During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

President Donald Trump has pledged to end taxes on overtime pay, as well as other things like tips and Social Security.

Tips have a clear definition for tax purposes: the payment must be made “free of compulsion,” and the customer determines the amount—it cannot be the result of negotiation. Those restrictions make it ...

Swaminathan Aiyar highlights the Budget's support for the middle class and Bihar, but criticizes the high tax exemption limit ...

and Social Security and Medicare taxes, according to personal finance site Kiplinger. The Fair Labor Standards Act (FLSA) mandates that eligible employees receive at least 1.5 times their base ...