The Obligatory Tax Day TaxByte
Random observations on this most ominous of days—Tax Day. So much for broader, flatter, simpler. President Trump’s (and Congress’) 2017 tax reform included significant simplification of the tax code…
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Jeff Bezos proposes zero federal income tax for bottom half of earners; data shows low earners already pay minimal rates
Amazon Executive Chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.
cnbc.com·1mo agoWho pays the most income tax?
In 2023, the top 5% of earners collectively paid nearly $1.3 trillion in income taxes, or about 60% of the national total.
The $23,000 Limit, the $4,945 Reality: How the Average Worker Leaves $19,555 on the Table Every Year
The IRS lets a worker under 50 stash $24,500 in a 401(k) this year, up from the $23,500 ceiling in 2025 and the $23,000 limit that framed th
New Study Shows Wealthiest Americans Pay 24% Average Tax Rate, Below Official Figures
A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.
theatlantic.com·10mo ago
Bezos and Cardone propose eliminating federal income taxes for middle-class Americans
A nurse in Queens earning $75,000 a year hands over more than $12,000 in federal income taxes.
bit.ly·1mo ago
Pew poll: 6 in 10 Americans say they pay too much in taxes, especially top earners
Six in 10 Americans say they pay more than their fair share in taxes, recent polling shows. Only one-third believe they pay the right amount
cbsnews.com·20d ago
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