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The Latest Breaking News from Income Tax

Trump Promises 'Substantially Lower Taxes' as He Doubles Down on Tariff Plan

President Donald Trump blamed the Revenue Act of 1913 for the nation's shortcomings and assured Americans taxes will be lower once his tariff plan is fully implemented during an interview Wednesday.

Latin Times

Pensioners Hit with £3,000 'Stealth Tax' as Frozen Thresholds Quietly Take a Toll

Millions of pensioners are on course to hand over nearly £3,000 more in tax thanks to frozen income tax thresholds.

The Fashion Central

Trump's Bold Tax Claim: Can Tariffs Really Replace Income Tax?

Trump claims tariffs could eliminate INCOME taxes, but economists warn of skyrocketing prices and recession risks. Can his plan work, or is it a recipe for economic chaos? Share your view!

International Business Times UK

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Kendal Ludden, CPA, Esq. Launches '1913 The Death of US' to Reignite Constitution Literacy & Entrepreneurial Spirit

Named after the pivotal year when the 16th Amendment, 17th Amendment, and the Federal Reserve Act were enacted, creating the modern income tax system, shifting Senatorial elections, and founding the IRS, this nonprofit organization is Kendal's bold response to what he calls 'the systematic erosion of liberty.'

International Business Times

Should You Do A Roth IRA Conversion? Nine Things to Consider

Thinking of converting a traditional IRA to a Roth IRA? The Kiplinger Tax Letter Editor highlights nine factors you should consider before making a move.

Kiplinger

Gen X, Boomers, Millennials, or Gen Z: Which Generation Pays the Most Taxes?

Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?

Kiplinger

Turnbull says negative gearing ‘examined by every government’ – as it happened

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The Guardian - AU

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We compared the Labor and Coalition’s income tax proposals to see who benefits most

We now have the competing bids for our votes by the alternative governments on income tax policy.

The Conversation

‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years

Analysis finds Amazon, Meta, Alphabet, Netflix, Apple and Microsoft averaged 18.8%, compared with 29.7% US average

The Guardian - UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

Dutton to offer targeted income tax offset of up to $1,200

Peter Dutton at his party launch on Sunday will offer a “cost-of-living tax offset” of up to A$1,200 to more than 10 million taxpayers.

The Conversation

Mississippi Is Ditching Its Income Tax. Other States Should Follow.

The poorest state in the nation just passed bold tax reform that empowers workers, attracts investment, and simplifies the system. It’s a model worth copying.

Reason

Why tax literacy should be a national priority in Canada

The last time Canada’s political parties campaigned during a tax season was more than a decade ago. This year, taxes are a hot topic, and for good reason. Shortly after the federal election was called, the political parties began rolling out promises of tax cuts to win over voters.

The Conversation

Could Tax on Overtime End for Your State This Year?

Key states are considering ending taxes on overtime — find out if yours makes the cut

Kiplinger

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The Independent UK

No state has ended personal income taxes since 1980, but Mississippi and Kentucky may change that

About 45 years have passed since a state last eliminated its income tax on wages and salaries

Kiplinger

Ask the Editor: Reader Questions, April 4 — The Tax Bill

Ask the Editor: Taxes, April 4 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on Trump's tax package, estate tax and Muni bonds.

Kiplinger

New South Carolina Income Tax Cut Might Eat Your Cash

South Carolina’s flat income tax bill could have the majority of residents paying higher income taxes. Find out how.

The Independent UK

In recruiting battle, lawmakers weigh whether to give college athletes a tax break on NIL earnings

At least four states are considering giving college athletes tax breaks on endorsement income

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news in one place.

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Kiplinger

Ask the Editor: Reader Questions, March 28 — Tax Returns

Ask the Editor: Taxes, March 28, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on filing tax returns and paying taxes.

AAP

Coalition energises race for votes with gas and petrol

The coalition have pledged gas investment to bring down power prices as they position themselves as stronger leaders for the nation ahead of the election.

AAP

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

The Conversation

This budget’s tax tinkering isn’t the same as meaningful tax reform. Here’s why

Labor’s tax changes this week do not tackle tax reform, or why we desperately need it. They only address the amount collected from personal income tax, which is the largest source of tax revenue.

Evening Standard

Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

The Independent UK

Martin Lewis gives verdict on spring statement as ISA reforms underway

The money expert focused on household income and rumoured ISA changes in his initial reaction

Kiplinger

States with the Highest Income Tax Rates for Retirees

You may reconsider living and retiring in one of these states due to high taxes.

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