Tax Cuts from Trump Increase Earnings and Savings
Disposable Income Rises in January Amid Tax Cuts In January, American disposable income saw a significant increase as tax cuts initiated by former President Trump’s legislation began to impact paychecks. This trend also led to a boost in personal savings rates while consumer spending seemed to take a backseat, as reported by the U.S. Bureau […]
John Schneider of the Seattle Seahawks warns that the ‘millionaires tax’ will be felt strongly.
Seahawks Face Challenges Ahead The Seattle Seahawks, fresh off their second Super Bowl victory, may encounter hurdles. Interestingly, it’s not the typical championship hangover one might expect. General manager John Schneider highlighted concerns regarding a new “billionaire tax” that is awaiting the signature of Democratic Governor Bob Ferguson. He warned that this tax could significantly […]
Many Americans might be entitled to a tax refund due to COVID. Here’s how to claim it.
Updated March 13, 2026, 8:28 a.m. ET While many Americans might prefer to leave the COVID-19 pandemic in the past, tax accountants suggest it might be worthwhile to revisit that time. Why? You could be eligible for a tax refund from the IRS. When a federally declared disaster happens, certain tax laws take effect. According […]
A new tax credit won’t solve what Sunday schools once taught.
The Challenge of Homeownership for Young Americans For many young people, the dream of having a garden, a picket fence, and a place in the neighborhood seems increasingly unattainable. Policymakers often view this primarily as an affordability issue—prices, interest rates, and down payments are critical. Yet, the underlying problem seems to stem more from familial […]
This year’s tax refunds are bigger. Here’s why that’s not beneficial for taxpayers.
Initial figures for the 2026 tax filing season reveal that the average refund is around $3,742, marking an increase of over 10% compared to last year. This increase is primarily attributed to changes in the tax system. “The main reason so many refunds are higher this year is the One Big Beautiful Bill Act (OBBBA) […]
Tax Day is approaching: Steer clear of these 5 common errors that can lead to extra expenses
Common Tax Filing Mistakes to Avoid This Season Tax season can be quite overwhelming, and making avoidable mistakes can turn the process from merely stressful into something much worse. As we approach the deadline, it’s crucial to be aware of common pitfalls that might lead to smaller refunds, bigger bills, or even delays in processing […]
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 […]
Many California billionaires move to Florida due to suggested wealth tax
Property managers and local officials in Florida are noticing an increase in California billionaires looking to relocate, primarily due to worries over a potential wealth tax. A new initiative from the Service Employees International Union of Health Care Workers West aims to impose a one-time 5% tax on the net worth of California residents with […]
Californians are concerned that a billionaire tax will lead to businesses relocating, according to a survey.
California Voter Concerns Over Billionaire Tax Proposal A significant number of California voters are apprehensive that a proposed billionaire tax could lead to corporations departing the state. This follows the news that the initiative has not yet garnered the required 25% of signatures to qualify for the ballot. The latest polling indicates that 64% of […]
The ETF Tax Gap That Wall Street Is Taking Advantage Of
Exploring Section 351 for ETF Seedings Imagine holding onto stock in a company for decades. Even if it’s worth millions, your original investment might be quite modest. If you sell, you’re looking at a hefty tax bill from the IRS, which, for many investors, is simply part of the journey to success. However, an increasing […]