Several already impose “millionaire taxes,” designed to raise additional revenue from the highest-income residents.

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

The tax season is just around the corner. It's never too early to get started. January is a big month for the letter R, with resolutions, resets and tax returns demanding our attention. While it's ...

Editor’s note: This story was updated on May 17, 2024, to correct problems with the source data, which impacted the tax burden rating of several states. (NEXSTAR) – Tax season isn’t really fun for ...