Only four states have ever switched from a graduated-rate income tax to a flat tax in more than a century of state income taxes. Another four states may pass legislation… Read More »States Inaugurate a Flat Tax Revolution
Claiming Elderly Parents as a Dependent If no one else claims your elderly parent as a dependent on your tax return, the Internal Revenue Service (IRS) authorises you to do… Read More »Can You Claim Your Elderly Parents on Your Taxes?
What would you do if you had over $3,000 in your bank account? Isn’t that a lot? If your tax refund is anything like the typical direct deposit tax refund… Read More »How to Use Your Tax Refund to Boost Your Retirement Savings
Introduction Massachusetts voters will determine in November whether the state constitution should be changed to change the state’s flat rate individual income tax system to a graduated rate system by… Read More »The Impact of Individual Income Tax Changes on Economic Growth
Governments around the world have pushed to make significant changes to how corporate profits are taxed in a global economy, and the taxation of huge corporations has been in the… Read More »4 Things to Know About the Global Tax Debate