Taxes

New Hampshire brings income tax dispute to Supreme Court

New Hampshire asked the U.S. Supreme Court on Monday to strike down a regulation that requires roughly 80,000 of its residents who are employed by Massachusetts companies to pay income taxes in the neighboring state while they work from home during the coronavirus pandemic.

How Biden's corporate tax rate increase would affect Americans

Democratic presidential candidate Joe Biden has promised not to raise taxes on anyone making less than $400,000 a year, and while his proposed income tax changes wouldn't touch anyone under that threshold, his proposal to raise the corporate tax rate from 21% to 28% would result in modest tax increases for all Americans, according to a new analysis by the American Enterprise Institute. 

Trump would cut taxes by about $1.7T, Biden would hike by $4.3T: Budget watchdog

A report released on Wednesday by the Committee for a Responsible Federal Budget (CRFB) estimates that Democratic presidential nominee Joe Biden's proposed policies would increase taxes by about $4.3 trillion over 10 years while President Trump's would decrease tax revenue for the government by about $1.7 trillion, even as Biden's overall fiscal agenda would likely increase the federal deficit slightly more than Trump's.