While the news constantly talks about the idea of the “flat tax” in the United States, the progressive tax system may actually be more fair to lower-income earners. But what exactly is a “progressive ...

The United States has a progressive tax system, meaning that as your income increases, the portion of income that falls ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The number of states with a flat rate income tax has grown by ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The first four weeks of 2025 have featured the introduction and ...

Illinois has a flat tax of 4.95%, which applies to all filers. Wisconsin has progressive tax, which ranges from 3.5% to 7.65% depending on marital status and income level. Many middle-class earners ...

If you’re earning $50,000 a year, where you live could mean the difference between paying less than $50 or about $4,000 in state income taxes annually. That’s a lot more in your pocket — or your state ...