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Tag Archives: dsjcpa

Home Equity Line of Credit (HELOC) – Basic Breakdown

A home equity line of credit, or HELOC, is a second mortgage on your home that gives you access to cash based on the value. A HELOC is typically used for larger expenses or to consolidate higher-interest-rate debt on other … Continue reading

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Lawmakers in New York Seeking Gas Tax Holiday Extension

Over the summer, New York Governor Kathy Hochul and state lawmakers agreed to a suspension of New York State’s gas tax amid the rapidly increasing prices. This holiday saved residents about 17 cents per gallon at the time. However, with … Continue reading

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Report: New York Has Largest Income Gap in the Country

The Institute on Taxation and Economic Policy released a report this month that the state of New York is home to the highest concentration of wealth, and has the largest gap between rich and poor in the United States. The … Continue reading

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Global Corporate Tax Rates Stabilizing – Faced Decades of Decline

According to a recent report that was released by the Organization for Economic Co-operation and Development (OECD), Corporate tax rates are beginning to stabilize after decades of being on the decline.  For years upon years, we have seen governments … Continue reading

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IRS Amping Up Its Battle Against Tax Cheats

Wealthy Americans who choose to cheat on their taxes are facing the biggest threat from the IRS that they have seen in years. In recent weeks, we have seen increased efforts by certain members of Congress to put a stop … Continue reading

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Behind the FTX Collapse, U.S Prosecutors Taking Aim

FTX is an online trading company that allows you to buy, sell, and store Bitcoin, Ethereum, and many other cryptocurrencies and digital assets. The company’s offshore status and its willingness to keep American traders off its Bahama-based exchange successfully shielded … Continue reading

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Crypto Crash; Investors May Need to Act Fast to Reduce Tax Bill

It has been a bad week for cryptocurrencies following the collapse of the offshore exchange FTX. The recent decline in bitcoin in 2022 must-have caused many crypto investors to give up on digital assets, at least for the time being. … Continue reading

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Inflation Calming Down – October Numbers Better Than Anticipated

According to a report that was released earlier in November, the Consumer Price Index had a total rise of 7.7% for the year ending in October. This may be a relieving sign for Americans that have been suffering the consequences … Continue reading

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Didn’t Receive the 2022 New York Stimulus Check? Here’s Why

Almost 2 million New York residents were eligible for a relief check from the state’s Department of Taxation and Finance in October, however, many residents are still waiting for their checks. The state began mailing the $270 checks on October … Continue reading

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Tax the Rich Movement – Fails in California But Passes in Massachusetts

A measure was recently voted through in Massachusetts that is ultimately a measure that raises taxes on the States’ millionaires. There was an intense duel between the state’s unions and wealthy individuals, but the measure to raise the taxes on … Continue reading

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