Trump wants to 'abolish' the IRS and replace federal income tax revenue with tariffs on imports — how would such a move affect middle-class Americans?
U.S. President Donald Trump plans to replace income taxes with tariffs, but what does that mean for the average middle-class ...
Tax revenue could drop by 10 percent amid turmoil at IRS
Staff cuts and disruptions related to the U.S. DOGE Service have officials bracing for a sharp loss of revenue.
New Income Tax Proposal Is Progressive and Unworkable
Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or ...
Opinion
Institute on Taxation and Economic Policy3dOpinion
Two Ways a 2025 Federal Tax Bill Could Worsen Income and Racial Inequality
Two parts of Trump’s 2017 tax law that are particularly expensive and beneficial to the richest individuals are the changes in income tax rates and brackets and the special deduction for “pass-through ...
USA Today5d
How the top 1% use these six loopholes to skirt $160 billion in taxes each year.
Avoidance of the estate tax. Assets contributed to a private foundation are excluded from the donor’s estate and not subject to either federal or state estate taxes. Example: If parents have ...
FOX 11 Los Angeles9d
Best states for taxes in 2025
There’s no avoiding taxes no matter which state you live in, but where you live could mean you pay a lot more – or a lot less ...
Business Recorder2d
Teachers: federal cabinet restores 25pc income tax rebate
FTO Advisor Legal stated that teachers’ tax rebate at 25 percent remained admissible over decades i.e. ever since the ...
The Berkshire Edge6dOpinion
CAPITAL IDEAS: Dispelling myths about taxes and tariffs
These myths, drawn from a range of common conservative and progressive arguments, reflect misunderstandings about how the ...