Union leader behind billionaires tax criticizes Gavin Newsom in unusual interview
California’s Billionaire Tax Proposal Sparks Clash The leader of a union backing California’s contentious billionaire tax proposal has taken a strong stance against Governor Gavin Newsom. He accuses Democrats of working alongside the wealthy elite, as both sides grapple with efforts to remove the tax from the November ballot. In an interview, SEIU-United Health Care […]
Wealth expert says California millionaires are considering leaving due to tax concerns.
California’s billionaires are increasingly worried about a proposed wealth tax that could impact smaller assets. According to a tax advisor for several billionaires, concerns over potential tweaks to the tax laws are prompting some of them to consider evading taxes. This proposed 5% wealth tax recently made it onto the November ballot. David L’Esperance, the […]
North Dakota’s oil revenue supports tax reductions comparable to those in Florida and Texas
North Dakota Joins the Low-Tax Conversation When it comes to states known for low taxes, most people think of Florida and Texas. However, North Dakota, another Republican-led state, has also positioned itself favorably in this respect. As many states struggle with budget deficits and contemplate tax hikes, North Dakota’s combination of tax cuts, solid public […]
Carlos Mencia’s home in Encino searched in major tax investigation
On Thursday morning, a significant number of investigators arrived at comedian Carlos Mencia’s mansion in Encino. They were seen systematically searching the property, collecting boxes, sealed cases, and bags containing materials tied to an extensive tax fraud investigation. Images taken at the scene reveal a strong presence from the enforcement team of the California Franchise […]
Wealthy tax supporters suggest 2% middle ground to Gavin Newsom
California Billionaire Tax Initiative Faces Challenges Supporters of a contentious tax initiative aimed at billionaires in California are pushing Governor Gavin Newsom to back a revised version of the proposal. They argue that a one-time tax on the state’s wealthiest residents is essential to avert what they describe as an impending health crisis. The Billionaire […]
California Billionaire Tax Approved for November Ballot
California Billionaires Face New Tax Proposal A new ballot measure proposes a one-time 5% tax on the assets of billionaires in California. It has just qualified for the November 3rd ballot, according to various reports. Ultimately, it’s the voters—most of whom aren’t billionaires—who will have the final say. The measure, while controversial, raises concerns about […]
Billionaire tax proposal from California is expected to be on the November ballot, despite opposition from Newsom
A proposal to impose a one-time tax on California’s wealthiest residents is set to be on the November ballot. Secretary of State Shirley Weber confirmed that the measure, commonly referred to as the billionaire tax, has cleared the necessary signature requirements as of Wednesday and will be certified by June 25. The health-care union advocating […]
Seattle’s JumpStart payroll tax associated with 30,000 job losses, report reveals
Seattle Faces Job Losses After Payroll Tax Implementation A recent report from the Downtown Seattle Association (DSA) highlights significant economic challenges faced by the city since the introduction of the “Jumpstart” payroll tax in 2020. The findings indicate that Seattle has seen a loss of thousands of jobs and a decline in property values. The […]
Hollywood Seeks to Make Those It Dislikes Pay for Federal Tax Credits
Despite Hollywood’s disdain for a significant portion of the country—often labeling them as ignorant or backward—there’s a growing movement advocating for federal tax credits aimed at supporting this struggling industry. Essentially, we’re footing the bill for an industry that seems intent on undermining our values, promoting agendas that many oppose, including the sexualization of children. […]
New York’s pied-à-terre tax might result in significant bills for all co-ops.
A new pied-à-terre tax in New York State is raising concerns, particularly among real estate professionals and co-op advocates. They argue the legislation, initiated by Governor Kathy Hochul and supported by Mayor Zoran Mamdani, seems to overlook the intricacies of how co-op buildings function. “It’s the building as a whole that suffers, not just the […]