GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...

Sometimes, luxury taxes just don't work. A "window tax" was imposed on English homeowners beginning in 1696. The theory was that people with bigger houses had more windows, and therefore should ...

Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill.

Specific Taxes. These are fixed amounts per unit sold. For example, gas is taxed at 18.3 cents per gallon, regardless of the price per gallon. Excise Taxes on Retirement Accounts ...

For instance, if your taxable income (gross income minus any deductions) is $50,000 a year as a single filer, that puts you in the 22% federal tax bracket in 2024. But while 22% of $50,000 is ...

Capital gains tax is the tax Americans must pay on any profits generated from the sale of assets, including stocks, real estate and businesses. The Internal Revenue Service generally considers ...