Tax rates

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.

President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and on people who make more than $400,000 a year.

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.