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, ...

Add Yahoo as a preferred source to see more of our stories on Google. Senate Majority Leader Jamie Pedersen, D-Seattle, makes remarks on Feb. 16, 2026, during the floor debate over legislation he ...

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 ...

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 ...

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their ...

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 ...