If poor people knew how rich rich people are,” Chris Rock once quipped, “there would be riots in the streets.” So, I wonder, what would average taxpayers ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...

Now suppose that only half the nominal tax our top billionaires pay on their investment gains represents the economic equivalent of interest. That would reduce the tax rate on their Haig-Simons income ...

A pandemic surge in unemployment claims prompted the Employment Development Department to buy the devices, but auditors say ...

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the ...

Puerto Rico tax incentives that have lured thousands of rich Americans to the U.S. territory for over a decade are under ...

The data is clear: bluer states tend to have much higher electricity prices than red states. More than almost any other ...

If it weren’t for the tariffs, the economy would be much stronger,” says James Doti, president emeritus at the university in ...

As federal hemp ban looms, California's $5 billion legal marijuana industry faces reckoning with THCA market that bypassed state regulations entirely.

The loss of critical oil refining and transportation infrastructure in recent years threatens to throw the state into a ...