Washington state Senate approves tax on income over $1 million

In a narrow 27-22 vote, the Washington state Senate voted to tax households earning more than $1 million. Majority Democrats championed this measure, citing the need to address revenue concerns and target top income brackets.

Washington state Senate approves tax on income over $1 million

Brazil’s lower house approves an increase in tax exemptions for low-income people

Brazil’s lawmakers have voted to exempt monthly incomes up to 5,000 reais (about US$940) from taxation, aiming to relieve financial pressure on low earners. This shift in fiscal policy could significantly affect the take-home pay of millions of workers across the country.

Brazil’s lower house approves an increase in tax exemptions for low-income people