We have an income tax as opposed to a tariff in part to deal with the mind of the South in 1913—yet the income tax revenue enabled revenue-destructive tariffs.

High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...

The Trump administration reportedly told workers at USAID to expect their numbers to drop from 10,000 to fewer than 300.

Thus, there's usually undistributed income at each year-end, which is paid as an extra dividend to ‎avoid running afoul of IRS tax rules ... with a history of lower volatility on average ...

Bookmark stories for easy access on any device or the Swarajya app. In a big announcement for middle-class during her budget speech, Union Finance Minister Nirmala Sitharaman on Saturday (1 ...

The Wyoming Senate passed a property tax bill Tuesday that at a 50% cut would be the largest in state history. Opponents say not providing ... be an unsustainable path comparable to a state income tax ...

Listen to Story As Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-2026 on February 1, she fulfilled expectations of a major income tax relief. Individuals ...

Ramit Sethi, Founder of Seclude Hotels Home Style, said that the budget’s tax relief and consumption-driven focus will empower people with more disposable income and greater tourism ... Finance ...

Income up to Rs 12 lakh effectively tax-free under the new tax regime, benefiting salaried individuals and small businesses. TDS and TCS thresholds increased, reducing compliance burdens.