One Big Beautiful Bill, tax cut
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Biden administration spent over $1.2 million in taxpayer funds renovating swimming pools at U.S. embassies in war-torn countries, according to Sen. Joni Ernst's report.
Instead of paying up, wealthy expats are getting out—sparking questions about whether the move will raise any money at all.
The OBBA did not change the federal tax rates imposed on the taxable portion of estates. They’re set on a graduated scale, from 18% to 40% with the initial portion above the exemption level taxed at 18%, the next portion at 20% and so on up to 40%, which is well below the 55% top rate that applied in 2001.
Manchester City Council became what is believed to be the first local authority to introduce the scheme last month.
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The Texas Tribune on MSN1.7 million Texans could lose health coverage under expiring tax credits, ACA changes in GOP megabillHaving never expanded Medicaid, Texas avoided most of the looming federal cuts other states will face. But the Affordable Care Act is a different story.
Once upon a time, the idea of simplifying the federal tax code enjoyed widespread bipartisan political support. Times have changed in this regard, and not for the better. That’s bad news, and not just because of the headaches it causes taxpayers each April.
Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it becomes clear: The rates Americans pay will now depend less on how much money they make,
Downing Street plans to tax inherited agricultural assets worth more than £1m at a rate of 20%.