Discover how income tax works, the different types, and how they’re calculated for individuals and businesses. Learn about federal, state, and local taxes.

Rising federal government debt and deficits mean that policymakers may increasingly turn to the tax code for additional revenue. Tax Foundation’s new resource, Options for Reforming America’s Tax Code ...

Property taxes are the largest source of revenue for over half of the 50 largest cities, but to a lesser degree than for other local governments.

Retail sales taxes are an essential part of most states’ revenue toolkits, responsible for 32 percent of state taxA tax is a mandatory payment or charge collected by local, state, and national ...