A longtime West Nashville homeowner worries he may no longer afford the house his father built, as a recent assessment shows the property’s value climbed by $340,000 since 2021. The steep property tax increase now looms as a financial hurdle, potentially forcing him to leave the place he’s always called home.

A recent study indicates that billionaires in the United States may be paying a lower tax rate than most other citizens, pointing to a shift in how top earners contribute. Multiple outlets, including CBS News and The Atlantic, have raised questions about whether recent policy changes favored the ultra-wealthy.

A recent study finds that the wealthiest 400 Americans pay a 24% tax rate—lower than that of the average taxpayer. Economists behind the research say it highlights a growing gap in the country’s tax burdens.

Ten members of the Jacksonville City Council are backing a property tax rate cut, with support from Florida’s GOP Chairman. Mayor Donna Deegan, however, attributes the decision to political pressures from state leaders, highlighting ongoing tensions around local taxation.

David Splinter’s latest commentary reveals that while the U.S. tax system is highly progressive overall, some billionaires may still face lower effective tax rates than previously assumed. His data indicates rates can climb to 45% at the top 0.01% of earners yet could be lower among those with the greatest wealth.

HarperCollins Publishers is looking to build a large-scale logistics facility in Brownsburg, Indiana, backed by a major financial investment. Town officials are discussing a possible tax break to secure the project, which is expected to open in 2028 and generate millions in tax revenue over the coming decade.

For the third year in a row, Missouri City leaders are proposing no changes to the local tax rate. Residents may see this familiar number continue, offering consistency in municipal revenues and civic planning.

Thailand plans to introduce a groundbreaking negative income tax system by 2027, fundamentally reshaping how its citizens and expats navigate financial obligations. A new data lake initiative will also streamline government welfare programs and fiscal management, illustrating the country’s commitment to modernizing its economic infrastructure.

Elon Musk’s SpaceX has paid little to no federal income tax since its 2002 launch, despite securing billions of dollars in U.S. government contracts. A tax maneuver rooted in more than $5 billion in accumulated losses—and made indefinite by a 2017 law—continues to shield the rocket company from the IRS.

Jannik Sinner clinched his first Wimbledon title by defeating rival Carlos Alcaraz, showcasing a strategic mastery that could redefine their storied rivalry. The victory not only marks a milestone in Sinner’s career but also intensifies one of tennis’s most captivating matchups.

Congress has passed President Trump’s nearly 900-page tax and spending bill, enacting $4.5 trillion in tax cuts and significant changes to national defense, immigration, and healthcare programs. The legislation promises wide-reaching impacts on America’s fiscal and social landscape.

As Independence Day approaches, President Trump aims to sign the “Big Beautiful Bill,” a move that Grover Norquist believes will grant Americans the freedom to keep more of what they earn.

Senate Republicans are moving closer to accepting the House’s $40,000 SALT deduction cap, navigating budgetary obstacles to reconcile key legislative differences before the July 4 deadline.

President Donald Trump’s plan to cut taxes by trillions of dollars could lead to billions being trimmed from social safety net programs, including critical food assistance for lower-income Americans.

In a world where splitting a bill is a tap away, Lynn Westmoreland argues that President Trump safeguarded our digital transactions from potential IRS surveillance under Biden’s administration. As cash gives way to apps like Venmo and Cash App, concerns over privacy and government oversight come to the forefront.

US small business sentiment has improved in May for the first time this year, fueled by hopes for President Trump’s spending bill, even as uncertainty and tax concerns loom large.

Discrepancies between your Form 16 and 26AS can lead to missed deductions and potential issues with your tax return. By carefully comparing these forms and alerting your employer to any errors, you can ensure you claim all eligible deductions.

Investor unease gripped the markets Wednesday, highlighted by a bond sell-off and a declining dollar, as lawmakers debated a tax-cut bill that may boost the US deficit. President Trump’s push for the legislation has raised concerns about the nation’s fiscal future.

As Ohio debates eliminating property taxes, leader Russo warns of the absence of alternative funding for schools and essential services.

Berlin’s fiscal year 2026 budget is set for a public hearing on May 28, with recent cuts reducing the tax increase to just 55 cents above the current rate. The city council’s efforts aim to minimize the financial burden on residents while maintaining essential services.

In a decisive move during budget discussions, Kaslo council has approved a nine percent increase in municipal taxes, surpassing staff recommendations. The decision, made on April 15, signals the council’s commitment to addressing the town’s financial needs.