While the Big Beautiful budget bill recently enacted into law has a multiplicity of good, bad, and benign features, the law’s biggest and most beautiful feature is the continuation of the ...

Range reports that Trump's "Big Beautiful Bill" offers significant tax changes for high earners, including increased estate ...

Even though voters rejected this proposal just a few years ago, the graduated income tax refuses to die in Springfield. It’s the same playbook as before. Step 1: Change the state constitution.

On the first day of 2025, Louisiana moves from a graduated income tax with a bottom rate of 1.85% and a top rate of 4.25%, to a 3% flat income tax in accordance with legislation enacted by ...

Louisiana is also moving to a flat rate from a graduated income tax system, with a flat rate of 3% this year, down from a top rate of 4.25% in 2024. Those in the state's largest income bracket ...

This makes 23 states that have rejected the socialist-style graduated income tax that has been in place with the federal government since the Revenue Act of 1913. The TCJA tax cut provisions are ...

Despite giving $58 million of his personal income to a campaign in favor of a graduated income tax Gov. JB Pritzker was unable to get an amendment passed to repeal the state's constitutional ...

On Nov. 3, the voters of Illinois have the opportunity to join 32 other states and the federal government in allowing graduated tax rates on income by approving the “Illinois ...

Currently, Louisiana uses graduated income tax brackets that max out at 4.25% for individuals and 7.5% for corporations. House Bill 1 would also establish a much higher $12,500 standard deduction ...

Nebraska's income tax rate was cut to 5.2%, down from 5.84% last year. New Mexico will retain its graduated income tax rate, with two of its six income brackets seeing a decrease in 2025.