Tag Archives: taxes
Biden to Propose Taxing America’s Wealthiest, 25%
US President Joe Biden will make a call to Congress to impose a minimum tax on billionaires as part of several proposed tax hikes on the country’s wealthiest individuals and corporations. The minimum tax imposed would be 25%. The proposed … Continue reading
NY Lawmakers Seek Changes to Cannabis Tax
Two Key lawmakers in the state Legislature are calling to make changes to the way New York taxes cannabis, as the state plans for the launch of this new market this year. Assembly Majority Leader Crystal Peoples-Stokes and state Sen. … Continue reading
Wealthy New Yorkers Are Leaving the City in Bunches, Here’s Where They’re Going
New Yorkers earning between $150,000 and $750,000 fell by almost 6% between 2019 and 2020, according to the NYC Independent Budget Office. The number of real high earners ($750,000+ per year) dropped by nearly 10% in that time. The speculations … Continue reading
Supreme Court Seems Likely to “Dismantle” Student Loan Forgiveness Plan
Earlier this year, President Biden announced his plan to cancel up to $20,000 in federal student loan debt for qualified students. This was a monumental decision because of the millions of people across the country who suffer from over $1.6 … Continue reading
You Can Still Reduce Your 2022 Tax Bill with Some Last-Minute Moves
It’s not too late to reduce your 2022 tax bill. While the deadline for most tax-saving moves has passed, there are still a few things you can do to lower your tax burden before the end of the year. Here … Continue reading
FTX Co-Founder Arrested in Bahamas – Accused of Fraud By SEC
Sam Bankman Fried (also known as SBF) has recently been accused by the SEC of conducting fraud against his investors during a multi-year period. The Securities and Exchange Commission went further to say that the reason SBF conducted this scheme … Continue reading
NY Lawmakers Look to Incentivize School Employees to Ease a Shortage
New York state legislators are considering a proposal to offer a tax incentive to school employees as a way to address the ongoing shortage of educators in the state. The measure, which was introduced in the state Assembly would provide … Continue reading
Waiting on a Tax Refund? IRS Will Now Pay You Interest
Currently, millions of Americans across the country are still awaiting their tax returns from the 2022 filing season. However, the longer taxpayers are left waiting, the more money they might see in their pockets when they do receive the refund. … Continue reading
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
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