States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel – Yahoo Finance
NEW YORK (AP) — States are hoping to reap more revenue from the $16 billion online sports betting industry that is expanding across the country in partnerships with major companies. DraftKings, FanDuel and other gambling apps face a larger tax burden in Illinois due to tax changes this year. New Jersey, Massachusetts and other states […]
Trump promises to ELIMINATE taxes on tips
Donald Trump’s first rally in Las Vegas, Nevada since his New York City conviction for hush money charges was predictably eventful. Not only were six people rushed to hospital after being exposed to extreme heat in support of the former president, but he also harshly criticized Joe Biden’s disastrous immigration policies and proposed eliminating the […]
Paul Ryan: 'Death, taxes and weird stuff from Donald Trump' are life's sure things
Former House Speaker Paul Ryan (R-Wis.) said Tuesday that “bizarre behavior from Donald Trump” is one of the things that is sure to happen in his lifetime. Ryan said last month that he did not support former President Trump, who later called Ryan a “loser” and called for him to be removed from the Fox […]
Biden's capital gains taxes would boost economic equality: Analysis
An evaluation of the Biden administration’s tax proposal to increase capital gains taxes finds that it could reduce wealth inequality without hurting economic growth. of Studying at American University They examined Biden’s proposed budget, which would raise tax rates on dividends and capital gains from 20% to 39.6%, and concluded that the tax hike would […]
Trump proposes ending taxes on tips
Former President Trump said Sunday that if re-elected, he would repeal the tip tax as “the first thing” he would do when he takes office, marking his latest effort to appeal to service industry voters. “Hotel workers and people who get tips are going to be very happy because when I’m in office, there’s no […]
‘When I Get to Office, We Are Going to Not Charge Taxes on Tips’
Former President Donald Trump promised that his administration would repeal the tip tax if elected in November. Trump at a rally in Las Vegas, Nevada on Sunday Said He claims his administration would not tax tips from people working in hotels, restaurants and other professions. “So this is the first time I’ve ever said this, […]
BRAD WEISENSTEIN: Illinois Shows Americans How Bad Taxes Can Get
Hope in Illinois is sort of like one of those trick birthday candles: just when you think it’s been extinguished, it sparks and comes alive again and again. That was certainly the feeling as the Illinois General Assembly finished with the fiscal year 2025 budget. Hope. Dead. Hope. Dead. Hope. Dead. Gov. J.B. Pritzker in […]
Biden’s IRS is using scare taxes to discourage legitimate tax strategies
IRS (Internal Revenue Service) Continues to issue press releases containing selective or misleading data It casts a long shadow of doubt on a perfectly legal tax-cutting strategy: Why would the IRS continue to do it? The IRS’s intention is clear: to scare taxpayers, especially high-income taxpayers, into paying more tax than they need to. Don’t […]
We live in America, pay your taxes, Hunter Biden: Rebecca Rose Woodland
NY trial attorney Rebecca Rose Woodland joins ‘Cavuto Live’ to discuss Hunter Biden’s gun trial set to start on June 3, while his … source
More Americans will be able to file their taxes for free through the IRS next year – CNBC
“The Treasury Department and the IRS look forward to working with states to expand direct tax return filing to Americans across the country,” Treasury Secretary Janet Yellen said in a statement. In 2024, filers in 12 states who have “simple” tax situations, such as making less than $200,000 a year from W-2 income alone, Try […]