Why does our tax system have brackets?

Oct 14, 2021
Each bracket covers a range of incomes, but the rates increase for those who make more.
The U.S. tax system has seven brackets, but some think it should be overhauled to include more.
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The turf war over taxes

Feb 20, 2018
New polling shows that public sentiment is growing more favorable toward the recent tax law. Maybe chalk that up to the little extra money many people are seeing in their paychecks as a result of new tax brackets. But in Washington, D.C., there’s still a fight going on about the new tax code — specifically, […]

Born in the year of tax reform

Dec 22, 2017
Two 31-year-olds discuss the changes to a tax code that hasn't seen major reform since they were born.
Traffic streaks past the U.S. Capitol on December 20, 2017 in Washington, DC. 
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How many tax brackets do we need?

Dec 4, 2017
The GOP has promised its tax plan would ultimately create a simpler tax system for individuals. Key to that is a reduction in the number of tax brackets from the current seven. The House bill does that, taking them to four and lowering the rates. The Senate, though, sticks with seven, albeit at slightly lower […]