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2 mins read

Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem

A millionaires tax has helped other states tackle big problems. It helped Massachusetts provide fr…

Kenneth Niemeyer   


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Centre releases Rs 1.78 lakh crore to states for festive season, with largest shares to Uttar Pradesh, Bihar, and Madhya Pradesh

Among the other states, Andhra Pradesh received Rs 7,211 crore, Tamil Nadu received Rs 7,268 crore,…

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1 min read

Rise in cess, surcharge shrinking states' share in divisive pool of taxes: Kerala CM

Vijayan was speaking at a conclave of five non-BJP-ruled states organised by Kerala to discuss the …

PTI   


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Telangana urges 16th Finance Commission to increase states' share in Central taxes to 50%

He, however, said it is not just a demand for Telangana but for all states, ensuring a more coopera…

PTI   


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4 mins read

Americans moving to Canada should be aware of these 4 tax and investment implications

Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares…

Christine Ji   


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3 mins read

Why Musk supports Trump getting rid of EV tax credits

Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devasta…

Graham Rapier   


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Did you know about the only Indian state exempt from paying any income tax? Know all about it here

​​Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…

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1 min read

Mike Johnson says Congress needs to figure out the math behind Trump's tax cuts on tips

The President-elect said in September that ditching taxes on overtime pay would give "people more o…

Huileng Tan   


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5 mins read

What a Trump or Harris presidency would mean for your tax bill

BI looked at how Harris and Trump's tax policies could impact high- and low-income earners, as well…

Juliana Kaplan,Bryan Metzger   


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Higher taxes for cheaper childcare? 3 localities are voting on it and we want to hear from you.

Counties in California, Texas, and Minnesota will vote on tax hikes for childcare. We want to hear …

Allie Kelly   


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1 min read

ED conducts raids in Gujarat in GST fraud case

The Enforcement Directorate conducted multi-city searches in Gujarat related to a money laundering …

PTI   


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5 mins read

Texas lured the most people away from California — and these other states

New census data reveals the states that lost the most residents to Texas between 2022 and 2023. Cal…

Alcynna Lloyd,Noah Sheidlower…   


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Here are the 10 states where the middle class pays the most in taxes and the 9 states where they pay no state income tax at all

For example, Tennessee (ranked No. 24), Texas (No. 21), and Washington (No. 5) are in the top half …

Cork Gaines   


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Try this higher-interest, lower-tax alternative to CDs while rates are still high

If you're considering investing in a CD, you might look at this other cash equivalent instead.

William Edwards   


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5 mins read

This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'

Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-h…

Hayley Cuccinello