A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

On the campaign trail, Trump repeatedly denied that his tariff plan would lead to inflation. When ABC News asked him in ...

WASHINGTON — President Trump asked congressional Republican leaders Thursday to end tax perks for sports team owners and ...

Read Next: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Learn ... when it comes to the super-rich compared to middle-class income households. The Tax History of the Top 1% ...

Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked ...

One of Tesla’s biggest tax-saving mechanisms is accelerated depreciation, a loophole that allows corporations to write off the cost of assets much faster than they actually lose value. In 2024, Tesla ...