#taxes

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#social-security

Only 1 in 3 Americans Have a Plan to Reduce This Massive Retirement Expense

Minimizing taxes in retirement requires advance planning to avoid larger-than-expected tax burdens.

Trump Wants to Eliminate Taxes on Social Security Benefits -- but Will That Cause Even More Problems?

Social Security benefits are taxable at the federal and state levels, impacting low-income seniors.
Tax thresholds for Social Security are unreasonably low, affecting many retirees.
Eliminating taxes could relieve seniors now but harm Social Security's future.

What Social Security Could Look Like Under a Trump Presidency for Baby Boomers Ready to Retire

Trump's presidency may introduce significant changes to Social Security taxation and benefits, impacting retirees and investors amidst current market shifts.

The Surprising Reason You Might End Up With Less Social Security

Social Security benefits can be taxed, affecting many seniors.
Tax thresholds for Social Security have not changed in decades.
Proposals to eliminate taxes on Social Security face feasibility issues.

My wife and I receive $37,000 per year from Social Security and no other income - who exactly will we be taxed?

Understanding how Social Security benefits are taxed is crucial for retirees to optimize their tax liabilities and financial planning.

Only 1 in 3 Americans Have a Plan to Reduce This Massive Retirement Expense

Minimizing taxes in retirement requires advance planning to avoid larger-than-expected tax burdens.

Trump Wants to Eliminate Taxes on Social Security Benefits -- but Will That Cause Even More Problems?

Social Security benefits are taxable at the federal and state levels, impacting low-income seniors.
Tax thresholds for Social Security are unreasonably low, affecting many retirees.
Eliminating taxes could relieve seniors now but harm Social Security's future.

What Social Security Could Look Like Under a Trump Presidency for Baby Boomers Ready to Retire

Trump's presidency may introduce significant changes to Social Security taxation and benefits, impacting retirees and investors amidst current market shifts.

The Surprising Reason You Might End Up With Less Social Security

Social Security benefits can be taxed, affecting many seniors.
Tax thresholds for Social Security have not changed in decades.
Proposals to eliminate taxes on Social Security face feasibility issues.

My wife and I receive $37,000 per year from Social Security and no other income - who exactly will we be taxed?

Understanding how Social Security benefits are taxed is crucial for retirees to optimize their tax liabilities and financial planning.
moresocial-security
#trade

Taxes, tariffs and more: 5 key economic stakes of the US election

The U.S. election's outcome heavily influences economic policies like taxes, trade, and immigration, impacting consumer prices and borrowing costs.

Watch: Scott Bessent Secretary of the Treasury confirmation hearing

Scott Bessent's confirmation hearing will address key economic issues such as taxes and trade that impact U.S. fiscal policy. The outcome is significant for economic strategy.

Taxes, tariffs and more: 5 key economic stakes of the US election

The U.S. election's outcome heavily influences economic policies like taxes, trade, and immigration, impacting consumer prices and borrowing costs.

Watch: Scott Bessent Secretary of the Treasury confirmation hearing

Scott Bessent's confirmation hearing will address key economic issues such as taxes and trade that impact U.S. fiscal policy. The outcome is significant for economic strategy.
moretrade
#cost-of-living

Saving Money Is Nearly Impossible In This US City

Cost of housing is a significant factor affecting Americans' ability to save. California has the most challenging cities for saving.

The top 5 states Americans fled in droves in 2024 - and why they're leaving

High relocation levels in 2024 were observed in states like Louisiana, California, Illinois, South Dakota, and New York due to jobs, costs, and taxes.

Americans continue migrating from high-tax to low-tax states

Many Americans are moving from high-tax to low-tax states due to increased mobility and remote work options.

Michael Goodwin: Gov. Hochul's $500 'inflation refund' plan is just fool's gold for votes

Kathy Hochul's proposed $500 inflation refund is criticized as inadequate relief for New Yorkers facing high living costs and increasing taxes.

This East Coast State Was Just Named the Best Place to Retire for Affordability, Weather, and Quality of Health Care

Delaware is ranked as the best state for retirement due to its tax benefits, diversity, and overall well-being for seniors.

Labour 'shameful' for not scrapping banker bonus cap - SNP

Stephen Flynn criticizes the PM for being out of touch with public opinion.
The SNP claims the end of the cap on bankers' bonuses is due to 'broken Brexit Britain'.

Saving Money Is Nearly Impossible In This US City

Cost of housing is a significant factor affecting Americans' ability to save. California has the most challenging cities for saving.

The top 5 states Americans fled in droves in 2024 - and why they're leaving

High relocation levels in 2024 were observed in states like Louisiana, California, Illinois, South Dakota, and New York due to jobs, costs, and taxes.

Americans continue migrating from high-tax to low-tax states

Many Americans are moving from high-tax to low-tax states due to increased mobility and remote work options.

Michael Goodwin: Gov. Hochul's $500 'inflation refund' plan is just fool's gold for votes

Kathy Hochul's proposed $500 inflation refund is criticized as inadequate relief for New Yorkers facing high living costs and increasing taxes.

This East Coast State Was Just Named the Best Place to Retire for Affordability, Weather, and Quality of Health Care

Delaware is ranked as the best state for retirement due to its tax benefits, diversity, and overall well-being for seniors.

Labour 'shameful' for not scrapping banker bonus cap - SNP

Stephen Flynn criticizes the PM for being out of touch with public opinion.
The SNP claims the end of the cap on bankers' bonuses is due to 'broken Brexit Britain'.
morecost-of-living
#financial-planning

These Are the Biggest Downsides of Being Worth Millions

Millionaire status provides financial freedom but requires careful management and expert guidance to navigate complexities in taxes and investments.

Here's the First Day You Can File Your Tax Return This Year -- and Why You Should Get it in Early

Filing taxes early can result in quicker refunds and more time to manage any potential tax liabilities.

These Are the Biggest Downsides of Being Worth Millions

Millionaire status provides financial freedom but requires careful management and expert guidance to navigate complexities in taxes and investments.

Here's the First Day You Can File Your Tax Return This Year -- and Why You Should Get it in Early

Filing taxes early can result in quicker refunds and more time to manage any potential tax liabilities.
morefinancial-planning
#inflation

Jill On Money: 5 words for the 2025 economy

2025 will see significant policy changes that spark debate, particularly on tariffs, immigration, and taxes.

Firms to raise prices amid tax and wage 'pressures'

Businesses are under significant financial pressure, leading to widespread price increases and low confidence in the UK's economic outlook.

Rishi Sunak: I can't keep pledge to reduce NHS waiting lists

Rishi Sunak has admitted to failing on his promise to cut NHS waiting lists, which is the first time the prime minister has acknowledged being off track on his key targets.
Sunak's pledge to get the UK economy growing again is still uncertain, but he claims that he will stop the boats once deportation flights to Rwanda start running.

Jill On Money: 5 words for the 2025 economy

2025 will see significant policy changes that spark debate, particularly on tariffs, immigration, and taxes.

Firms to raise prices amid tax and wage 'pressures'

Businesses are under significant financial pressure, leading to widespread price increases and low confidence in the UK's economic outlook.

Rishi Sunak: I can't keep pledge to reduce NHS waiting lists

Rishi Sunak has admitted to failing on his promise to cut NHS waiting lists, which is the first time the prime minister has acknowledged being off track on his key targets.
Sunak's pledge to get the UK economy growing again is still uncertain, but he claims that he will stop the boats once deportation flights to Rwanda start running.
moreinflation
#congestion-pricing

Exclusive | Trump slams Hochul move to revive NYC congestion tax: 'It will hurt workers, families, and businesses'

Trump opposes Hochul's congestion pricing plan, calling it a regressive tax that will harm struggling New Yorkers and deter business growth.

Governor Hochul's Congestion Pricing Plan: A Slap in the Face to Everyday New Yorkers | stupidDOPE

Congestion pricing in NYC adds financial strain to residents already burdened by taxes while exempting ride shares and taxis from additional fees.

Exclusive | Trump slams Hochul move to revive NYC congestion tax: 'It will hurt workers, families, and businesses'

Trump opposes Hochul's congestion pricing plan, calling it a regressive tax that will harm struggling New Yorkers and deter business growth.

Governor Hochul's Congestion Pricing Plan: A Slap in the Face to Everyday New Yorkers | stupidDOPE

Congestion pricing in NYC adds financial strain to residents already burdened by taxes while exempting ride shares and taxis from additional fees.
morecongestion-pricing
#budget

MTA eyes new taxes, fees to plug $33B budget hole - even after NYC's $9 congestion toll!

Governor Hochul aims to address a $33 billion MTA budget gap without raising income taxes, but considers new taxes and fees necessary for funding.

Labour minister claims Budget will be most honest' in years

Labour's upcoming Budget aims for honesty, addressing previous fiscal inconsistencies.

Biden's 2025 budget plan includes tax increases for corporations and the wealthy

Biden accuses GOP of favoring pharmaceutical companies
Biden to send budget to Congress with populist economic agenda

Police in London face eye-watering cuts', Met chief Mark Rowley says - UK politics live

The government is facing scrutiny over its budget, particularly regarding tax increases and spending measures impacting various sectors.

MTA eyes new taxes, fees to plug $33B budget hole - even after NYC's $9 congestion toll!

Governor Hochul aims to address a $33 billion MTA budget gap without raising income taxes, but considers new taxes and fees necessary for funding.

Labour minister claims Budget will be most honest' in years

Labour's upcoming Budget aims for honesty, addressing previous fiscal inconsistencies.

Biden's 2025 budget plan includes tax increases for corporations and the wealthy

Biden accuses GOP of favoring pharmaceutical companies
Biden to send budget to Congress with populist economic agenda

Police in London face eye-watering cuts', Met chief Mark Rowley says - UK politics live

The government is facing scrutiny over its budget, particularly regarding tax increases and spending measures impacting various sectors.
morebudget
#local-government

After scrapping homeless tax vote, Miami Beach is getting a $10M bill from Miami-Dade

Miami Beach faces a $10 million demand from Miami-Dade County for homeless services after rescinding a restaurant tax referendum.
Tensions rise between Miami Dade County and Miami Beach over homeless service funding after a recently rescinded referendum.

This Is the State Where Americans Pay the Most Taxes, And It's Not California or New York

State and local tax burdens vary significantly across the U.S., influenced by local policies and economic conditions.

After scrapping homeless tax vote, Miami Beach is getting a $10M bill from Miami-Dade

Miami Beach faces a $10 million demand from Miami-Dade County for homeless services after rescinding a restaurant tax referendum.
Tensions rise between Miami Dade County and Miami Beach over homeless service funding after a recently rescinded referendum.

This Is the State Where Americans Pay the Most Taxes, And It's Not California or New York

State and local tax burdens vary significantly across the U.S., influenced by local policies and economic conditions.
morelocal-government
#investment

Here's a final breakdown of how both presidential candidates might affect your finances

The financial future of consumers hinges on the differing policies of Harris and Trump regarding taxes, tariffs, and housing.

Tax-Exempt Interest Income: Your Path to Tax-Free Earnings

Tax-exempt interest from municipal bonds and Treasury bonds offers attractive benefits for investors, particularly in states with zero income tax.

Shares in UK gambling firms fall 3bn amid talk of higher taxes in budget

British gambling companies' stock valued dropped over £3bn due to potential tax increases, with significant market reactions noted amongst major operators.
The UK government may raise taxes on the gambling sector to address a £22bn budget deficit.

What is Labour's 28bn green plan and could it be shelved?

Labour's proposed green prosperity plan would commit 28bn a year to kickstart the UK's transition to a low-carbon economy.
The plan includes boosting renewable energy, insulating homes, improving transport infrastructure, fostering low-carbon industries, and helping fossil fuel-reliant industries transition to net zero.
The 28bn figure has been criticized by the Tories, who claim it would require higher taxes, but economists argue that it can be funded without raising taxes and seen as an investment.

Here's a final breakdown of how both presidential candidates might affect your finances

The financial future of consumers hinges on the differing policies of Harris and Trump regarding taxes, tariffs, and housing.

Tax-Exempt Interest Income: Your Path to Tax-Free Earnings

Tax-exempt interest from municipal bonds and Treasury bonds offers attractive benefits for investors, particularly in states with zero income tax.

Shares in UK gambling firms fall 3bn amid talk of higher taxes in budget

British gambling companies' stock valued dropped over £3bn due to potential tax increases, with significant market reactions noted amongst major operators.
The UK government may raise taxes on the gambling sector to address a £22bn budget deficit.

What is Labour's 28bn green plan and could it be shelved?

Labour's proposed green prosperity plan would commit 28bn a year to kickstart the UK's transition to a low-carbon economy.
The plan includes boosting renewable energy, insulating homes, improving transport infrastructure, fostering low-carbon industries, and helping fossil fuel-reliant industries transition to net zero.
The 28bn figure has been criticized by the Tories, who claim it would require higher taxes, but economists argue that it can be funded without raising taxes and seen as an investment.
moreinvestment
#california

With ballot prop results taking shape, how much will they cost California?

California ballot measures can have long-term fiscal impacts, resulting in higher taxes for future taxpayers.

As Expected, 2024 Was a Bad Year for Cannabusiness

California's cannabis market struggles due to federal illegality and high taxation, leading to a decline in licensed sellers.

Pot shops owed millions in taxes. So, California sold their bongs and pipes, and made $2,075

California seized property from marijuana dispensaries to recover $14.4 million in unpaid taxes, but only made $2,075 at auction.

Storm-driven tax delays worsened California's deficit. Newsom wants control over deadlines

California seeks more control over tax deadlines to manage budget deficits.

IRS gives taxpayers in disaster-stricken San Diego County two extra months to file returns

Taxpayers in San Diego County have an extended deadline until June 17 to file returns and pay taxes due to recent winter storms.
Relief extended to other California localities affected by storms if added to the disaster area.

Is California Headed For Another Tax Revolt? | KQED

Potential tax fight brewing in California amid ballot measures and legal battles.
Bill reintroduced in California for striking workers to qualify for unemployment benefits.

With ballot prop results taking shape, how much will they cost California?

California ballot measures can have long-term fiscal impacts, resulting in higher taxes for future taxpayers.

As Expected, 2024 Was a Bad Year for Cannabusiness

California's cannabis market struggles due to federal illegality and high taxation, leading to a decline in licensed sellers.

Pot shops owed millions in taxes. So, California sold their bongs and pipes, and made $2,075

California seized property from marijuana dispensaries to recover $14.4 million in unpaid taxes, but only made $2,075 at auction.

Storm-driven tax delays worsened California's deficit. Newsom wants control over deadlines

California seeks more control over tax deadlines to manage budget deficits.

IRS gives taxpayers in disaster-stricken San Diego County two extra months to file returns

Taxpayers in San Diego County have an extended deadline until June 17 to file returns and pay taxes due to recent winter storms.
Relief extended to other California localities affected by storms if added to the disaster area.

Is California Headed For Another Tax Revolt? | KQED

Potential tax fight brewing in California amid ballot measures and legal battles.
Bill reintroduced in California for striking workers to qualify for unemployment benefits.
morecalifornia

Mega Millions Jackpot Hits Staggering $670 Million-Here Are the Wildly Pricey Mansions a Winner Could Snap Up

The Mega Millions jackpot reaches $670 million, but winners face significant tax implications that reduce the actual winnings substantially.
#irs-regulations

Do you get paid through Venmo, CashApp, or PayPal in 2024? The IRS will know

Payment platforms will report transactions to the IRS, changing tax obligations for many.
For 2024-2025, the reportable amount is $5,000, dropping to $600 in 2026.

Tax Implications When Using Synthetic Positions

Understanding tax implications of synthetic positions is essential for optimizing returns and compliance.

Do you get paid through Venmo, CashApp, or PayPal in 2024? The IRS will know

Payment platforms will report transactions to the IRS, changing tax obligations for many.
For 2024-2025, the reportable amount is $5,000, dropping to $600 in 2026.

Tax Implications When Using Synthetic Positions

Understanding tax implications of synthetic positions is essential for optimizing returns and compliance.
moreirs-regulations
#economic-policy

Trump has promised lower taxes. These are 3 ways it could impact you

Trump's tax cut promises may benefit some households but could significantly increase national debt.
Impacts of 2017 tax cuts are more favorable for high earners than middle-class families.

Readers left divided over Labour's tractor tax' on inherited farms

The Independent is committed to providing accessible, unbiased journalism that informs and engages the public on critical issues.

The Observer view: a bold budget that's the right response to years of neglect

The first Labour budget in 14 years addresses higher taxes and borrowing for public services amid economic challenges.

Rachel Reeves admits autumn Budget likely to hit pay for workers

The Labour government's tax increase on employers may adversely affect workers' wage growth, according to Chancellor Rachel Reeves.

CNBC's Joe Kernen Pounces on Guest Over Tax Hikes Before Even Introducing Her: Just Answer That!'

Joe Kernen believes economic agendas from both parties typically harm the economy by misunderstanding taxation's impact on corporations and job creation.

Trump has promised lower taxes. These are 3 ways it could impact you

Trump's tax cut promises may benefit some households but could significantly increase national debt.
Impacts of 2017 tax cuts are more favorable for high earners than middle-class families.

Readers left divided over Labour's tractor tax' on inherited farms

The Independent is committed to providing accessible, unbiased journalism that informs and engages the public on critical issues.

The Observer view: a bold budget that's the right response to years of neglect

The first Labour budget in 14 years addresses higher taxes and borrowing for public services amid economic challenges.

Rachel Reeves admits autumn Budget likely to hit pay for workers

The Labour government's tax increase on employers may adversely affect workers' wage growth, according to Chancellor Rachel Reeves.

CNBC's Joe Kernen Pounces on Guest Over Tax Hikes Before Even Introducing Her: Just Answer That!'

Joe Kernen believes economic agendas from both parties typically harm the economy by misunderstanding taxation's impact on corporations and job creation.
moreeconomic-policy

Countries With the Highest Taxes: Where Does the US Rank?

Tax perceptions impact public sentiment about tax burdens more than actual rates or amounts.
#retirement

This City Ranked No. 1 in the U.S. for Retirement for Its Tax-friendliness, Health Care Facilities, and Pristine Weather

Orlando ranks as the best retirement destination in Florida due to its recreational activities, healthcare services, and favorable tax environment.

8 Best Places to Retire in Nevada

Nevada is a top retirement destination due to no state income tax and low property tax rates.

This City Ranked No. 1 in the U.S. for Retirement for Its Tax-friendliness, Health Care Facilities, and Pristine Weather

Orlando ranks as the best retirement destination in Florida due to its recreational activities, healthcare services, and favorable tax environment.

8 Best Places to Retire in Nevada

Nevada is a top retirement destination due to no state income tax and low property tax rates.
moreretirement

Barbara Lynch Is Shutting Her Restaurants, But Not Before the City Sues for Nearly $1.7M in Unpaid Taxes

Barbara Lynch is facing a lawsuit for over $1.6 million in unpaid taxes as she shuts down her Boston restaurants.

I'm 55 with $2.5 million in Apple stock that I bought 30 years ago and now it's all capital gains - can I use these funds for the first 5 years of my retirement?

Capital gains taxes pose significant challenges for retirees, particularly in managing Modified Adjusted Gross Income.
#entrepreneurship

Mark Cuban says billionaires show why America is special - and it's patriotic to get obscenely rich then pay big taxes

Billionaires exemplify the American Dream, representing boundless opportunities for wealth creation and societal contribution.

4 tax strategies for remaining financially stable as a content creator

Influencers must understand tax implications and navigate them to maximize their earnings.
Tracking expenses and leveraging tax credits are vital for creators' financial health.

Mark Cuban says billionaires show why America is special - and it's patriotic to get obscenely rich then pay big taxes

Billionaires exemplify the American Dream, representing boundless opportunities for wealth creation and societal contribution.

4 tax strategies for remaining financially stable as a content creator

Influencers must understand tax implications and navigate them to maximize their earnings.
Tracking expenses and leveraging tax credits are vital for creators' financial health.
moreentrepreneurship
#expat-life

I'm an American who's lived in South Korea for 10 years. Here are 9 things I don't miss about the US.

Living in South Korea has made me appreciate included taxes and non-compulsory tipping.

I moved from the US to Australia. My employer contributes over 11% to my retirement, and I don't pay property taxes.

Chelsey Nelson feels financially better off in Australia despite paying higher taxes.

I'm an American who's lived in South Korea for 10 years. Here are 9 things I don't miss about the US.

Living in South Korea has made me appreciate included taxes and non-compulsory tipping.

I moved from the US to Australia. My employer contributes over 11% to my retirement, and I don't pay property taxes.

Chelsey Nelson feels financially better off in Australia despite paying higher taxes.
moreexpat-life
#apple

Apple Must Pay $14.4 Billion to Ireland in Crackdown On 'Sweetheart Deals'

Apple has been ordered to pay €13 billion in unpaid taxes to Ireland after being found to have benefited from illegal state aid.

Apple told to pay back 13bn in tax by EU

The European Court of Justice mandates Apple to repay €13 billion in taxes to Ireland, affirming past EU Commission decisions regarding illegal tax advantages.

EU court orders Apple to pay $14.4 billion in back taxes to Ireland

Apple must pay $14.4 billion in back taxes after losing an appeal on a 2016 ruling regarding unfair state aid from Ireland.

Apple's Quarterly Profit Down Because of Tax Payment in Europe

Apple's quarterly revenue rose significantly but was impacted by a major tax payment, leading to profit declines.

Spending of Apple's billions to be key election battleground

Ireland will access over €14bn from an escrow fund for capital projects after resolving international claims related to Apple's taxes.
The funds in the escrow are expected to be utilized within six months, aligning with upcoming political discussions around the general election.

Apple Must Pay $14.4 Billion to Ireland in Crackdown On 'Sweetheart Deals'

Apple has been ordered to pay €13 billion in unpaid taxes to Ireland after being found to have benefited from illegal state aid.

Apple told to pay back 13bn in tax by EU

The European Court of Justice mandates Apple to repay €13 billion in taxes to Ireland, affirming past EU Commission decisions regarding illegal tax advantages.

EU court orders Apple to pay $14.4 billion in back taxes to Ireland

Apple must pay $14.4 billion in back taxes after losing an appeal on a 2016 ruling regarding unfair state aid from Ireland.

Apple's Quarterly Profit Down Because of Tax Payment in Europe

Apple's quarterly revenue rose significantly but was impacted by a major tax payment, leading to profit declines.

Spending of Apple's billions to be key election battleground

Ireland will access over €14bn from an escrow fund for capital projects after resolving international claims related to Apple's taxes.
The funds in the escrow are expected to be utilized within six months, aligning with upcoming political discussions around the general election.
moreapple
#labour-party

Rachel Reeves goes back to the future with a tax and spend budget

Reeves' budget increases public spending significantly without direct tax burdens on ordinary voters.

Labour could raise employee national insurance at the Autumn Budget - London Business News | Londonlovesbusiness.com

The government may increase national insurance for employers, contradicting Labour's manifesto pledge that vowed not to raise taxes.

Rachel Reeves goes back to the future with a tax and spend budget

Reeves' budget increases public spending significantly without direct tax burdens on ordinary voters.

Labour could raise employee national insurance at the Autumn Budget - London Business News | Londonlovesbusiness.com

The government may increase national insurance for employers, contradicting Labour's manifesto pledge that vowed not to raise taxes.
morelabour-party

Former Moody's General Counsel Gets Prison Time For Tax Evasion

Paying taxes is a serious obligation that can lead to severe legal consequences if not met.

Report: Fine-Dining Restaurant Mourad Owes Over $100K in Back Taxes

Mourad restaurant faces closure due to over $100,000 in tax liabilities and a lawsuit from the city of San Francisco.

Election 2024: All you need to know about Berkeley's 12 ballot measures

Berkeley voters will decide on 12 local ballot measures addressing taxes and ordinance changes affecting various community sectors this November.

Potential Tax Changes on the Horizon You Should Be Aware Of - San Francisco Bay Times

Upcoming elections may hinge on future U.S. tax policies, particularly capital gains tax and estate planning measures.
#kamala-harris

The Harris and Trump debate showdown focused on these key economic policies

The debate showcased a fierce clash between Trump and Harris focusing primarily on economic issues and their contrasting policies.

The only campaign proposal that Kamala Harris and Donald Trump agree on

Kamala Harris and Donald Trump both propose eliminating taxes on service industry tips, igniting a political spat centered around the authenticity of their intentions.

The Harris and Trump debate showdown focused on these key economic policies

The debate showcased a fierce clash between Trump and Harris focusing primarily on economic issues and their contrasting policies.

The only campaign proposal that Kamala Harris and Donald Trump agree on

Kamala Harris and Donald Trump both propose eliminating taxes on service industry tips, igniting a political spat centered around the authenticity of their intentions.
morekamala-harris

Patriots defensive lineman discussed the Mass. 'millionaires tax' following Bill Belichick's comments

Athletes express concern about taxes and their effective allocation in Massachusetts, advocating for transparency and voter engagement in political processes.

Oregon may pay out $1 billion kicker in 2026 as tax revenues come in higher than expected

Oregonians will likely receive larger refunds in 2026 due to exceeding tax revenue projections.
from www.npr.org
4 months ago

How would banning taxes on tips actually work?

Trump and Harris both support ending taxes on tipping, but economists warn of potential abuse without proper regulations.

Harris and Trump's pitch to businesses: Give workers a raise without increasing your payroll

The bipartisan proposal to eliminate taxes on tips promises significant financial benefits for employees and employers alike.

Here's Why This Jar of Weed Costs $60 at a Legal N.Y.C. Dispensary

Legal cannabis businesses face steep taxes and competition from unregulated markets, complicating their financial viability.

Step inside the richest city in Arizona, where wealthy Californians are flocking for private mountainside estates

Wealthy Californians are relocating to Paradise Valley for its spacious estates and favorable tax policies.

What a "no taxes on tips" policy could mean for U.S. tipping culture

A no-tax-on-tips policy could significantly change tipping culture by creating incentives for both workers and businesses.

No more fiscal favours? Calls to tax super-rich gain traction around world

Calls for higher taxes on the super-rich are gaining traction globally.

From Tips to TikTok, Trump Discards Policies With Aim to Please Voters

Former President Trump proposed an economic agenda eliminating taxes on tips, despite his previous actions that conflicted with such promises.

Undocumented immigrants in US pay nearly $100 billion in taxes

Undocumented immigrants pay almost $100 billion in taxes, contributing significantly to the country's tax revenue.

New state budget bites NYC: On the hook for migrants, schools

Gov. Kathy Hochul's rollback adds $4 billion to state pension liabilities, increasing concerns about high spending and burden-shifting.

Business - French government plans unemployment reform, refuses new taxes

French Prime Minister Gabriel Attal plans to tighten unemployment benefits to address a large budget deficit.
The French government rejects calls for new taxes, including on corporate windfalls and share buybacks.
#irs

Can AI Help You Do Your Taxes?

Tax companies are using AI tools to simplify tax filing processes by automating tasks, identifying tax breaks, and minimizing compliance risks.
Taxpayers should not solely rely on AI tools for tax filing due to inaccuracies, but AI is predicted to significantly impact the tax industry in the future.

Can I file my taxes for free through the IRS? Here's how the new Direct File program works

The IRS is launching a new, free way to file taxes called the Direct File pilot program.
The program is currently limited and requires an invitation to participate, but it is expected to be more widely available in mid-March.

Can AI Help You Do Your Taxes?

Tax companies are using AI tools to simplify tax filing processes by automating tasks, identifying tax breaks, and minimizing compliance risks.
Taxpayers should not solely rely on AI tools for tax filing due to inaccuracies, but AI is predicted to significantly impact the tax industry in the future.

Can I file my taxes for free through the IRS? Here's how the new Direct File program works

The IRS is launching a new, free way to file taxes called the Direct File pilot program.
The program is currently limited and requires an invitation to participate, but it is expected to be more widely available in mid-March.
moreirs

Joe Biden proves he's a hypocrite as money keeps pouring in

President Joe Biden criticized millionaires for not paying their fair share but minimized his taxes when making millions.
Special Counsel's report reveals Biden's financial motives, including sharing classified information for profit.

Sorry, City Hall: Migrant flood is zero consolation as residents flee

Residents are leaving NYC due to high crime and taxes, being replaced by illegal migrants.
New York City's population is maintained by migrants, while taxpaying residents are leaving.

Jeremy Hunt mirrors Labour policy by axing non-dom tax rules

Non-dom rules axed in the UK, moving towards a residency-based tax system from April 2025.
Transitional arrangements in place for current non-doms, encouraging them to bring wealth to the UK.

Indonesia's Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

Indonesia's crypto regulator wants tax reconsideration
Crypto may be treated as securities under OJK oversight

Struggling to stop illegal cannabis stores, New York governor asks online sites to hide them

New York Governor asks online sites to hide illegal cannabis dispensaries
Legal marijuana shops in New York face challenges in competition with illegal vendors.

Jeff Bezos Nets $8.5 Billion From Amazon Share Sale

Jeff Bezos sold 14 million Amazon shares, totaling $2.4 billion in just nine days.
Bezos' move from Seattle to Miami may save him considerable taxes due to Washington's capital gains tax.

BrandStorytelling BrandVoice: Dive Into 'Responsibility Island' From H&R Block

H&R Block ventures into branded entertainment with 'Responsibility Island'.
Collaboration between H&R Block and Piro results in a strategic and entertaining tax-themed show.

Last California tax deadline was just months ago. What do you have to do this year?

California's state Franchise Tax Board received 4.5 million personal tax returns during last year's extension period following catastrophic winter storms.
California provides an automatic extension to file every year, but payment is still due April 15.
#immigration

Why Republicans Don't Want to Solve the Border Problem

Republicans are more willing to deal on taxes than on immigration due to the different nature of these issues in terms of political capital.
Republicans use immigration as a wedge issue against Democrats to win elections, while taxes are a policy goal they consider vital.

Mazi Pilip, Tom Suozzi stump on final day of early voting in race to replace George Santos in Congress

Tom Suozzi criticized his opponent, Mazi Pilip, during a rally, calling him 'George Santos 2.0'.
Republican Nassau County Executive Bruce Blakeman praised Mazi Pilip's record and criticized Suozzi's tax increases and immigration policies.

Why Republicans Don't Want to Solve the Border Problem

Republicans are more willing to deal on taxes than on immigration due to the different nature of these issues in terms of political capital.
Republicans use immigration as a wedge issue against Democrats to win elections, while taxes are a policy goal they consider vital.

Mazi Pilip, Tom Suozzi stump on final day of early voting in race to replace George Santos in Congress

Tom Suozzi criticized his opponent, Mazi Pilip, during a rally, calling him 'George Santos 2.0'.
Republican Nassau County Executive Bruce Blakeman praised Mazi Pilip's record and criticized Suozzi's tax increases and immigration policies.
moreimmigration

When to pay the ATO: How social media complicates tax

Social media influencers may need to pay taxes on their income depending on whether their work is considered a hobby or a business.
The Australian Taxation Office (ATO) uses several factors to determine if an influencer's work is a taxable business, including the commercial purpose, intention to engage in business, purpose of profit, regularity, and repetition of the activity.

Berkeley Public Works employee charged with violently threatening boss over taxes

A Berkeley Public Works employee is facing charges for allegedly threatening his supervisor at the Berkeley Corporation Yard.
The employee, Pat Lynn Urdahl, is accused of making threats out of anger for having to pay taxes instead of receiving a refund.

Farmers protest in Brussels amid EU summit DW 02/01/2024

Farmers in Belgium have blocked roads leading to a European Union summit in Brussels using tractors as a form of protest.
The farmers are complaining about taxes, rising costs, cheap imports, rules, and bureaucracy.

Labour and Tories need to be honest about economic trade-offs, says IFS

The next UK government will face tough choices regarding taxes and spending due to weak growth and high debt interest payments.
The Institute for Fiscal Studies warns that budget tax cuts risk being reversed or paid for by spending cuts.
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