The problem is not that the government collects too little. The problem is that the government spends too much.

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump speaks to reporters before boarding Air Force One. - Mandel Ngan/AFP/Getty Images President Donald Trump on ...

California’s proposed wealth tax aims to go after billionaires’ balance sheets, but it largely sidesteps the way many ultrawealthy people actually generate spendable cash: they borrow against their ...

Supporters are branding the effort as a “millionaires tax.” Illinois voters have heard that promise before. In 2020 they ...

President Donald Trump has repeatedly suggested that tariffs could replace the income tax system in the United States. He believes there is a "real possibility" that revenue from tariffs could suffice ...

Taxing the wealthy may be a popular solution, but it isn't a fix-all for America's leading retirement program.

Unfortunately, the Internal Revenue Service has reduced its work force this year, so it will be more difficult to obtain help from the federal agency. Because of the staff reductions, the number of ...

President Donald Trump on Sunday night reiterated an extraordinary ambition he and members of his administration have voiced from time to time throughout his young second term: One day, Americans ...