Tonight Senator Ted Cruz ended his presidential campaign after a long Republican presidential primary. While Cruz will remain in the Senate, working on policy at the federal level, it is unlikely that his tax plan will...
- Scott Hodge Discusses Raising Taxes on High Earners
Scott Hodge Discusses Raising Taxes on High Earners
Key Findings A proposal under consideration in Illinois would convert the state’s single-rate individual income tax into a four-bracket tax with a top rate of 9.75 percent on individuals and 11.25 percent on small businesses. The...
Key Findings This year, Tax Freedom Day falls on April 24, or 114 days into the year (excluding Leap Day). Americans will pay $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of almost $5.0 trillion,...
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