Workers in California and New York are frustrated by their states’ choice to oppose the ‘No Tax on Tips’ rule established by the Trump administration.
California and New York Reject Federal Tip Tax Exemption States like California and New York, led by Democratic governance, are reportedly not adhering to the federal “tip tax exemption” introduced by the Trump administration earlier this year. This situation leaves tipped workers still obligated to pay state income taxes on their tips, regardless of the […]
California acknowledges that the ‘billionaire tax’ would harm state revenues as supporters are permitted to collect signatures.
Supporters of California’s contentious wealth tax argue it could generate tens of billions. However, Attorney General Rob Bonta is cautioning voters about the potential long-term financial fallout, which might be counterproductive. For the wealth tax measure to make it onto the November ballot, it first needs to gather enough signatures. Bonta explained that while the […]
Marjorie Taylor Greene supports a 2026 tax uprising: ‘so tired’
Greene Advocates for 2026 Tax Revolt, Questions Trump’s Commitment to America First Rep. Marjorie Taylor Greene, the controversial lawmaker, has intensified her call for a tax revolt in 2026, expressing frustration over President Trump’s perceived departure from his “America First” principles. During a recent appearance on the X Show, Greene (R-Ga.) pointed out that many […]
Peter Thiel establishes Miami office as California billionaires criticize wealth tax
Peter Thiel’s Move Amid California’s Proposed Wealth Tax Billionaire Peter Thiel is taking significant steps in response to California’s proposed wealth tax, which has sparked concern among the state’s richest residents. Thiel’s investment firm, Teal Capital, is getting ready to open a new office in Miami, following reports of his frustration over a potential 5% […]
Trump’s tax law may allow millions of Americans to pay no federal income tax. Who is eligible and how to access it in 2026.
Trump’s Tax Changes and Their Impact on Americans President Donald Trump’s recent tax legislation aims to lessen the tax burden for a significant portion of the U.S. population. According to projections from the Tax Policy Center, around 40% of American households could face a federal income tax bill of $0 by 2025. Interestingly, this same […]
Babies will receive their $1,000 ‘Trump accounts’ in 2026, along with tax challenges.
Newborns might be eager for the new Trump account launching in the coming year, but experts caution that it could create tax complications for those looking to contribute—parents, grandparents, friends, and more. The Trump Account is a savings initiative aimed at helping families accumulate wealth for various future expenses. Starting in July, every child born […]
Families confront difficult decisions as Affordable Care Act tax credits end.
Impact of Expiring Health Insurance Tax Credit in Colorado DENVER — A significant tax credit that has assisted many Coloradans in obtaining health insurance is set to expire on Wednesday, as Congress chose not to renew it. This decision poses a challenge for numerous residents, who may now experience steep increases in their insurance premiums. […]
Bill Ackerman cautions that California’s wealth tax would be disastrous.
Billionaire Hedge Fund Manager Warns of Potential Exodus from Silicon Valley Silicon Valley, often regarded as the heart of global innovation and home to many top tech firms, might face a significant downturn, according to billionaire hedge fund manager Bill Ackman. Ackman expressed concern to the Post, stating, “It would be devastating for California. All […]
Upcoming tax changes in 2026: What you should be aware of before the year’s end
Several significant tax changes are coming that may affect your earnings in 2025 and even your long-term financial plans. With the new provisions of the One Big Beautiful Bill Act (OBBBA) set to kick in, and important deadlines approaching, it’s really a good idea to get a grasp on what’s shifting and how to leverage […]
California servers are frustrated over the state’s rejection of a ‘no tax on tips’ policy.
California, a blue state, has decided against adopting President Trump’s “tipping tax exemption.” However, many servers and bartenders in the state don’t seem to support this decision. “Without taxes, I’d see more money in my pocket,” remarked Alex Frost, a bartender at Baja Cantina in Marina del Rey. He expressed his confusion about the reasoning […]