taxation

Some argue it is unfair as it represents double taxation; being taxed on money that has already been taxed.

Just last week, one US oil firm said it would end all North Sea operations by the end of 2029 because of high levels of taxation.

The campaign for the measure, which defined noncitizens as tax-paying undocumented people and green card holders, said it would allow for fairer elections, evoking the centuries-old slogan “no taxation without representation.”

He pledged to exempt Social Security benefits, overtime wages and tips from taxation.

Trump has proposed to cut the taxation of all Social Security benefits, which would dramatically weaken the program’s longevity.