Income taxes—including taxes that are automatically withheld from paychecks—accounted for 47 percent of all federal revenue in 2013. Payroll taxes, which are paid by employees and employers ...

These are some of the key tax changes in President Donald Trump’s “big beautiful bill” and how it compares to current law.

Donald Trump signed his 'big beautiful' tax and spending bill into law July 4. Here are the five biggest winners and losers: ...

That’s what we see from looking at the effective federal tax rate for Americans in each income quintile (the lowest earner to the 20th percentile, etc.) and at the very top of the income scale.

Nearly half of your federal income taxes is devoted to military and health spending, close to 14% goes to interest on the debt, while less than 2% is spent on science and transportation.

Rob Bluey is president and executive editor of The Daily Signal. Send an email to Rob. President Obama and Republicans in Congress continue to wage war over an extension of the payroll tax cut ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

The New York Times reported this week that President Donald Trump paid $750 in federal income taxes in both 2016 and 2017. This is much lower than the amount former President Barack Obama paid in ...

Federal budget 2015 Revenue vs. expenses View an interactive chart showing the federal government's revenues vs. expenses. CBC News · Posted: Apr 21, 2015 4:46 PM EDT | Last Updated: April 21, 2015 ...

The rest of your income is taxed at the federal income rates below 24%, i.e., 10% and 12%. Here’s how the marginal tax rate works with this example: The first $11,600 of your income is taxed at ...

Understand federal income tax, its progressive structure, and how it's calculated. Learn about tax brackets and credits to minimize your tax burden.