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Alabama House Democrats have introduced legislation to make the state’s overtime income tax exemption permanent, challenging Republican plans to let it expire to fund broader tax cuts, including a grocery tax reduction. House Bill 467 (HB 467), spearheaded by House Minority Leader Anthony Daniels (D-Huntsville), seeks to remove the June 2025 expiration date from the tax break, originally approved in 2023. The bill also proposes a commission to assess the exemption’s long-term economic impact. “These are hardworking Alabamians contributing to our economy,” Daniels said at a press conference last week. “This is not a handout—this is money they’ve earned.” Fiscal…

South Korea stands out among the few member countries of the Organization for Economic Co-operation and Development (OECD) that continue to impose an estate tax, alongside the United States, Britain, and Denmark. While many nations have opted for inheritance tax systems, South Korea’s estate tax structure has sparked considerable debate. The OECD highlighted the advantages of a recipient-based inheritance tax in a 2021 report, suggesting that such a system may promote fairness by encouraging the division of estates and reducing wealth concentrations. This perspective reflects a growing recognition of the need for equitable tax policies that distribute wealth more evenly…