Wealthy tax writer suggests California law might be lasting
California’s Proposed Billionaire Tax Sparks Debate This week, the main proponent of California’s contested billionaire tax made an interesting admission: the proposed one-time tax could turn into something more permanent. Economics professor Emmanuel Saez confirmed this during a debate at the University of California, Berkeley, against Arthur Laffer, who is well-known for promoting trickle-down economics. […]
What people are overlooking about Mamdani’s proposal to tax Ken Griffin’s $238 million penthouse
New York City Introduces Pied-à-Terre Tax New York City Mayor Zoran Mamdani made a noteworthy appearance outside an upscale Manhattan skyscraper, where he revealed his plan to impose taxes on the wealthy during Tax Day. This luxury building, situated just south of Central Park and costing $1.5 billion to construct, served as the backdrop for […]
Mamdani Reaffirms NYC ‘Tax the Rich’ Initiative
Mayor Mamdani Stands Firm on Taxing the Wealthy Amid Hedge Fund CEO’s Concerns New York City’s Mayor Zoran Mamdani reaffirmed his commitment to taxing the wealthy, following hedge fund CEO Ken Griffin’s remarks about possibly investing in Miami instead. During a press conference on Wednesday, reporters inquired about Mamdani’s discussions with Griffin, especially after the […]
Rep. Gottheimer advocates for a tax credit bill promoting ‘Jersey Pride’ to compete with ‘I Love NY’
New Jersey Lawmaker Proposes Bill for “Jersey Pride” Campaign U.S. Representative Josh Gottheimer (D-NJ) introduced a new bill aimed at replacing the popular “I Love NY” tourism branding with “Jersey Pride.” He made this announcement on Wednesday. The proposed legislation would offer a 25% tax credit for businesses selling New Jersey-branded products in airports, train […]
Crypto PAC starts campaign against billionaire tax proposal
California Gubernatorial Debate and Proposed Billionaire Tax During the gubernatorial debate in California on Tuesday night, voters will not only choose their preferred candidate for governor but also weigh in on a contentious billionaire tax proposal. A political action committee that’s backed by cryptocurrency billionaire Chris Larsen plans to launch an advertisement opposing the tax […]
TV show ‘Tracker’ receives $48M in California tax incentive
CBS Drama Moves Production to California One of TV’s standout series has officially made its move to California. Tracker, the CBS drama fronted by Justin Hartley, has been a ratings titan since it premiered in 2024. Now, as it gears up for its fourth season, production is shifting from Vancouver to Los Angeles, aided by […]
Spanberger Suggests Virginia Might Tax Gym Memberships and Streaming Services
Virginia Governor Abigail Spanberger has indicated a willingness to consider taxing services like streaming and gym memberships, suggesting that if the proposals are reasonable and logical, they should be explored. During an interview with ABC8 News reporter Tyler Englander, Spanberger was asked about her potential response if such a bill came across her desk in […]
Foreclosures in the US reach a 6-year peak due to increasing insurance and property tax expenses.
Rising Foreclosures and Mortgage Costs in the U.S. Housing Market Foreclosures in the U.S. hit their highest level in six years during the first quarter of this year, primarily due to mounting pressures from rising insurance premiums and property tax bills. This surge has raised concerns among homeowners. According to recent data from Atom, the […]
Seattle Mayor Katie Wilson criticized for her tax comments
The Washington Post Editorial Board recently criticized Seattle’s socialist mayor, Katie Wilson, for her remarks regarding the departure of wealthy residents and taxpayers’ frustration with rising interest rates. Shortly after winning the mayoral election in November, Wilson joined Starbucks workers on the picket line, pledging to boycott the company until union demands were met. The […]
Grieving a partner is challenging, and US tax regulations make it even tougher.
Updated May 2, 2026, 8:39 PM ET Grieving the loss of a partner is challenging, and tax season can add another layer of distress. Surviving spouses might be taken aback to discover that their tax obligations have risen sharply, despite a lower income due to what’s known as the “widow penalty” in tax regulations. This […]