Both major presidential candidates propose exempting tips from taxes. That could encourage more reliance on tipping, and leave workers vulnerable.
Category: Income Tax
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Donors Quietly Push Harris to Drop Tax on Ultrawealthy
Vice President Kamala Harris’s fund-raising has benefited from a surge of interest from Silicon Valley and Wall Street.
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Why Roth Accounts May Be a Good Savings Option at Any Age
These savings accounts, which are often pitched to young investors, can be a good investment option for older and retired workers.
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What We Know About Kamala Harris’s $5 Trillion Tax Plan So Far
The vice president supports the tax increases proposed by the Biden White House, according to her campaign.
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Senate Rejects Bipartisan Tax Deal
The legislation would have restored prized tax breaks for businesses and expanded the child tax credit. It had passed the House with broad bipartisan support.
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No Taxes on Tips? A Trump Idea Gains Ground.
The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump.
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No Taxes on Tips? A Trump Idea Gains Ground.
The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump.
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One Obstacle for Trump’s Promises: This Isn’t the 2016 Economy
Donald J. Trump slapped tariffs on trading partners and cut taxes in his first term. But after inflation’s return, a repeat playbook would be riskier.
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Economists Worry About Fiscal Plans of Macron’s Rivals: What to Know
The far-right National Rally party and the left-wing New Popular Front are focusing on a cost-of-living crisis to woo voters, but their plans risk worsening France’s soaring deficit.
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Democrats’ Dream of a Wealth Tax Is Alive. For Now.
A narrow Supreme Court ruling left the door open for Congress to expand taxes on billionaires, but it’s not a guarantee.
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Supreme Court Upholds Trump-Era Tax Provision
The tax dispute, which was closely watched by experts, involved a one-time foreign income tax, but many saw it as a broader challenge to pre-emptively block Congress from passing a wealth tax.