Scotland’s increasingly progressive tax system may force richer residents to move across the border into England, where taxes for higher earners are lower, a think tank has warned. Under the Scottish government’s draft budget for 2023–24, initially announced in December, taxes on the highest earners in Scotland will increase in response to rising inflation. Changes…

Income tax in America changed in the early 1900s, and the tax systems in the United States are no longer as they were in the times of the Founding Fathers, or their original ideas on how the federal government should be financed. To learn more about the U.S. tax system, and the other potential options…

The U.S. income tax system is “very progressive,” and it’s increasingly taking on the role of providing social benefits to households, according to the Tax Foundation. Lower household income and tax relief measures introduced during the pandemic allowed more Americans to pay no taxes in 2020. And President Joe Biden’s Build Back Better plan aims…

The U.S. income tax system is “very progressive,” and it’s increasingly taking on the role of providing social benefits to households, according to the Tax Foundation. Lower household income and tax relief measures introduced during the pandemic allowed more Americans to pay no taxes in 2020. And President Joe Biden’s Build Back Better plan aims…