income tax

The millionaires and billionaires who might be spared a federal income tax increase, since the gain for the federal budget would be more than $626 billion over a decade.

President Trump's message that tariff revenue could be sufficient to "completely eliminate" income taxes for "many people" would rather suggest that it will stay.

The discount refers to the 1040 individual income tax form that most people file.

Universities, as well as many charities and religious groups, are exempted from paying federal income taxes.

Palmer noted that the state also is particularly vulnerable to stock market declines because the top 1% of income tax filers typically generated around 40% of all personal income tax paid in California.