Unsurprisingly, residents of Monaco and Bermuda pay no income tax but neither do people in Panama, the Maldives and Vanuatu.

Gov. Katie Hobbs is defending her plan to cut more than $200 million in personal income taxes — even as Arizona faces a shaky financial future.

Sen. Josh Hawley (R-Mo.) is pushing a new “No Taxes on Healthcare Act” that would let households deduct up to $25,000 in out‑of‑pocket medical costs, including health insurance premiums they pay themselves. This proposed deduction would be in addition to the standard deduction, which most taxpayers currently claim.

House Speaker Destin Hall, left, and Senate President Pro Tempore Phil Berger, talk before Gov. Josh Stein delivered his State of the State address to a joint session of the General Assembly on Wednesday, March 12, 2025, in the House chamber of the Legislative Building. Travis Long [email protected]

A month of softness in state revenue from corporate income tax and retail sales tax led Gov. Laura Kelly to urge the 2026 Kansas Legislature to take a

Nevada has no state income tax, which is just one reason it’s the most tax-friendly state for middle-class families. Among the many types of income that you’ll find tax-exempt in the Silver State are: Short-term rental income and capital gains.

Total General Fund revenues for October were $190.0 million, -$2.3 million or 1.2% below the $192.3 million monthly cash flow target, driven primarily by underperformance in Personal Income Tax, Meals & Rooms Tax, and Corporate Income Tax revenues.

President Trump proposes eliminating income tax entirely, suggesting tariff revenue could replace traditional taxation in ambitious economic overhaul plan.