President Trump’s tariffs are impacting even remote islands like Heard Island and McDonald Islands, British Indian Ocean Territory, and Norfolk Island, with some facing higher tariffs than their governing nations. Despite their minimal exports to the US, these territories are subject to tariffs ranging from 10% to 41%. French territory Réunion and British Overseas Territory Falkland Islands are among those facing steep tariffs, prompting concerns about the global reach of the trade policies.
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It's True: These 13 States Don't Tax Retirement Income
If you're looking to enhance your retirement income by reducing income tax liabilities, it's important to consider the state you reside in, as some states do not tax common forms of retirement income. While many states may not impose income tax on retirement income, federal income taxes still apply, representing a larger tax burden. Additionally, certain cities and counties may also levy taxes on this income, so it's vital to be aware of all potential...
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