Trump's plan to abolish income tax

Trump proposes abolishment of federal income tax, bringing US back to 'richest period' in history
President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign nations "to enrich our citizens."
Is Donald Trump Abolishing Income Tax? What We Know
Trump once again hinted at the idea of eliminating the federal income tax and making up for lost revenues with tariffs.
‘Back to the Old Days’? What’s Wrong With Trump’s Plan to Abolish Income Tax
The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for tax reform.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
Tesla Reported Zero Federal Income Tax on $2 Billion of U.S. Income in 2024
Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk-led company reports $10.8 billion of U.S. income on which its current federal tax was just $48 million.
Build Sustainable Retirement Income With Tax-Efficient Planning
Learn how to create a personalized drawdown strategy that maximizes your retirement income while minimizing your tax burden.
Republican Introduces Plan to Abolish Federal Income Taxes
The bill would completely overhaul the U.S. taxation system and essentially disband the Internal Revenue Service.
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy,
Indiana Senate approves income tax cut. Here's how much you would save.
Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it ...
Reeves pushes income tax elimination, opposes Medicaid expansion in State of the State address
Amid a likely debate between Mississippi House and Senate leaders over plans to slash state taxes, Republican Gov.
Stitt renews call for income tax cut, wants Legislature to eventually eliminate it
Gov. Kevin Stitt issued a renewed call on Wednesday for lawmakers to reduce the state’s income tax by 0.5% and create a ...
5 Best Tax-Friendly States for Retirement in 2025
Retirement is a time of rest, relaxation and enjoyment. That being said, it's not without some effort to make all your finances work. Discover More: 50 Cheapest Places To Retire Across America ...
Budget 2025 expectations LIVE: Income Tax expectations to allocations for key sectors - what India wants from the FM
Several industries and taxpayers are eagerly waiting for the second full-fledged budget of the Narendra Modi-led NDA ...
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Gianforte pushes for income, property tax proposals in news conference
Gov. Greg Gianforte urged lawmakers to advance his proposals for income and property tax cuts in a news conference at the ...
Here's what to know about the IRS "Where's my refund?" app and your new 2025 tax brackets
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
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Your Money Matters: Expert tips for navigating 2025 tax season
Local certified public accountant Kaitlin Flinn shares key tax tips for 2025, including new withdrawal rules, deductions for seniors, childcare credits, and side gig income management.