SENSEX
NIFTY
GOLD
USD/INR

Weather

image 28    C

National News

The Economic Times

National / The Economic Times

details

Earning under $1 million? Heres why you keep all your income under new tax rule

Washington introduces a new Millionaires Tax to help middle- and lower-income residents. People earning under $1 million keep their income without state tax. High earners will pay more, and the money will support families, schools, and small businesses. The plan aims to reduce costs, expand tax credits, and improve services while sparking debate over its impact on wealthy taxpayers.

1 Apr 2026 7:44 pm