budget 2025 are expected to bring much relief to the salaried taxpayers. With taxpayers earning up to ₹12 lakh exempted ...

By David Leonhardt Graphics by Ashley Wu Total G.D.P. Among high-income countries and China China $30 trillion $25 But by ...

Marie Sapirie examines one of President Trump’s recent executive orders, a White House memorandum, and some scripted remarks ...

For senior citizens who invest in fixed deposits, interest income earned by them beyond Rs 50,000 attracts TDS at 10% rate, ...

Section 80CCA, inter-alia, provides for a deduction to an individual, or a Hindu undivided family, for any amount deposited in the National Savings Scheme (NSS). It is also provided that no deduction ...

Section 17 of the Income-tax Act defines perquisites, including benefits provided by employers to employees. Currently, employee benefits such as free or concessional amenities are exempt from ...