The Mega Millions lotto pot for Jan. 15 is the second largest it's ever been. Taxes on the lotto go to state governments, but often the money isn't spent in quite the way it's supposed to be.
In ancient Athens, the richest people paid taxes to support what the residents considered the salvation of the city. These taxes earned them social and political clout more valuable than money.
Knowing precisely how society rewards effort is key for how voters think about taxes. Only brute luck is seen as an undeserved reason for riches.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
Some 10,000 people are likely to give up their US passport this year, way above average. Are they fleeing COVID-19? Nasty politics? Taxes? None of the above, says an expert on American citizenship.
In Lagos, many people pay property tax not because they receive public services but to feel more secure and create a record of their presence.
Our new research shows Australians recognise the fundamental importance of additional investment in the aged care sector to boost the quality of care.
As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.
This measure, included in a pandemic relief package, is supposed to encourage Americans to give more to nonprofits.
What is a state's balance of payments, and why do some pay so much more? An author of a report at the heart of debates over which states should get coronavirus relief funds breaks it down.
Canada's federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
As Congress considers further financial help for victims of the coronavirus pandemic, the magnitude of the fiscal crisis that governors and their states will have to face is just starting to emerge.
The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It's helpful to examine tax supports for individuals by considering the past, present and future.
Digital transactions generate massive amounts of revenue and the Kenyan government wants to ensure that online traders pay their fair share of taxes.
Which candies count as candy in the eyes of the tax law? The answer often depends on one ingredient.
The shock of Brexit could have repercussions for the design of the UK economy.
Inequality has reached untenable levels – public spending and wealth taxes are needed.
Pot taxes will change the ability of some to purchase recreational marijuana.
Rapidly growing metropolises like Beijing, Jakarta and Ho Chi Minh City are struggling to protect residents against tobacco. Life-saving policies in rich countries may be partially to blame.
The US-China trade war shows no signs of slowing down. Here's what readers need to know.