As he calls on Chicago’s “billionaires and ultra rich” to “put more skin in the game,” Mayor Brandon Johnson said a ...

Facing a $1 billion deficit, Mayor Brandon Johnson has said he would consider a ‘head tax’ or a payroll expense tax, both of ...

The Chicago Tribune criticized Mayor Johnson for announcing controversial tax policies before his working group meets, ...

For instance, a state could put a 10% excise tax on tanning salons or charge a flat $5 excise tax on every tanning service. Authorized sports betting has an excise tax of 0.25% of the amount ...

The IRS on Friday issued final regulations (T.D. 10002) on the Sec. 4501 1% excise tax on corporate stock repurchases enacted by the Inflation Reduction Act of 2022, P.L. 117-169. The final ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.