A more than 2 percent shortfall in all non-debt receipts taken together should be a big cause of worry, writes .

New data from the IRS show that America’s income tax system remained highly progressive in 2020, with the top one percent of wage earners paying more than 42 percent of all federal income taxes for ...

More Indian women are filing income tax returns than ever before. The latest data shows a big rise in women taxpayers from ...

In its budget, the Pakistani government has introduced significant adjustments to its tax policy for salaried individuals, providing substantial tax reductions of up to 80% for those in lower income ...

India Budget 2025: Despite about 72 percent of individual taxpayers choosing the new income tax system, 63 percent of taxpayers are in favor of increasing the incentives under the old tax system.

Utah Gov. Spencer Cox approved the largest tax cut in state history of $400 million earlier this year, cutting the state's income tax rate from 4.85% to 4.65%. × Related stories ...

Whether the federal income taxes paid are fair or not, the survey also asked about the amount of tax being paid. In this regard, 59% of respondents say they pay too much, 39% say it’s about ...

In India, cryptocurrencies aren't formally identified as legal tender under the Income Tax Act’s Section 2(47A), which classifies them as Virtual Digital Assets (VDAs).

Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here's how income tax works.

In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.