Do Americans Really Want Higher Taxes?
Democrats should be wary of reading too much into the polling. Source link
Tag
Taxes
How to report crypto on your taxes
When crypto first gained prominence more than 15 years ago, one of the big selling points of the currency was its lack of ties to any specific government. Unlike fiat currency,…
Silicon Valley Billionaires Panic Over California’s Proposed Wealth Tax
Did California lose Larry Page? The Google and Alphabet cofounder, who left day-to-day operations in 2019, has seen his net worth soar in the years since—from around $50 billion at the…
Trump says tariffs can eventually replace federal income taxes. Experts disagree
President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income…
Variety’s Business Managers Elite 2025: Meet the Money Minders for A-listers From Awkwafina and Joe Rogan to Kevin Costner and Zendaya
Business managers like to say they’re the chief financial officers of their clients’ lives. In many ways, they’re like consigliere Tom Hagen (Robert Duvall) in “The Godfather,” doling out…
Christoph Niemann’s “Market Shift”
For the cover of the October 27, 2025, Money Issue, the artist Christoph Niemann set out to visualize how the preposterously rich pay a disproportionately small share of taxes. In…
Do you still need to pay taxes during a government shutdown?
If you are one of the millions of Americans who filed for an extension on your federal tax return back in April, you might be wondering if you still need to pay your taxes by October 15…
Republicans Should Pass a Reconciliation Bill Sequel
The fiscal, political, and moral case for another round of tax reform. Source link
A Tax Law for Manufacturers, but a Trade Policy Against Them
While the OBBBA tries to buoy manufacturing, President Trump’s tariffs are an anvil dragging the sector down. Source link
The Trump IRS and the GOP Congress Should Make Taxes Easy Again
There’s plenty that new IRS Commissioner Billy Long can do to make the tax system easier for people to manage. Source link
Brazil pledges retaliatory tariffs on the U.S. if Trump imposes 50% import taxes
Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost…
Why It’s Smart to Raise Taxes on Private-School Endowments
Progressive higher-ed behemoths will survive just fine without preferential tax rates. Source link
Citigroup’s rich clients divert from US to UK despite higher taxes
Some of Citigroup’s wealthy clients are souring on the US and instead looking at the UK, even as Britain hikes taxes on its rich residents, according to one of the bank’s top executives.…
Small-business owners, here’s how Trump’s ‘Big Beautiful Bill’ could impact your taxes: SALT deduction work-around axed
As the Senate debates President Donald Trump’s giant tax bill, the One Big Beautiful Bill Act, which includes trillions of dollars in tax breaks, some small-business owners are worried…
Don’t Increase Taxes and Crowd Out Civil Society
Institutions of civil society should not become the newest source of revenue for a Congress unwilling to confront its spending problem. Source link
Florida Gov. DeSantis tries to roll back property taxes as homeowners grapple with rising tax bill
Gov. Ron DeSantis is leading the charge in the Sunshine State to lower and eventually get rid of the dreaded property tax, which for many homeowners has added the equivalent of a second…
House Speaker Mike Johnson warns Senate against changing cap on state and local taxes
House Speaker Mike Johnson is urging Senate Republicans not to make dramatic modifications to the proposed increase in the federal deduction for state and local taxes in President Trump's…
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of…
Trump's 'big, beautiful' reconciliation bill could leave top earners paying higher taxes
The chair of the House Ways and Means Committee on Sunday refused to rule out allowing tax rates to increase on wealthy Americans to help offset the costs of tax cuts for the working class…
Republicans considering big boost to cap on federal deduction for state and local taxes
House Republicans are discussing a significant increase to the $10,000 cap on the federal tax deduction for state and local taxes in a bid to keep blue state GOP lawmakers on board with a…
What happens if I don’t file my taxes? Don’t let DOGE cuts tempt you into believing the IRS is toothless
It’s fair to assume that most of us can relate to the famous saying, “in this world, nothing is certain except death and taxes.” This is just the second half of one of Benjamin Franklin’s…
US firms pay over $1 billion in taxes to Russia Amid Ongoing Ukraine war
U.S. companies that have continued to do business in Russia have contributed more than $1 billion in tax revenue to Kremlin, Newsweek has learned. American firms in Russia paid the country…
Five common tax deductions to claim on 2024 tax returns
Tax deductions can impact your taxable income, reduce your overall tax liability and potentially increase your refund. Why It Matters Tax deductions are specific expenses that the IRS…
Supreme Court may free Catholic charities from paying state unemployment taxes for their employees
WASHINGTON — The Supreme Court voted Friday to hear a potentially far-reaching claim of religious freedom and decide whether church-sponsored charities, programs and businesses may refuse…