Sen. Elizabeth Warren (D-Mass.) has slammed Tesla Inc. (NASDAQ:TSLA) for failing to pay any federal income taxes in 2025. Does That Seem Fair To You? In a post on the social media platform X on Monday, Warren expressed her criticism of the Elon Musk-led EV giant. "Does that seem fair to you?" she said in the post, sharing an image that said that Tesla had paid "$0.00" in Federal income taxes last year. Does that seem fair to you? pic.twitter.com/OL6PlfKTPy Don't Miss: Warren's claims are backed by The ...

"No Tax on Tips" Bill Overview - The "No Tax on Tips" provision in the "One Big Beautiful Bill" allows tipped employees to deduct up to $25,000 from their federal tax filing each year, starting in 2025 and lasting through 2028 [1][6] - Individuals earning $150,000 or joint filers earning $300,000 are disqualified from this deduction [6] - The IRS has provided penalty relief for the tax year 2025 as taxpayers adjust to the new policy [9] Potential Benefits - The provision is projected to increase average take-home pay for tipped workers by $1,300 per year [2] - Small businesses may benefit from improved employee retention, as replacing a tipped employee is estimated to cost around $8,000 [14][15][16] - Nevada, with approximately 25% of its workforce in tipped jobs, stands to benefit significantly [11][12][13] Criticisms and Concerns - 37% of tipped workers may not benefit as they already face zero federal income tax burden [4] - Low-income households may not benefit and could be negatively impacted by Medicaid and other social services cuts associated with the bill [5] - The policy exacerbates the existing tipping system, which is viewed negatively by nearly 90% of Americans who believe tipping has gotten out of control [3][4] - Experts argue that the bill creates unequal tax treatment compared to other professions [17] - The policy excludes auto gratuities and service charges, which could be shared with the entire staff, not just customer-facing employees [26][27] Alternative Solutions - Some suggest increasing the minimum wage to provide more stable earnings for low-income workers [20] - Eliminating the subminimum wage is proposed as a way to address wage inequality [22] - Innovative pay models, including auto gratuities and service charges, are being explored to ensure fair wages while allowing businesses to thrive [25][26]

InterestingBrett Pike (@ClassicLearner):There was no federal income tax the first 137 years in America was a country.Everything changed in 1913 with The Federal Reserve Act & 16th Amendment (Income Tax).America’s wealth was built on productivity, and stolen by usury. https://t.co/xtEHiodjY2 ...

When you're trying to figure out your cash flow, it's important to figure out the tax hit that you can expect on your income. Next year, we're going to see higher federal income tax brackets based on inflation. And also in 2026, we'll see a higher standard deduction, $32,200 for married couples, $16,100 for single filers.Why is this important. Well, it's important to understand that the federal income tax bracket and the federal tax that you pay depends on what your taxable income is and that is the amount ...

Tax Law Impact - The new tax law enables millions more Americans to pay zero federal income tax [1] Potential Paths to Zero Tax - Report highlights three plausible paths to achieving zero federal income tax liability [1]

Tax Law Impact - The new tax law enables millions more Americans to pay zero federal income tax [1] Paths to Zero Tax - The report outlines three plausible paths for Americans to achieve zero federal income tax liability [1]

The new tax law will allow millions more Americans to pay nothing in federal income tax. Here’s three plausible paths to zero. https://t.co/3avFU5Tsli ...

The new tax law will allow millions more Americans to pay nothing in federal income tax. Here’s three plausible paths to zero. https://t.co/jo08G63C6b ...

Tax Law Impact - The new tax law enables millions more Americans to pay zero federal income tax [1] Potential Paths to Zero Tax - Report highlights three plausible paths to achieving zero federal income tax liability [1]

Tax Policy Impact - The new tax law enables millions more Americans to pay zero federal income tax [1] Potential Pathways to Zero Tax - Explores three possible routes to achieving zero federal income tax liability [1]