August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

Personal income in the U.S. fell by $109.6 billion (0.4%) in May, driven primarily by declines in government benefits and farm income. Consumer spending also dipped, with personal consumption ...

June's personal income and spending growth were soft, with both rising just 0.3% MoM, falling short of expectations. Headline and core PCE inflation accelerated to 0.3% MoM, with goods prices rising, ...

West Virginia Gov. Patrick Morrisey said Monday he will ask the Legislature to approve between a 5% and 10% cut in personal income tax rates. (Photo by Steven Allen Adams) CHARLESTON – With personal ...

President Donald Trump has suggested the U.S. could join the list of countries whose residents pay no income tax as he touted the effectiveness of tariffs to generate funds for federal coffers. Trump ...

Around half of U.S. states have cut individual income tax rates since 2021, according to the Tax Foundation, as states seek ...

The Georgia state Senate has passed a series of bills that would reduce the state's personal income tax rate, aiming to deliver savings to taxpayers beginning next year. Senate Bill 476 would exempt ...