Senator Justice is said to owe $8 million in unpaid taxes.
The IRS has put two liens on Senator Jim Justice and his wife, Kathy, due to unpaid tax debts that exceed $8 million. This information was initially shared by Politico’s Ry Liburd. Metro News tried to contact Justice through his Senate office and the public relations department at the Greenbrier Resort, owned by the Justice […]
House GOP proposal aims to prevent UN from enforcing global taxes on the US
New Bill Aims to Block UN-Imposed Taxes A new proposal from House Republicans seeks to stop the United Nations from requiring the U.S. to collect taxes that aren’t specifically imposed by American governments. The bill is set to be introduced this week as the UN prepares for a vote on a global tax concerning carbon […]
Three clever year-end strategies to help lower your taxes in retirement
Year-End Tax Planning Opportunities for Retirement Ryan and Tyson Tucker, financial advisors, emphasize that the last quarter of the year offers a significant chance to reduce your tax burden in retirement. The presidents and CEOs of BOSS Retirement Solutions have aided over 50,000 families in optimizing their retirement plans. They advise against overlooking year-end strategies […]
Liz Weston: Looking to prevent taxes on small withdrawals from retirement accounts? Here are several options.
Dear Liz: I’m a bit puzzled about the required minimum distributions from my retirement account. I want to avoid taxes on these withdrawals, but it seems impossible. Can you help clarify this? Answer: If you took a deduction when you contributed to your retirement account, then you’ll have to pay taxes on those distributions. As […]
Italy believes its banks can manage increases in budget taxes.
Italy’s Planned Tax Increases on Financial Sector ROME – Prime Minister Giorgia Meloni reassured the public on Friday that the increased taxes on banks and insurance companies, outlined in the government’s 2026 budget, wouldn’t negatively impact the economy or stir unrest within the financial sector. As part of the budget plan for 2026-2028, banks and […]
Companies and labor groups clash over plan to increase taxes on offshore corporate earnings.
Crowd Gathers for Global Intangible Low-Tax Income Taxation Discussion It’s quite unusual to see such a significant crowd showing interest in the complex issue of taxing “global intangible low-tax income” (GILTI). Yet, the organization Raise Up has made it a key focus of their political agenda. A coalition made up of labor unions and progressive […]
Billionaire Ken Griffin states that Citadel’s move from Chicago was ‘not difficult,’ pointing to crime and taxes.
Ken Griffin’s Hedge Fund Cuts Chicago Presence Billionaire Ken Griffin announced that his hedge fund’s operations in Chicago will be reduced to just two floors. This shift comes as rising crime, high taxes, and other difficulties push employees to move to Miami and New York. “Sadly, for the past six or seven years, Chicago has […]
Pound Sterling weakens as UK Reeves expected to increase taxes again
The British pound (GBP) attempted to rebound against the US dollar (USD) during European trading on Friday, following a dip to a two-month low near 1.3280 earlier in the day. The outlook for GBP/USD appears precarious, as interest in safe-haven currencies rises amid political instability in Japan and France, paired with a consistent upward trend […]
Michigan to suspend taxes on tips, overtime, and Social Security for three years
Michigan will eliminate the 4.25% income tax on earnings from tips, overtime, and Social Security, thanks to a new law signed by Governor Gretchen Whitmer. This exemption is set to last until the end of 2028, unless further legislative action is taken. The tax reductions were part of a bipartisan agreement aimed at boosting the […]
Trade Taxes Have Created Global Harmony
Trump Discusses Tariffs and Peace Agreements During a conversation with Sean Hannity on Fox News Channel, President Trump remarked on the impact of tariff policies in relation to the recent peace agreement in the Middle East. He explained that economic pressures have compelled various global actors to cease hostilities. Host Sean Hannity put forward, “Mr. […]