New York and New Jersey have lost almost $700 billion from their tax base since 2013, according to a report.
Tax Revenue Losses in New York and New Jersey Ed Ra, a lawmaker from New York and the ranking member of the Assembly Ways and Means Committee, is contemplating the future of Mayor-elect Zoran Mamdani’s tax initiative. A recent analysis indicates that New York and New Jersey have faced significant losses in tax revenue, amounting […]
Billionaires are offering Bitcoin ETFs to achieve significant tax advantages, according to an analyst
Bitcoin whales are starting to sell off their holdings as they look to reinvest in exchange-traded funds (ETFs) that come with significant tax advantages, according to Martin Hiesboec, who heads research at Uphold, a cloud-based financial services platform. In a recent post on X, Hiesboec explained why long-term crypto holders are opting to sell. The […]
Climate lawsuit may serve as a hidden ‘carbon tax,’ according to attorney
Climate Change Lawsuit Draws Attention and Controversy A significant climate change lawsuit, potentially heading to the Supreme Court, is being labeled by some as a covert “carbon tax.” This assertion came from a climate change lawyer involved in the case during a recent legal discussion. O.H. Skinner, the executive director of the Alliance for Consumers, […]
Tesla shifts to rentals as sales decline in the US after EV tax credit ends
Tesla is shifting its strategy, moving from car sales to rentals as demand in the U.S. has significantly dropped. They’re now rolling out short-term rental options at their locations amid rising inventory levels. The new service started quietly in early November at stores in San Diego and Costa Mesa, California. This shift comes after Tesla’s […]
Trump reinforces $2K tariff payments, while Bessent warns that ‘dividend’ may translate to tax reductions.
Trump Pushes for $2,000 Tariff Refunds Despite Treasury Secretary’s Concerns President Trump has reiterated his call for sending $2,000 tariff refund checks to Americans, despite Treasury Secretary Scott Bessent seemingly dampening enthusiasm for the proposal. In a post on Truth Social this past Sunday, Trump declared that the funds generated from tariffs would help provide […]
What Diners Should Know About the ‘No Tax On Tips’ Rule Coming to Restaurants
A provision in President Trump’s One Big Beautiful Bill Act allows some workers, including restaurant staff, to deduct up to $25,000 annually in “qualified tips.” This change will affect those employees from 2025 to 2028, introducing updates to existing practices in many restaurants. One significant alteration involves mandatory tips—often seen on checks for larger groups—that […]
Bitcoin veterans cash out to take advantage of ETFs’ significant tax benefits, according to an analyst.
Long-term Bitcoin Holders Shifting Strategies Dr. Martin Heasboek, who leads research at the cloud-based financial service Uphold, mentioned that seasoned Bitcoin holders might be selling off their assets to invest in exchange-traded funds (ETFs) or to diversify their cryptocurrency portfolios. “There are a bunch of reasons why long-time crypto enthusiasts are cashing out,” Heasboek commented […]
Trump grants clemency to baseball icon and former ‘Celebrity Apprentice’ contestant for decades-old tax fraud allegations
President Trump has issued a second pardon to a participant from the well-known series “Celebrity Apprentice” during his current term. In February, he commuted the 14-year sentence of former Illinois Governor Rod Blagojevich, who is a Democrat, and granted him a pardon. Fast forward to 2020, and the latest pardon addresses a different case involving […]
Trump’s proposal for ‘no tax on tips’ may eliminate large-group service charges on restaurant bills.
Restaurants Reassess Tip Policies Due to New Tax Law Restaurants might need to rethink their mandatory tipping practices to ensure that their employees can benefit from a new tax law. This law, part of President Trump’s One Big Beautiful Bill Act, introduces a “tip tax exemption” that allows certain workers to deduct up to $25,000 […]
Socorro ISD workers deal with rising health insurance expenses following unsuccessful tax proposal
Health Insurance Premiums Rise for SISD Employees Following Failed Proposal Employees of the Socorro Independent School District will face increased health insurance premiums and decreased take-home pay after voters recently turned down a tax proposal that could have provided the district with up to $49.2 million. The district had intended to use $5 million from […]