In the state battles to adopt the lowest and most attractive tax policies, South Carolina Republicans are making an ...

The Governor and GOP leaders announced a bill Tuesday to cut income taxes to 3.99%, with a plan to gradually decrease it over ...

in Another Direction Any flat tax is a great improvement over our current system, so conservatives shouldn't quibble over details. Here’s a no-good-deed-goes unpunished story. Rand Paul has ...

While the news constantly talks about the idea of the “flat tax” in the United States, the progressive tax system may ...

A progressive tax system is one in which lower-income earners pay a smaller proportion of their total income as tax, and higher-income earners pay higher proportions of their total income as tax.

Flat tax supporters claim taxing all income at the same rate is fairer, simplifies the system, and encourages economic growth. Critics of progressive taxes contend they may hinder economic growth ...

Inflation. Tariffs. Turmoil. Opinion editor Matthew T. Hall weighs in on the massive tax overhaul under consideration at the ...

South Carolinians would keep more money in their paychecks, but get a smaller refund when they file their taxes in 2027.

some countries have a flat tax system where all income is taxed at the same rate, regardless of a person's earnings. Proponents of flat taxes argue they simplify tax administration and may ...

How progressive taxes work Think of a progressive tax system as a set of stairs. A portion of your income is left at each step and taxed at the flat rate tied to that tax bracket. If your income ...

At the heart of this Louisiana tax reform is a flat 3% income tax rate, which replaces a tiered system with often complicated calculations. This change could be welcome news for many residents.