Explore what regressive taxes are, how they affect low-income earners, and examples like sales, excise, and payroll taxes that disproportionately impact lower incomes.

Proposition KK would levy a new 6.5 percent excise tax on gunsellers for all sales of ammunition, firearms and gun parts. The money would fund programs for crime victims and behavioral health support ...

Proposition KK appears likely to pass, with roughly 54 percent of Coloradans voting in favor of the measure as of 8:40 p.m. The proposition imposes a 6.5 percent excise tax on gun sellers for all ...

The conservative Freedom Foundation filed a lawsuit Wednesday in an effort to stop the capital gains tax approved by the Washington state legislature only four days ago. The legislation places a 7% ...

The Treasury Department and the Internal Revenue Service released Notice 2023-2 last week providing interim guidance for the new excise tax on repurchases of corporate stock beginning Jan. 1, 2023.

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. I just paid an exorbitant vehicle excise tax in the amount of $610. Why does ...