For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income ...
Donald Trump has alleged ‘discrimination’ against American companies and threatened to double tax rates for foreign nationals and companies in the US, the FT reported.
The highest rate in the US is the 13.3% collected in California from those making over $1 million a year, while states including Alaska, Florida and Nevada collect no income tax at all.
JEFFERSON CITY, Mo. -- President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions ...