Trump’s pledge to eliminate taxes on tips disappoints Las Vegas workers, and experts have called it misleading
Trump’s “No Tax on Tips” Law: A Closer Look There’s a saying about Las Vegas—what happens there, stays there. But when it comes to Donald Trump’s plan for a “no tax on tips,” the implications might reach far beyond the glitzy city itself. On the 2024 campaign trail, Trump promised a “tax-free on tips” initiative, […]
Trump plans to impose import taxes on medications, kitchen cabinets, furniture, and large trucks.
Trump Introduces New Tariffs on Imports On Thursday, President Donald Trump announced that starting October 1, there would be a 100% import tax on drugs, a 50% tax on kitchen cabinets and bathroom vanities, a 30% tax on upholstered furniture, and a 25% tax on heavy trucks. His posts on social media indicated that his […]
Zohran Mamdani restates his push for higher taxes despite Gov. Hochul rejecting the proposal
Zoran Mamdani, the frontrunner for mayor, is pushing hard for increased taxes on businesses and wealthy individuals. “Our plan aims to generate $9 billion, coupled with another $1 billion from potential savings and reforms within the city,” Mamdani stated during a rally in the Bronx alongside Healthcare Union workers in 1199 Seiu. He proposed raising […]
Unexpected new taxes in Washington state leave business owners puzzled
Major Tax Package Shocks Washington Employers Businesses in Washington state are reacting with disbelief to a recently enacted $12 billion tax package that affects a wide array of services, spanning everything from art classes to necessary licensing. As part of this significant tax and fee framework, signed by Governor Ferguson in May, it’s reported to […]
Assembly Speaker Carl Heastie pledges support for Zohran Mamdani in increasing taxes on the wealthy
A wealthy individual from New York is setting his sights on launching a Healthy Retreat. State Assembly Speaker Karl Heaty has committed to advocating for increased taxes on billionaires in New York City, officially backing Zoran Mamdani, the socialist mayoral candidate, this past Wednesday. A prominent Democrat from the Bronx, when probed about his influence […]
Large NYC strip club organization offered lap dances to a state auditor to evade $8 million in taxes, according to the Attorney General.
Strip Club Group Accused of Bribing Auditors A significant strip club organization stands accused of bribing state auditors, allegedly to dodge over $8 million in sales tax owed to New York City over a span of 14 years. Prosecutors unveiled these charges on Tuesday. The New York Attorney General’s office has filed 79 criminal charges […]
What will be the increase in your taxes? St. Paul, Ramsey County, and SPPS are requesting raises.
Homeowners in some of St. Paul’s most economically challenged neighborhoods could see an increase in property taxes ranging from 8% to 16% next year. This rise will depend on the final figures approved in December by the city, county, and school district. In addition to a projected $125 increase in water, sewer, and recycling fees, […]
Liz Weston: It has been 30 years since the rules for taxes and capital gains were updated. Some individuals are still unclear.
Understanding Tax Rules on Home Sales Dear Liz: I thought I had a grasp on the tax implications of selling a home, but now I’m feeling a bit lost. Previously, there were rules allowing profits from home sales to be rolled into the purchase of another home, with a one-time exemption for up to $500,000. […]
Minnesota’s largest newspaper will transfer its printing operations to a nearby state with lower taxes.
Star Tribune Shifts Printing Operations to Iowa The Minnesota Star Tribune has announced the closure of its printing facility in Minneapolis, with plans to move production to Iowa by the end of the year. This decision marks the end of 158 years of newspaper printing in Minnesota, affecting around 125 employees, as confirmed in reports. […]
Barclays CEO claims that increasing bank taxes in the UK is based on simplistic and incorrect reasoning.
Barclays CEO Warns of Job Cuts Amid Tax Increases CS Venkatakrishnan, the CEO of Barclays, has spoken out against the proposed tax increases on UK banks, stating that such measures could lead to job losses and a reduction in lending within the UK economy. He described the rationale behind the proposal as “easy and false […]