In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...

Capital gains taxes are levied on profits from the sale of assets like stocks, mutual funds, and real estate. The rate at which these gains are taxed depends on your taxable income and how long you've ...

In addition to federal income tax, most states also collect state income tax. State income tax typically works one of three ways: a progressive tax, a flat tax or none at all. Many, or all, of the ...