Trump’s latest tax proposal: No taxes for those earning less than $150,000
If you earn less than $150,000, Trump wants to abolish your taxes, says U.S. Commerce Secretary Howard Lutnick.
Trump Administration’s No Taxes Under $150k Proposal Is A Disaster
The Trump administration’s latest tax policy quasi-proposal, announced by Commerce Secretary Howard Lutnick in an interview with CBS News, is for the elimination of taxes for folks making less than $150,
Carried interest: What to know about the tax ‘loophole’ Trump aims to end
President Donald Trump has called for raising taxes on carried interest, a form of income earned by hedge funds and private equity. Trump and other critics, generally liberal Democrats, maintain that the current tax treatment of carried interest amounts to a loophole that benefits some of the richest people in the country.
Trump’s Tax Plan: No Federal Income Tax for Earnings Up to $150,000?
In a bold economic move, former U.S. President Donald Trump is reportedly planning a major overhaul of the federal tax system. His proposal includes eliminating income tax for individuals earning up to $150,
Trump plan would eliminate taxes for most Americans
That’s what I’m working for.” According to U.S. Census figures, 93% of Americans aged 15 and above earned less than $150,000 in 2022. If Trump’s plan is implemented, it could mean that taxes would be eliminated for most of the country,
Trump Wants To Eliminate Income Taxes: 4 Ways This Could Impact Your Side Gig
President Donald Trump has said he is considering abolishing the Internal Revenue Service (IRS), and replacing it with what he calls the External Revue Service (ERS). Per CNN, the IRS generates
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...
Independent Journal Review3d
CARTER AND ELLIS: Trump Tax Cuts Can’t Come Soon Enough To Fix Biden’s Economic Mess
James Carter is a Principal with Navigators Global. He previously headed President Donald Trump’s tax team during the 2016-17 ...
Mississippi Today1d
Mississippi lawmakers struggle to reach tax agreement as federal cuts loom
With only weeks left in the 2025 session, lawmakers are pushing different proposals behind the scenes to see if Mississippi ...
How pro-growth tax policy can cement US energy dominance
With lawmakers working to make permanent key expiring tax cuts, it’s time to focus on commonsense policies that will strengthen America’s energy future.
Wall Street Journal8d
The Two Trumps on Taxes
Photo: Kevin Lamarque/Reuters/Amanda R. Gray/U.S. Navy The story of Republican tax policy in the Trump era is the contest between pro-growth ideas and anti-growth income redistribution.
National Bureau of Economic Research10d
Equity Prices, Market Power, and Optimal Corporate Tax Policy
We study the optimal design of corporate tax policy in a textbook life-cycle model featuring two key deviations: (i) firms are imperfectly competitive and (ii) households save by purchasing equity ...
Tax season 2025: How IRS layoffs could affect your tax return and refund
Here's everything to know about tax season and how the Trump administration's likely next moves will affect it.