income tax

A 4% income tax on millionaires will make lunch free for Massachusetts K-12 students

5:01am August 18, 2023

by Ayana Archie

Massachusetts voters approved the Fair Share Amendment in November. It places a 4% tax on incomes above $1 million, in addition to the state's standard income tax of 5%.

Internal Revenue Service taxes forms are seen on Feb. 13, 2019.

These are the states with the highest and lowest tax burdens, a report says

4:52am March 30, 2023

by Ayana Archie

A new report by WalletHub measured how much people pay in property, income and sales tax in proportion to the amount of money they make.

President Biden, seen speaking at North Carolina A&T State University in Greensboro, N.C., on April 14, 2022, has reestablished a tradition that presidents make their tax filings publicly available after former President Trump failed to do so.

Politics & Government

The Bidens paid a 24.6% tax rate on $610,702 in earnings, their filings show

8:35pm April 15, 2022

by The Associated Press

Vice President Kamala Harris and her husband Doug Emhoff earned $1,655,563 in 2021 and paid $523,371 — a federal income tax rate of 31.6% — their tax filings show.

President Ronald Reagan shows his boot following the signing of his tax bill in August 1981 at his vacation home near Santa Barbara, Calif.

Politics & Government

The Democratic Push To Tax The Rich More Is 40 Years In The Making

6:41pm September 16, 2021

by Ron Elving

Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.

The advance child tax credit program is part of the Biden administration's $1.9 trillion economic aid package called the American Rescue Plan that was passed in March.

National

What The New Monthly Child Tax Credits Mean For You And Your Family

9:11pm May 17, 2021

by Vanessa Romo

"For working families with children, this tax cut sends a clear message: Help is here," said President Biden, touting the tax credit that gives American families up to an extra $1,600 per child.

Voters in San Francisco rejected Proposition C, which was backed by e-cigarette maker Juul Labs and sought to overturn a San Francisco Board of Supervisors ban of e-cigarettes sales at brick and mortar stores, and barred deliveries of online purchases to

Voters Cast Ballots On Affirmative Action, Sanctuary Cities, In Off-Year Elections

5:45pm November 06, 2019

by Brakkton Booker

In Tucson, Ariz., residents rejected a "sanctuary city" label. In San Francisco, they supported a ban on the sale of e-cigarettes, and in Jersey City, N.J., they closed the door on Airbnb.

Taxpayers faced with smaller refunds or higher taxes have been airing their grievances online.

Anger, Confusion Over Dwindling Refunds. Is Trump's Tax Plan To Blame?

5:18pm February 14, 2019

by Daniella Cheslow

Tax refunds so far have been smaller than last year's. Some taxpayers kept a bigger share of their income, but for others it reflects an overhaul that rewarded high earners the most.

Politics & Government

Judges Reject NAACP Challenge To Voter ID, Income Tax Referendums

3:03pm September 04, 2018

by Paul Garber

The state's highest court has rejected a request to block two proposed amendments to the state's constitution from the November ballots.

Seattle has adopted an income tax on high earners to address an affordability crisis stemming from the city's high tech boom, but tech workers are torn about being singled out. In this 2014 photo, tourists take photos atop the city's Space Needle.

Tech Workers Brace For Seattle's Plan to 'Tax The Rich'

1:23pm July 17, 2017

by Carolyn Adolph

Seattle is among a number of cities in which the tech boom is driving up the cost of living. Now tech workers are facing a new city income tax on the highest earners to help those who make less.

Queue Listen Now

Audience members hold signs in support of a new city income tax on high earners at a Seattle City Council meeting on Monday.

In 'Most Regressive' State, Seattle Passes Tax On Highest Incomes

3:11pm July 11, 2017

by Laurel Wamsley

The tax on individuals earning over $250,000 will generate an estimated $140 million in new annual revenue. Seattle's mayor says it will help replace funds cut by President Trump's "austere budget."