The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
Category: Income Tax
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I.R.S. Suspends Free Online Offering to File Taxes Directly
The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding.
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How Universal Child Care Could Change the Economy
Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.
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The Wealth Tax Plan That’s Roiling New York and French Politics
Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.
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New York Needs More Millionaires, Fiscal Watchdog Says
A report by the nonpartisan Citizens Budget Commission comes at a time when income inequality and affordability have been the most prominent themes in the race for New York City mayor.
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Elon Musk’s SpaceX Most Likely Doesn’t Pay Taxes
Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.
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Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
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Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
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Truemed, a Start-Up Run by an RFK. Jr. Aide, Gives Tax Breaks for Meat and Mattresses
The start-up, called Truemed, helps people buy meat and mattresses with money that isn’t subject to federal income tax. But does the tax break apply?
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The First Income Tax in the Persian Gulf Signals a Changing Economic Reality
A plan by Oman is being closely watched by other governments in the region that are preparing for a future beyond oil.
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Political Costs of Trump Tax Cuts, Medicaid and ‘Debt Slavery’
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out.