A regressive tax is one that is assessed at the same rate to everyone, regardless of their income. They are also sometimes called flat taxes. Here's more: ...
The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off.
More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...
On November 24, 2025, the US Department of the Treasury and the IRS issued final regulations on Section 4501, 1 which imposes a 1% excise tax on certain repurchases of stock of publicly traded ...
A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...