Tag: income tax
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IRS sets higher standard deduction, new tax brackets for 2025
As inflation has cooled down, taxpayers can expect to see relatively slight changes ahead in the annual inflation adjustment for...
Ohio Woman Scores $15M Lottery Win, But A Huge Tax Bill Means She May Only Take Home $4.5M – Here’s Why
In a stroke of unbelievable fortune, Jeanne, a Sandusky, Ohio resident, won $15 million in the state’s 50th Anniversary scratch-off game this past June.Describe...
UK Businesses Warn Starmer Against Raising Employer Payroll Tax
(Bloomberg) -- UK business groups warned the country’s new Labour government against raising a key tax on employers after Prime Minister Keir Starmer and...
Expert Finds Trump’s Tax Proposal Drains Money From 95% Of Households And Funnels It To The Top 5%, Widening Wealth Gap
Former President Donald Trump's proposed tax plan has stirred up fresh controversy. A new analysis shows that it could provide substantial tax cuts for...
This Market Pro Says Kamala Harris’ Unrealized Capital Gains Tax ‘Makes No Sense’ And Will ‘Suck Money Out Of The Market’
Vice President Kamala Harris has endorsed a tax proposal that is lighting up debates everywhere. The 25% minimum tax on total income, including unrealized...