The 2024 Union Budget introduces a range of tax reforms and financial incentives aimed at providing relief and benefits for salaried individuals, including revised tax slabs, increased standard deduction, simplified tax regime, expanded investment options, enhanced medical and education allowances, improved home loan interest deductions, boosted provident fund and pension contributions, and greater incentives for digital payments and female workforce participation.
The author argues that the U.S. tax code systematically benefits white families over Black families, perpetuating racial inequality through policies like the joint return.
The author argues that billionaire sports team owners exploit tax laws to minimize their personal tax bills significantly, showcasing stark disparities in tax rates between owners, athletes, and stadium workers.
The author exposes how the wealthiest individuals avoid income tax through legal strategies, highlighting discrepancies in the tax system and revealing the true tax rates of billionaires.