Millions of people in the South are at risk of severe weather including damaging winds, strong tornadoes, and hail, with multiple tornadoes already reported in Texas, Louisiana, and Mississippi. The threat of more destructive storms on Saturday spans from east Texas to Alabama, affecting 17 million people in cities like Baton Rouge, Houston, and Birmingham. A tornado watch is in effect for an area from east Texas to southwestern Mississippi, with over 3,360 flight delays and 162 cancellations due to the weather.
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Do you know what you pay in taxes? Here’s who pays the most and least to the IRS.
Research indicates that many Americans misunderstand the tax system, contributing to dissatisfaction with taxes, as a Cato Institute survey reveals that 55% of taxpayers feel they pay too much. Despite the progressive nature of the tax code, which sees the top 10% of earners paying 72% of federal income taxes, a significant portion of the population lacks clarity on tax brackets, with many mistakenly believing their top marginal rate applies to all their income. This...
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