Mr. Trump's claim about tariffs lowering taxes amounts to "an argument that says, 'If Americans pay more out of their left ...

President Donald Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset ...

Raising the top income-tax rate faces resistance from many congressional Republicans.

The Tax Cuts and Jobs Act (TCJA) disproportionately benefited the working and middle classes, as evidenced by IRS data which ...

By Andrew Duehren Washington-based tax policy reporter President ... This year, the top income bracket starts at $626,350 for an individual. Mr. Trump is effectively seeking to restore the ...

“So the combination of those two helped to bring down the effective tax rates for individuals across the income spectrum.” For tax year 2024, the standard deduction is $14,600 for single ...

If passed, that bill would mean individuals would continue to pay the same tax rates they've paid since Mr. Trump's Tax Cuts and Jobs Act took effect beginning for the 2018 tax year, with ...