In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate ...

When you get a bonus — or other supplemental wages, such as severance pay, commissions, etc. — your employer must withhold ...

BYM is designed for high-income, tax-sensitive investors seeking steady, tax-free income, not capital gains or speculative ...

The bill took weeks of negotiation to craft, and given the politics at play, it also included some notable omissions.

The ITAT Ahmedabad, in the case of Shakuntala Balvantray Trust Vs ITO, addressed the tax rate applicable to a private discretionary trust established by a will. The assessee, a trust created by late ...

The bill reduces the state’s top marginal personal income tax rate from 4.75% to 4.5%, eliminates three tax brackets and ...

Raising the top income-tax rate faces resistance from many congressional Republicans.

In the rapidly evolving health care industry, organizational structures often include management services organizations (MSOs) to set apart clinical and nonclinical activities. The purpose of an MSO ...

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?

The House plan would disproportionately benefit top earners and sacrifice significant federal revenue — without increasing ...

While the government plans to offer a minor concession to marginal taxpayers by raising the tax-free income threshold by Tk25,000 to Tk3.75 lakh, nearly all other taxpayers are set to face increased ...

The current marginal income tax rate on those workers is 37%. Before the Trump tax cuts of 2017, the top rate was 39.6%. Trump's idea is to push the marginal rate back to 39.6% for very top earners.