President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.

A plan by Oman is being closely watched by other governments in the region that are preparing for a future beyond oil.

Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could shave a couple thousand dollars off their federal tax bill. A hotel bartender making $45,000 plus $5,000 in tips could get back all the federal taxes withheld from their tips.

South Carolina's new budget reduces the top income tax rate from 6.2% to 6%, aiming to boost economic competitiveness.

LANSING — The state elections board on Thursday rescinded its prior approval of the summary of a graduated income tax ballot initiative after the proposal’s opponents, including business interests, raised legal and other concerns.

Zohran Mamdani, a democratic socialist, is a leading candidate for mayor of New York. He wants to tax the rich. Business interests are panicking.

But newly proposed legislation would make some future sales even more lucrative. The No Tax on Home Sales Act, introduced in the House of Representatives in July, would eliminate federal capital gains taxes on profits from the sale of primary homes.

Friends, governments around the world collect tax on the earnings of the citizens, which they use for the development of the country and facilities to the general public, but friends, do you know that there are some countries where taxes are not taken from the public,