#tax-policy

#tax-policy

Fianna Fáil has an "exciting fut­ure" ahead of it, but only if the party realises "that we're not there for ourselves", Micheál Martin has said, days out from marking its centenary.

Smerconish took issue during his Saturday show a video New York City Mayor Zohran Mamdani (D) made recently outside of billionaire Ken Griffin's New York penthouse while pushing for a tax on luxury second homes in the state. The video led to billionaire Vornado Realty Trust CEO Steve Roth calling out the mayor and going viral for comparing such tax the rich rhetoric to some disgusting racial slurs. I must say that I consider the phrase tax the rich' quote, tax the rich when spit out with anger and contempt by politicians both here and across the country, to be just as hateful as some disgusting racial slurs, Roth said, a comment heavily debated on cable news on Saturday.

Measure B seeks to renew a per-parcel tax at $800 per year that generates about $14.6 million annually. It represents less than 5% of the district's $354 million budget. This reliance on a "temporary" tax that never seems to end is an unfair burden, especially when the district is not in a dire financial crisis. The focus should be on better, more transparent management of funds, rather than securing a "blank check" that the district does not urgently need.

The jump marks a 'rebound' following a distorted March, when consumers rushed to beat changes to vehicle taxation. Last year's April figures were unusually weak after buyers accelerated purchases to avoid the expansion of Vehicle Excise Duty (VED).

Missouri's proposal to eliminate the income tax is unprecedented, marking the first time voters will have such a decision since the modern income tax was established.

The DOJ officially moved marijuana to Schedule III, placing it alongside drugs like ketamine and certain steroids instead of heroin or LSD. That's not legalization - but it's a meaningful policy shift.

A 2022 change to Serbia's Law on Personal Income Tax allows high-earners to pay up to half of their annual tax obligation into an AIF instead of into the state coffers. The government says that the aim was to stimulate investment. Critics say it significantly reduces the amount of tax paid by wealthy investors.

California will lose its most important taxpayers and net off much worse. Even people who don't expect this initiative to pass are still planning to leave because there will be another one. You're permanently reducing the tax base on an ongoing basis to get a one shot. That's what a junkie does, a one-time shot.