Tag: taxes

2024-10-22

Trump tax plans could exempt 93 million Americans from income taxes

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Business

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the…

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2024-10-14

Elon Musk could become world’s first trillionaire

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Business

Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires Index. By the end…

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2024-09-05

Harris capital gains tax plan softens Biden proposal

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Business

Vice President Kamala Harris boards Air Force Two at Joint Base Andrews in Maryland, Sept. 4, 2024. Erin Schaff | The New York Times | Via Reuters Vice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income of $1 million or more, lower than the 39.6% rate President Joe…

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