Latest in Income Tax
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Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
Vice President Kamala Harris has attacked the tariff policy proposed by Donald Trump, calling it effectively a "sales tax" on Americans.Business - CNBC - October 26 -
Vance says eliminating federal income taxes is not ‘realistic’ as Trump floats it
Donald Trump has floated the idea of eliminating the federal income tax. In an interview with Meet the Press, his running mate, JD Vance, says the idea is not “realistic,” calling it an ...Politics - NBC News - October 27 -
Trump proposes eliminating the income tax. Here's what experts think.
Experts cast doubt on whether the lost revenue could be replaced with tariffs.Top stories - ABC News - October 28 -
Japan’s new kingmaker pushes for income tax threshold rise
Yuichiro Tamaki’s once-fringe DPP has leverage over Prime Minister Shigeru Ishiba’s weakened ruling partyWorld - Financial Times - November 8 -
Battleground state election lawsuits and IRS raises income tax brackets: Morning Rundown
Kamala Harris interview, Donald Trump, John Kelly, JD Vance, IRS income tax brackets for 2025, bird flu cases in Washington, McDonald's quarter pounder, Liam Payne, Maya HenryTop stories - NBC News - October 23 -
It’s hard to fill a budget black hole if you’ve ruled out raising income tax | William Keegan
Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’. It saddens those of us who waited so long ...World - The Guardian - October 27 -
Whether it is President Harris or President Trump, a battle over taxes and tips is headed to Capitol Hill
Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, economists say the idea is flawed.Business - CNBC - November 4 -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - 5 days ago -
People's incomes are catching up with their debt
Credit card debt levels keep smashing records, but average balances are lower relative to borrowers' earnings than pre-pandemic and delinquencies are slowing.Top stories - NBC News - 5 days ago -
From Overworked Operator to Passive Income Owner
How entrepreneurs can rethink their business strategy to one relying on self-management.Business - Inc. - October 25 -
IRS unveils Roth IRA income limits for 2025
The IRS unveiled the Roth individual retirement account income limits for 2025.Business - CNBC - November 1 -
Trump announces Tom Homan as incoming border czar
President-elect Donald Trump announced late that Tom Homan, the former acting director of U.S. Immigration and Customs Enforcement, will be his administration's "border czar."Politics - NBC News - November 11 -
Lawmaker offers tips on perks for incoming members of Congress
Rep. Susie Lee (D-Nev.) offered to incoming members of Congress a one-sheet of tips and perks as they prepare to join the legislative branch. “Congratulations!” Lee wrote in the guide to freshmen. ...Politics - The Hill - Yesterday -
Here's how to leverage higher income limits for the 0% capital gains bracket
Bigger earnings limits are coming for the 0% capital gains brackets in 2025. That could offer tax planning opportunities, financial experts say.Business - CNBC - October 25 -
Most in Oregon opposed to measure creating universal basic income: Poll
A poll conducted by the Public Policy Polling firm shows that 54% of Oregon voters oppose a state effort to provide every Oregonian with $1,600 a year in basic income, citing potential negative ...Politics - The Hill - October 28 -
Revealed: the growing income gap between Europe’s biggest and smallest farms
Big farms rake in record profits when food prices soar, while small farms struggle on razor-thin margins. ‘Welfare for the rich’: how farm subsidies wrecked Europe’s landscapes . The income gap ...World - The Guardian - November 2 -
Five economic areas the incoming US president needs to tackle
New administration must find a way to maintain growth while repositioning the economyWorld - Financial Times - November 5 -
USDA ban on school lunch fees for low-income families begins in 2027
Struggling families pay as much as 60 cents per dollar in fees when paying for school lunches electronically, according to CFPB report.Top stories - CBS News - November 6 -
Incoming Trump presidency threatens millions of Americans’ healthcare plans
Congress likely not to renew extended ACA coverage next year and Trump’s ‘concepts of a plan’ for US healthcare are unknown. US elections 2024 – live updates Millions of Americans are at risk ...World - The Guardian - November 8 -
Elon Musk Uses X to Promote Trump’s Incoming Administration
Since the election, Mr. Musk has used his social media company to talk up how bright the future will be under the president-elect.Business - The New York Times - November 9 -
JPMorgan launches European version of JEPI, the largest active ETF
The manager has also launched JEPQ, another active US equity income ETF that has been hugely successful in the USWorld - Financial Times - November 11 -
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Brazil launches a G20 social summit to highlight needs of low-income people
Brazil has launched what it calls a social summit ahead of next week’s Group of 20 meeting of the top economiesWorld - ABC News - 6 days ago -
SteamWorld Creators Announce Incoming Layoffs And Focus On Third-Party Games
Thunderful Games, the developer of the SteamWorld series, has announced 80-100 layoffs at the company and a reshifting focus for third-party games. In a press release , the company said the ...Tech - GameSpot - 6 days ago -
Xi Tells Biden China Is Ready to Work With Incoming Administration
The two leaders’ final sit-down, at a summit in Peru, is marked by uncertainty over Trump’s tariff threats.World - The Wall Street Journal - 4 days ago -
CaixaBank Guides for Weaker Profitability, Resilient Income as Rates Boost Fades
The lender expects a lower return on tangible equity over the next three years as falling interest rates and heavier costs eat into its margins.Business - The Wall Street Journal - 2 days ago -
Incoming White House press secretary: 'We're not shy of the hostile media'
Karoline Leavitt, President-elect Trump's pick to be White House press secretary, said she welcomes a potentially combative relationship with the Washington press corps. "They have pushed lies and ...Politics - The Hill - Yesterday -
North Carolina GOP lawmakers vote to strip incoming Democratic leaders' powers
North Carolina Republican lawmakers voted to strip the state’s incoming Democratic governor and attorney general of key powers.Top stories - NBC News - 13 hours ago -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - October 30 -
GOP tax battle rages
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...Politics - The Hill - November 12 -
Trump’s Tax Plans
Three scenarios for how Republicans could approach cutting taxes next year.Top stories - The New York Times - 6 days ago -
Tariffs and taxes are not very inflationary
Households will pay, but probably not through much higher pricesWorld - Financial Times - 2 days ago -
These two ‘low tax’ states are getting socked with fast-rising property taxes
Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.Business - MarketWatch - October 29 -
Here's how Harris and Trump's tax plans would impact your taxes
Harris and Trump both have proposed historically large tax overhauls. Here's what to know.Top stories - CBS News - November 5
