In the citizenship case, the justices voted 6-3, with the liberals in dissent, to limit the lower-courts’ preliminary ...

Some segments of the U.S. restaurant industry don’t support President Donald Trump’s proposal to eliminate federal taxes on tips. They say it would help too few people and obscure bigger ...

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking ...

IRAs have contribution and income limits to ensure that they're not used by the wealthy as bloated tax shelters. For 2025, traditional and Roth IRA contributions are capped at $7,000 with a $1,000 ...

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no ...

The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's ...

The tax bill is trying to make the case that American markets remain the best place to grow money, one expert says By Andrew Keshner Last Updated: June 5, 2025, 2:56 p.m. ET ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Personal tax is over 50% of Government income, its 52%. Companies pay 17%. GST is 25%. A lot of GST is us as well. In fact our top tax rate is 39cents. Add GST on to that you are at 54%.

Because those taxes already exist. Income tax makes up 52% of the tax take and GST accounts for 25%. So there’s nearly 80% of the total tax take covered just through PAYE and GST.

The bigger issue isn't what's already changed—it's what's coming. The Tax Cuts and Jobs Act (TCJA), passed in 2017, is set to expire at the end of 2025.