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Mamdani Gains New Support in Effort to Impose High Taxes on New York City’s Wealthy

Mamdani Gains New Support in Effort to Impose High Taxes on New York City's Wealthy

Tax Increases Proposed by NYC Mayor Amid State’s Budget Talks New York City’s Mayor, Zoran Mamdani, is pushing for tax increases, which seem likely to happen despite Governor Kathy Hochul’s earlier promises not to raise taxes. On Monday night, the Democratic-controlled New York State Assembly shared a budget proposal that includes several measures championed by […]

Merrill Kelly rejected Padres contract because of California taxes

Merrill Kelly rejected Padres contract because of California taxes

Merrill Kelly Chooses Diamondbacks Over Padres Due to Tax Considerations Merrill Kelly faced a dilemma this offseason as he considered his options in Major League Baseball. The experienced pitcher found himself weighing the value of two contract offers, and interestingly, he found that sometimes, in the eyes of California tax law, 2 could be greater […]

Is Illinois overly dependent on property taxes? Exploring possible solutions

Is Illinois overly dependent on property taxes? Exploring possible solutions

Property Tax Concerns in Illinois Homeowners receive property tax bills twice a year, and it’s becoming a significant concern. The NBC 5 Responds team has found several issues within the local tax system. Rather than just highlight these problems, they aim to explore possible solutions. What changes could be made? According to Kotality data, Illinois […]

California’s high taxes and cost of living issues impact six-figure incomes

California's high taxes and cost of living issues impact six-figure incomes

California Struggles with $100K Salaries In places like San Francisco and Oakland, a salary of $100,000 doesn’t stretch as far as one might think. Rising housing expenses and high taxes are seriously affecting the purchasing power of Californians. According to a recent analysis by ConsumerAffairs, these two cities ranked at the very bottom among the […]

No taxes on overtime: Understanding how the new deduction functions

No taxes on overtime: Understanding how the new deduction functions

Understanding the Overtime Pay Tax Deduction It’s pretty interesting that overtime pay is not taxed in the same way, but what does that really mean for you? The recent tax cut doesn’t completely remove taxes on overtime pay, but if you qualify, it could put a little more money in your pocket. The One Big […]

Abigail Spanberger Advocates for ‘Affordability’ in Response to Trump’s State of the Union, Even While Overseeing High Taxes

Abigail Spanberger Advocates for ‘Affordability’ in Response to Trump’s State of the Union, Even While Overseeing High Taxes

Virginia Governor Critiques Trump Over Living Costs Amid Tax Increases Virginia Governor Abigail Spanberger recently criticized President Donald Trump regarding the rising cost of living, despite leading a state party that has proposed nearly 50 new taxes in recent weeks. Delivering her party’s response to Trump’s State of the Union address for 2026, Spanberger described […]