The Economic Impact of State Income Tax EliminationDownload Executive Summary For years, no-income-tax states like Texas, Tennessee, and Florida have ...

Personal income in the U.S. fell by $109.6 billion (0.4%) in May, driven primarily by declines in government benefits and farm income. Consumer spending also dipped, with personal consumption ...

West Virginia Gov. Patrick Morrisey said Monday he will ask the Legislature to approve between a 5% and 10% cut in personal income tax rates. (Photo by Steven Allen Adams) CHARLESTON – With personal ...

August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

President Donald Trump has suggested the U.S. could join the list of countries whose residents pay no income tax as he touted the effectiveness of tariffs to generate funds for federal coffers. Trump ...

The tax-filing season officially kicked off on Monday. Investors should watch their mailboxes for key documents they'll need to complete their returns.

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their ...

A proposal to cut Massachusetts' personal income tax to 4% would cost the state government an estimated $5 billion a year in ...