WASHINGTON ― President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes in 2023 after reporting ...

President Trump has suggested stripping Harvard of its tax-exempt status, a step that experts say would be unusual and face ...

While instituting the largest tariff increase in modern history, Trump claimed that the income tax was passed for “reasons ...

The 16th Amendment to the U.S. Constitution grants Congress the power to levy income taxes. It was ratified by states in 1913 ...

US President Trump, in a Fox News interview, has said that the money from tariffs might be enough to do away with the need ...

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year. The Treasury Department ...

Households with an average disposable income ... the president’s tariff agenda as a growth engine propelling an American resurgence. "These tariffs are going to give us growth like you haven ...

Donald Trump proposed tariffs as a potential replacement for the federal income tax, citing historical precedents from the ...

President Donald Trump has continually suggested that he may abolish the federal income tax, replacing its revenues with those generated by the institution of high tariffs upon America’s trade ...

When asked about the revenue generated by tariffs, President Donald trump explained, "Billions and billions of dollars and, ...