Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid

Tech Insider : Economy, Politics
trump juxtaposed with taxes, cash and collaged with clocks
Trump's proposal to eliminate taxes on overtime and tips could alter the pay structure in America.

SAUL LOEB/AFP via Getty Images; Getty Images; Chelsea Jia Feng/BI

Bill Gates calls for higher taxes on the rich — but warns against crushing the American dream

Tech Insider
bill gates
Bill Gates' ideal tax system would leave him worth 62% less, but still a billionaire.

Afolabi Sotunde / Reuters

America's most boring job is on the brink of extinction

Tech Insider : Economy
Illustration of Gen-Z taking a photo.

Jimmy Simpson for BI

For most of his youth, Bryan wanted to be an astrophysicist.

How the rich have their cake and eat it too by using trusts to give to charity, collect cash, and save on taxes at the same time

Tech Insider
marie antoinette
Kirsten Dunst portrayed the young queen in Sofia Coppola's 2006 film "Marie Antoinette."

Columbia Pictures

Dave Portnoy says JD Vance 'sounds like a moron'

Tech Insider : Politics
Sen. JD Vance of Ohio and Barstool Sports founder Dave Portnoy
Barstool Sports founder Dave Portnoy called Sen. JD Vance's idea to lower taxes on people with children "fucking idiotic."

Bill Pugliano/Getty Images; Michael Hickey/Getty Images

Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck

Tech Insider : Economy
Waren smiling in glasses and a suit next to Obama smiling in a suit.
Warren Buffett and Barack Obama.

Mark Reinstein/Shutterstock; Frederic Legrand/COMEO/Shutterstock

Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.

Tech Insider : Economy, Economy
bundles of dollar bills
UBI is no longer just a utopian vision.

Mykola Sosiukin/iStock/Getty Images

Here's what the economy could look like with a Biden or Trump presidency

Tech Insider : Economy, Politics, Economy
President Biden and Donald Trump on a blue background
President Joe Biden and former President Donald Trump have different plans for how they'd tackle the US economy if they win the November election.

Anna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BI

Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.

Tech Insider : Economy
A sign on outside a restaurant on a street in Wyoming lists the menu items for the day.
Main Street in Bozeman, Montana. Wyoming and Montana have been hot spots for new businesses.

William Campbell/Getty Images

The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.

Tech Insider : Economy, Politics, Economy
US Treasury Secretary Janet Yellen ends her speech to Internal Revenue Service (IRS) employees about the Inflation Reduction Act of 2022 following a tour of the IRS New Carrollton Federal Building in Lanham, Maryland, September 15, 2022.
US Treasury Secretary Janet Yellen has said tax filing should be simple.

SAUL LOEB/AFP via Getty Images

Subscribe to Taxes