Income tax — a tax on money made from jobs and other sources — is the largest revenue source for the US government. Although originally controversial, it has become a key principle of the US tax code.

Legal scholar Ray Madoff discusses her new book, "The Second Estate: How the Tax Code Made an American Aristocracy." ...

Every April, people across the country, from every background and every political affiliation, come together to complain about the same thing – their taxes. Tax Day marks the conclusion of a marathon ...

The sunset of the TCJA – the Tax Cuts and Jobs Act of 2017, is currently scheduled for the end of 2025. The TCJA contributed substantial changes to the US tax code that have benefited many US ...

Today's United States Tax Code contains 1,395,000 words -- enough to fill 9,500 pages of very small print. There are another 8 million words of regulations -- filling 20,000 pages -- to help taxpayers ...

The Supreme Court heard oral arguments this week in a case that on its face calls into question a tax on foreign income, but that also holds sweeping ramifications for the entirety of the U.S. tax ...

A substantial portion of the US tax code requires income to be realized in order to be taxable. Generally speaking, the taxpayer with realized income has converted (sold) an asset and (in theory) has ...

Billions of dollars flow into funds designed to reduce capital gains tax or minimise tax on interest or dividend income ...

(Bloomberg) -- Despite President Donald Trump’s monthslong advocacy for eliminating the carried interest tax break, one of the most controversial loopholes in the US tax code remains unchanged in the ...

Super Bowl champion Rob Gronkowski agreed with SpaceX and Tesla CEO Elon Musk on the need for a simpler tax for tax-paying Americans in a social media post on Monday. Musk initially responded to a ...

In a bold stance against what he perceives as unfair taxation practices by other countries, US President Donald Trump has ...