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Companies Reap Cash Savings From Trump’s New Tax Law – WSJ – The Wall Street Journal
Companies Reap Cash Savings From Trump’s New Tax Law – WSJ The Wall Street Journal New Trump Tax Bill: Five Changes Homeowners Need to Know Now Kiplinger How the One Big Beautiful Bill Act shapes financial planning for every generation NOLA.com The One Big Beautiful Bill Act’s Impact on Employee Benefits Lexology Which Mississippi counties will save the most in taxes under Trump tax …
Read More »Trump plans a hefty tax on imported drugs, risking higher prices and shortages
WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum. But he isn’t done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war. For decades, in fact, imported medicine has mostly …
Read More »Taylor Swift’s Rhode Island Mansion May Soon Cost Her $337K a Year — Thanks to the New ‘Taylor Swift Tax’
Taylor Swift’s Rhode Island beach house has hosted everything from her famous Fourth of July parties to quiet renovations that sparked fan theories about her future with Travis Kelce. (Earlier this summer, she skipped Watch Hill entirely for a half-million-dollar getaway at Montana’s Yellowstone Club.) But now her shuttered “Holiday House” is back in headlines for a different reason: Rhode …
Read More »‘Taylor Swift Tax’ on high-end vacation homes spreads to more states
Taylor Swift attends the 67th GRAMMY Awards on February 02, 2025 in Los Angeles, California. Frazer Harrison | Getty Images Entertainment | Getty Images A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A new push by states …
Read More »Even as the $7,500 tax credit ends?
Cadillac is back and selling a surprising number of electric vehicles in the US. With a full lineup of electric SUVs, Cadillac now claims to be the leading luxury EV brand in the US. Can it keep it up even after the $7,500 federal tax credit expires? After launching seven new electric vehicles this year, GM claimed that Cadillac became …
Read More »Billionaires pay a lower tax rate than the rest of America’s taxpayers, new study finds
The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The individuals who make up the Forbes 400 list, topped by Tesla CEO Elon Musk with a fortune of $244 billion, paid an average effective tax rate of …
Read More »Poland presses ahead with 3 percent digital tax despite Trump threat – POLITICO
Digital taxes are “designed to harm, or discriminate against, American Technology,” Trump said in a post on his social network, Truth Social. However, the ministry said in the remarks, the Polish digital tax would not be “aimed at entities from any specific country.” “It is intended to apply to all relevant market participants.” As it stands, Warsaw intends to introduce …
Read More »IRS gives a little more time for electric car buyers to secure the $7,500 tax credit
The IRS has updated the terms of the phase-out of the federal tax credit for electric vehicles to give buyers a little more time to secure the $7,500 tax credit. Trump’s ‘Big Beautiful Bill’ set a deadline of September 30th to end the $7,500 tax credit for new electric vehicles and the $4,000 credit for used ones. It looked clear …
Read More »Democrats are nixing about $150M in tax breaks to address Colorado’s $750M budget hole. They could be doing more.
As Democratic state lawmakers last week briefed their colleagues on measures ending or cinching tax loopholes and breaks as part of an effort to plug a roughly $750 million hole in the state budget, they kept repeating a variation of the same line: We could be doing more. “This is not good tax policy,” state Rep. Emily Sirota, D-Denver, told …
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