Tax rates

She may not be in Davos, but the freshman Congresswoman’s influence is already being felt on the slopes of the Swiss Alps.

U.S. Congresswoman and Bronx-native Alexandria Ocasio-Cortez would find herself at home in Stockholm.

Marginal rates had been that high as recently as 1981.

Progressive House Democrat Alexandria Ocasio-Cortez called for a sharp tax hike on the highest incomes in order to fund a massive “Green New Deal.”

The long-shot change, if enacted, could cause the Republican-championed tax cut to unravel.

Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

The Internal Revenue Service issued its annual notice Wednesday describing the daily rates that taxpayers can use for lodging, meals and other expenses when traveling for business.

Rates may be making it harder for teams to attract top talent, according to an academic study.

An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.

Corporate tax rates are falling around the world. Inequality expert Gabriel Zucman questions the conventional wisdom that they will goose investment and economic growth.