On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.
House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.
Donald Trump announced on Friday that if he wins the November 5 U.S. presidential election, he will propose making the cost of home generators tax-deductible for those living in states affected by natural disasters between September 1, 2024, and August 31, 2025.
To appreciate Labor Day, one needs to know the history preceding it.
At the time the United States was founded, most people were self-employed, working as either farmers or in trades, such as:
baker,
butcher,
carpenter,
cabinetmaker,
upholsterer,
tailor,
milliner...
A new report by the National Bureau of Economic Research (NBER) has revealed that clean energy tax credits disproportionately benefit high-income tax filers.
On APRIL 15, 1865, President Lincoln died. He was shot the night before in Ford's Theater.
On APRIL 15, 1912, the Titanic sank. It struck an iceberg the night...
