Trump's plan to abolish income tax

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.
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."
‘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.
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 ...
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How “No Tax on Tips” Could Backfire
Tips have a clear definition for tax purposes: the payment must be made “free of compulsion,” and the customer determines the amount—it cannot be the result of negotiation. Those restrictions make it ...
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
Bill that would cut Idaho's tax income by $253M advances to the House
It was also noted that the budget-writing committee has not yet set a revenue projection from which to set the budget against ...
Budget 2025 Live Updates: Union Budget speech by FM Nirmala Sitharaman today; all eyes on income tax relief, GDP growth
Will Finance Minister Nirmala Sitharaman provide the much needed GDP growth boost in the Union Budget 2025? FM Nirmala Sith ...
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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 ...
Avon voters to decide on income tax increase
AVON – A tax increase for many may not necessarily sound like a good idea, but in the case of the City of Avon, this tax ...