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.
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 ...
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.
2025 Tax Filing: Live Daily Updates, Tax Tips, News and IRS Deadlines
For the 2024 tax year (taxes generally filed in early 2025), the EITC is worth up to $4,213 if you have only one qualifying ...
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 Guru51m
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 season 2025: Common problems can delay refunds
Some dread doing taxes and wait until the last minute. But millions of others file early to get their tax refunds. What to ...