Even as the IRS makes headlines for cracking down on the wealthy, state tax collectors have become even more aggressive with audits of high earners, according to tax attorneys and accountants.

With Tax Day approaching, here’s a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study.

The G20 group of the world’s most powerful countries is exploring plans for a global minimum tax on the world’s 3,000 billionaires, aiming to end a “race to the bottom” that has enabled the super-rich to pay less than the rest of the population.

The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service.

In a world of populist policies, the notion of taxing billionaires to alleviate the financial burdens of the middle class stands as a tempting narrative. Advocates tout it as the quintessential solution to income inequality, promising a redistribution of wealth that lifts the masses from their fiscal woes. However, this narrative, so alluring in its simplicity, crumbles upon closer examination, revealing a multitude of complexities and pitfalls that belie its benefits.

For the third year in a row, California saw its population drop, raising new concerns about how the much-discussed exodus could hurt the state's political influence.

I've never moved for tax reasons, but I have refused to consider some destinations (and turned down jobs) because I didn't want to pay ruinous local rates or live under the intrusive laws that seem to go hand-in-hand with grabby tax regimes. Unsurprisingly, I'm not the only one who takes the sticky fingers of government into consideration when deciding where to live and work; crunching data from government and private sources, the Tax Foundation says that taxes play a significant role in where people choose to live.

Microsoft Corp. MSFT, 0.01% on Wednesday said it has received a notice from the Internal Revenue Service that it owes $28.9 billion in back taxes, plus interest and fines, for the tax years 2004 to 2013.

President Biden is reportedly planning to unveil a series of major tax hikes on billionaires, investors, and those making above $400,000 as part of his administration's aim to reduce the deficit.

The measure, one of the new majority’s first legislative moves, would cut billions in funding that Democrats passed to help crack down on tax cheats. It does not have enough votes to pass the Senate.

Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.

It’s not unusual for anyone with an old desk or bicycle that’s in decent condition but no longer needed to sell it online and make some extra cash.

The nation is in mourning after Her Majesty the Queen sadly passed away, and King Charles III has inherited her role as head of state - and a lot more than that has been left to him, too. It has been reported that the Queen had a net worth of more than £365m, which if it was left to you or me, would result in an inheritance tax bill of a whopping £146m.

As Democrats pat themselves on the back after the Senate finally passed their massive tax, climate, and healthcare bill - the "Inflation Reduction Act" which Senate Majority Leader Chuck Schumer called "one of the most significant pieces of legislation passed in a decade," Bloomberg has compiled a list of winners and losers.