Tax System

House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.

Washington Governor Jay Inslee (D) proposed a wealth tax designed to increase the state's revenue.

The City of Los Angeles’s "mansion tax" has led to a dramatic 70% drop in sales of properties over $5.15 million, significantly impacting property...

Texas State Representative James Talarico (D) said that Christians are more likely to worship Donald Trump than Jesus during an appearance on MSNBC.

According to a report in The Center Square, the federal government has borrowed about $5 billion a day throughout fiscal year 2024.

On APRIL 15, 1865, President Lincoln died. He was shot the night before in Ford's Theater. On APRIL 15, 1912, the Titanic sank. It struck an iceberg the night...

The IRS has investigated more than 1,600 cases of COVID fraud and indicted 795 people for such crimes as of February 29.

The 16th Amendment to the United States Constitution is a significant piece of legislation that has had a lasting impact on the nation's financial system.

Data from the Treasury Department revealed that the government's gross national debt has hit $34 trillion.

“The fact that the Governor continues to overspend creating structural deficits in future years is fiscally irresponsible," Republican Assemblymember Vince Fong said.