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.
Budget 2025: When was Income Tax introduced in the Union Budget? Know here
With Union Budget 2025 around the corner, discussions on income tax slabs, exemptions, and potential reforms are once again in focus, as taxpayers eagerly await announcements that could impact their financial planning for the coming year.
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,
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.
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 ...
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 ...
Tax Guru1h
Webinar on Budget 2025 – In-depth Analysis of Income Tax Amendments
Hon’ble Finance Minister Smt. Nirmala Sitharaman will present the second budget of Modi 3.0 on Saturday, February 1, 2025, ...
Tax help is easier than ever to find online. Should you file them yourself or pay a pro?
Each year, people wonder if they should do their own taxes or enlist a professional. We'll help you decide what to do for tax ...
Daily Journal1d
Income tax cut, bare-knuckle fighting, fentanyl test strips on the move at Statehouse
While the new governor and budget stewards are tightening state spending due to modest revenue growth, the Indiana Senate on ...
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
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 ...