Georgia legislators approve reduction in income tax and provide relief for property tax.
Politics On the final day of the 2026 regular session, the General Assembly approved a budget but did not address issues related to Georgia’s voting system. Late Thursday, lawmakers passed measures to considerably reduce income taxes and diminish property tax relief. They also enacted a spending plan of $38.5 billion, which increases funding for child […]
Advocacy group supports guaranteed income initiatives for undocumented immigrants
An organization involved in the Guaranteed Income Program in Illinois’ largest county is advocating for “economic protection” for undocumented immigrants. Their aim is to ensure that individuals, regardless of immigration status, are included in fundamental social and economic safeguards. The group, Community Change Action, believes that “financial freedom” is essential and promotes guaranteed income as […]
Seahawks general manager cautions that the new state income tax may affect free agent acquisitions.
Seahawks GM Discusses Tax Changes and Free Agency Concerns John Schneider, the general manager of the Seattle Seahawks, recently commented on a decision made by the Washington State Legislature that may complicate the team’s efforts to maintain its Super Bowl champion status. Starting in 2028, a new 9.9% tax will be applied to high-income earners, […]
Lawyer Declines to Pay Federal Income Taxes This Year as a Protest Against the Government
Tax season isn’t exactly a party for anyone, but Americans know they have to file their tax returns. Not doing so can lead to serious trouble. However, one lawyer has decided to take a stand by refusing to pay her federal income taxes this year as a form of protest against the US government. In […]
Washington state approves nearly 10% tax on millionaires after a long period without an income tax
Washington State Passes New Income Tax Bill Democratic lawmakers in Washington have approved a bill that imposes a 9.9% income tax on individuals earning over $1 million annually. This new tax was ratified after more than a day of deliberation and is projected to raise around $4 billion each year. The funds generated will primarily […]
4 ETFs Offering Up to 9.25% That Should Be in Every Income Portfolio for 2026
Current Yield Trends in ETFs JPMorgan Premium Income (JEPI) boasts assets totaling $45 billion, presenting a yield of 7.56%. Meanwhile, VanEck BDC Income (BIZD) offers a yield of 9.25%, which has decreased by 10% since the start of the year. Global X SuperDividend (SDIV) provides a yield of 7.26%, and FT Vest Aristocrats (KNG) has […]
Advocates in Illinois push for broader statewide guaranteed income program
Advocates for guaranteed income in Illinois are pushing for a permanent program, inspired by Cook County’s initiative. Byron Hobbs, the organizing director for Community Change’s Economic Freedom Team, emphasized their goal to establish a permanent income program for around 100,000 eligible residents in the state. “The current economic situation hasn’t favored those who are poor […]
Eventually, tariffs will take the place of income tax.
Trump Envisions Tariffs Replacing Income Tax During his State of the Union address on Tuesday, President Donald Trump suggested that “foreign-paid” tariffs might ultimately take the place of the contemporary income tax system. “Countries that have cheated us for years are now funneling hundreds of billions back to us,” he stated. “They were deceiving us. […]
Couple was set for early retirement until kids disrupted their finances. Can they still reach their goal with just one income?
For quite some time, Alejandro and Brady Muñoz operated on a straightforward financial plan: reduce expenses and save diligently for the sake of future freedom. They weren’t chasing luxury, but rather the flexibility that comes with an early retirement. The couple from Minnesota devoted themselves to the concept known as the FIRE movement—Financial Independence, Retire […]
Tariff income from Trump reaches all-time highs before Supreme Court decision
Tariff Revenues Reach New Heights Amid Supreme Court Challenges Tariff collections have climbed to record levels as President Trump pushed forward with his trade initiatives, but recent interventions by the Supreme Court might change the dynamics. Tariffs have become a significant aspect of Trump’s economic policy, with revenue surging nearly 300%. For instance, in January, […]