Elon Musk’s attorney advises Gavin Newsom to eliminate the billionaire tax.
Elon Musk’s Lawyer Critiques Proposed California Wealth Tax Elon Musk’s attorney, Alex Spiro, has joined the ranks of billionaires voicing concerns about a potential wealth tax in California. He’s urging Governor Gavin Newsom to reconsider the proposal, fearing it could drive wealthy residents away from the state. In a letter dated December 11, Spiro argued […]
Upcoming tax changes in 2026: What to understand before the end of the year
Several significant tax changes are expected to affect your earnings and financial plans for 2025. With new provisions from the One Big Beautiful Bill Act (OBBBA) set to take effect and important deadlines approaching, it’s crucial to grasp what’s altering and how these changes could work in your favor. Key Tax Changes to Be Aware […]
Tech Founders Criticize Suggested California Wealth Tax, Caution About Possible Departure
A proposed wealth tax in California targeting billionaires has drawn significant backlash from tech leaders in the state. Some, like Palmer Lackey, a notable conservative entrepreneur, fear the consequences if the tax goes into effect, stating, “One market correction, one nationalization event, one divestment ban (which can happen during wartime) and I’m in big trouble […]
Fewer than 48 hours remain in 2025. Use this time to reduce your tax burden.
December 30, 2025, 12:34 PM ET Tax Reduction for 2 Days Only If you haven’t already thought about maximizing your tax savings for 2025, there might still be a window—albeit a narrow one. I mean, you’ve got less than 48 hours left to make the most of these opportunities. One good tip: thanks to the […]
Importance of making a January property tax payment for Nevada property owners
As January nears, officials in Carson City are reminding local homeowners that the deadline for property tax payments—set by Nevada law—is just around the corner. The Treasurer’s Office in Carson City has announced that the third installment of this year’s property taxes must be paid by Monday, January 5, 2026. The property tax year spans […]
IRS raises the business mileage tax deduction rate by 2.5 cents for 2026
Wall Street Predictions and Mileage Tax Deductions The Big Money Show panel will delve into Wall Street’s ambitious forecasts for 2026, exploring how the AI boom might alter the economic landscape and the potential market rally driven by President Donald Trump’s policies. In an update from the Internal Revenue Service (IRS), those who rely on […]
Kosciusko County Auditor Provides Information on Tax Deductions, Exemptions, and Credits
news release WARSAW – Kosciuszko County Auditor Alyssa Schumacher wants to update taxpayers on some changes to deductions, exemptions, and credits that were recently approved by the Indiana General Assembly. This change affects property taxes for 2026, which will be paid in 2025, and adjustments will be made over the next five years. Given the […]
Larry Page considers leaving California due to the millionaire tax.
California’s Wealthy Consider Leaving Over Potential Tax Reports indicate that Google co-founder Larry Page is planning to leave California in light of a proposed billionaire tax aimed at ultra-wealthy residents eager to protect their assets. Page, alongside venture capitalist Peter Thiel, is among several billionaires seeking to distance themselves from the state. This is largely […]
2026 tax brackets established by the IRS. Here’s what we understand.
The Internal Revenue Service has revealed the updated tax brackets for the 2026 tax year, alongside modifications to the standard deduction and various credits, including the earned income tax credit and inheritance tax credit. This update will come into effect for taxpayers when they file their 2027 returns. What does the new tax structure look […]
Tech and Crypto Billionaires Caution About a Move from California Due to Proposed 5% ‘Unrealized Gains’ Wealth Tax
Concerns Over California’s 2026 Millionaire Tax Bill Key players in the tech and cryptocurrency sectors are raising concerns about a proposed millionaire tax in California set for 2026. This ballot initiative seeks to impose a one-time 5% tax on net worth exceeding $1 billion, including unrealized gains from assets, aimed at funding state services. Critics […]