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House committee advances bill to cut Kentucky income tax rate to 3.5%
The bill would lower Kentucky’s individual income tax rate from 4% to 3.5% in 2026, projected to lower state revenue by $718 ...
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How investors are protecting themselves from increased capital gains tax
With capital gains tax increasing since the Autumn Budget, investors are turning to tax wrappers like SIPPs and ISAs to ...
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Trump Wants To Eliminate Income Taxes: Here’s What That Would Mean for the Economy and Your Wallet
During his 2024 presidential campaign, President-elect Donald Trump suggested that he is considering instituting a policy of ...
Iowans to see more money in their pockets as new 3.8% flat tax rate goes into effect
Iowa's getting rid of its income tax brackets, so instead of 2024's 4.4% to 5.7%, Iowans will now start paying a flat tax rate of 3.8%."All of the things we've ...
What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
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Introduction to income tax for young workers
Navigating the world of income tax can be daunting for young workers. This guide breaks down the essentials, from ...