A 10 percent tax for airing a TV commercial? That’s pretty low, even for Trump.
On Trump’s Actions and Policies I find myself opposed to many of President Trump’s actions. Not all, though. The recent ceasefire in Gaza, for instance, is a positive step, and I genuinely hope it lasts. But overall, I suppose I have a sort of begrudging admiration for how he consistently performs even lower than my […]
HKFP resolves tax investigation for HK$57k after auditors find an alleged HK$3k deficit, seeks assistance
Hong Kong FP Resolves Tax Audit with Payment Hong Kong Free Press (HKFP) has recently paid HK$57,692 to settle a nearly two-year-long tax audit. According to the audit, there was only an alleged tax shortfall of HK$3,020 found during an investigation covering their accounts from 2021 to 2022. This shortfall was estimated to be about […]
US Chamber of Commerce targets Mexico’s tax agency before USMCA evaluation
U.S. Chamber of Commerce Critiques Mexico’s Judicial Reforms and Tax Practices In a comprehensive letter sent to the Office of the United States Trade Representative (USTR), the U.S. Chamber of Commerce (USCC) has voiced strong concerns regarding Mexico’s judicial reforms. They specifically take issue with the Internal Revenue Service of Mexico, known as SAT, pointing […]
Hochul saved by almost $3 billion in additional New York tax revenue, yet significant deficits are on the horizon
New York Governor Discusses Tax Revenue and Budget Concerns ALBANY – Governor Kathy Hochul is expressing concern about poverty despite a notable tax revenue increase in the first half of the fiscal year, with nearly $3 billion more than anticipated. This growth puts the state on track to gather $259 billion in revenue this fiscal […]
Wealthiest individuals in California may face a ‘Billionaire Tax’ if unions succeed.
California Proposes One-Time 5% Wealth Tax for Wealthy Residents California may impose a one-time 5% tax on the net worth of its richest citizens if a proposed law is successfully passed next year. This initiative, known as the “2026 millionaire tax law,” aims to offset a projected $30 billion reduction in federal funding for California’s […]
The effects of the 2026 Social Security payroll tax cap on your earnings
Changes to Social Security Payroll Taxes Coming in 2026 Starting next year, millions of workers will face new regulations regarding Social Security payroll taxes. The maximum taxable income threshold will increase from $176,100 in 2025 to $184,500 in 2026. This figure, often referred to as the wage base, indicates the income limit that is subject […]
Health insurance costs in Mississippi may rise by 300% without ACA tax credits, official warns.
Mississippi Insurance Commissioner Mike Cheney has cautioned that health insurance premiums might soar over 300%, potentially leaving 200,000 residents without coverage if tax credits tied to the Affordable Care Act aren’t renewed. “The increase in Mississippi could exceed 300 percent. And when you consider the typical earnings here, that’s quite plausible,” Cheney stated. He explained […]
Nigeria plans to impose a 10% tax on rapid investments while advocating for financial transparency supported by the courts.
In the past, short-term bills were exempt from taxes to draw in investors and enhance returns. With the new regulations, investors will now receive a tax credit for the withheld amount, provided this credit doesn’t exceed the final tax, according to the FIRS. “All relevant interest payers must adhere to this directive to avoid penalties […]
GOP tax chair says Argentine beef imports would be harmful to US cattle producers
Rep. Jason Smith, who chairs the House Ways and Means Committee and hails from Missouri, expressed his concerns this week about the Trump administration’s plan to increase imports of beef from Argentina. In a recent discussion with President Trump, Smith pointed out that “buying tariff-free beef from Argentina would be a devastating blow to American […]
Mamdani supports Hochul after crowd shouts ‘Tax the rich!’ at event
Political Dynamics in NYC: Mamdani and Hochul at Forest Hills Rally New York City mayoral candidate Zoran Mamdani spoke in defense of Governor Kathy Hochul after a rally in Forest Hills on Sunday, where her supporters were drowned out by chants demanding “taxes on the rich!” Mamdani’s proposed tax increases on corporations and the wealthiest […]