Tax rates

Who controls how many branches of government is having repercussions at every level.

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

Donald Trump said he would cut the corporate tax rate, slash regulations and conduct an audit of the federal government.

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

Donald Trump promised CEOs he would lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

About 140 countries signed on to the outline of a groundbreaking pact in 2021 to reform the way large multinational companies are taxed.

U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.

Economists in Donald Trump's circle are pressuring him to to embrace a 17% tax rate for all, and to hold the line on the state and local tax deduction.