Finance News – Income Tax
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Retiring Early? This Strategy Cuts Your Income Tax to Zero
Married couples who retire ahead of schedule may apply a lesser-known legal method to significantly reduce their annual income tax liability while maintaining a substantial yearly...
Read Full Article →Elizabeth Warren presses oil companies on tax break lobbying for Senate bill
Senator Elizabeth Warren is seeking clarification from energy firms regarding a potential legislative provision that might eliminate their federal income tax obligations, impacting...
Read Full Article →Number of higher-rate UK taxpayers expected to hit more than 7m this year
Due to unchanged income tax thresholds since 2021, an additional half a million individuals in the UK will face a higher marginal tax rate on certain earnings in the upcoming fisca...
Read Full Article →Thailand approves five-year crypto tax exemption
Thailand’s decision to exempt cryptocurrency earnings from taxation for five years aims to encourage investor participation and growth within the regulated digital asset market sta...
Read Full Article →What is fiscal drag and how you can avoid it?
Fiscal drag refers to the increase in income tax payments resulting from unchanged tax brackets despite rising earnings, potentially affecting millions by 2029 unless proactive fin...
Read Full Article →Reeves vows to reinstate some winter fuel payments this year
The Chancellor’s commitment to restore certain winter fuel subsidies aims to provide financial relief to households, while maintaining current income tax, VAT, and national insuran...
Read Full Article →Fair taxation is about more than bashing the rich | Letters
Implementing a more balanced approach to taxation, including aligning capital gains with income tax and adjusting local taxes, could generate significant government revenue while i...
Read Full Article →Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs
Michigan’s proposed legislation aims to regulate digital asset investments, mining activities, tax policies, and central bank digital currency involvement, potentially impacting th...
Read Full Article →Gordon Brown suggests people on top rate of income tax should be excluded from winter fuel
Gordon Brown indicated that excluding high-income earners from winter fuel assistance could help allocate resources more equitably, balancing support for pensioners with financial...
Read Full Article →Missouri bill ending capital gains tax heads to governor for signature
If signed into law, the Missouri bill would allow residents to fully exclude investment earnings from state taxation, potentially affecting state revenue and influencing individual...
Read Full Article →Missouri tax bill exempts crypto and stock gains from income tax
The recent legislation in Missouri eliminates state income tax obligations on profits from cryptocurrency and stock investments, potentially impacting investors' after-tax returns...
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