Especially if they come with reductions to Medicaid, food stamps and other safety net programs, the policy will make the rich ...

Primary school teacher, Louise Eatock, has lived in her three-bedroom home in Newmarket, Suffolk, for 22 years. It is the ...

Indirect tax is largely considered to be regressive. This is because it ... perspective is that the amount of direct tax we pay is proportional because it is based on our own income or wealth ...

Faloye stated that VAT 'Is a regressive tax that disproportionately affects poorer families, who pay a larger percentage of their income.' He stated that the plan to double the VAT rate will place ...

The recent decision to increase and impose additional value-added tax (VAT), customs and supplementary duties (SD) on as many as 100 consumer goods and services—that, too, in the middle of a ...

Despite the “blue state” status, Washington’s tax code has long been one of the most inequitable in the country because it ...

The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

He explained that while GST (Goods and Services Tax) captures a wider section of the population, including the poor, it leads to a regressive tax burden. “GST, being an indirect tax, is ...

“If you’re going to do that then you also need accompanying assistance for lower-income individuals who are bearing the regressive nature of the tax.” Those regressive effects are a reason ...