Tag Archives: Taxes

Topline The Powerball lottery jackpot climbed to $750 million—the tenth-largest prize in the lottery’s history—after no winning tickets were sold in the latest drawing, but an eventual winner would take home substantially less after taxes. The $750 million jackpot is one of the largest in the lottery’s history. Los Angeles Times via Getty Images Key Facts No tickets were sold …

Topline The Powerball jackpot reached a new high for the year, rising to $605 million after Saturday’s drawing produced no winners—but a lucky winner would take home much less after accounting for taxes. The next Powerball drawing will take place Monday night. AFP via Getty Images Key Facts No tickets were sold matching all of Saturday’s winning numbers (23, 40, …

Kayla Bartkowski/Getty Images From an economic standpoint, it makes sense for the federal government to grant eye-watering contracts to stimulate the economy because the eventual returns as tax revenue will dwarf the initial investment. However, that argument is moot if the taxes aren’t collected on the other side. SpaceX has paid little …

Since its founding in 2002, Elon Musk’s SpaceX has emerged as the leading force in commercial spaceflight and a key launch provider for the U.S. government. A recent investigation suggests its dominance may stem—at least in part—from two decades of federal tax avoidance. Internal company documents reviewed exclusively by The New York Times show that SpaceX can exploit net operating …

Topline The Powerball jackpot soared to $501 million after no winners were drawn Saturday, but a lucky winner will face federal and state taxes on their winnings. Winners can choose between receiving $501 million in annualized installments, or a lump sum of $229.5 million. AFP via Getty Images Key Facts No tickets were sold matching Saturday’s numbers (7, 14, 23, …

Dozens of countries face higher taxes on their exports to the US now that Donald Trump’s latest wave of country-specific tariffs has come into force. The sweeping “reciprocal” levies announced by the White House a week ago – just before a previous 1 August deadline was due to elapse – were in place as of a minute past midnight Washington …

Topline The Powerball jackpot ticked up to $426 million after no winners were drawn Saturday night, but a lucky winner or winners would take home substantially less after paying federal and state taxes on their winnings. Winners from Monday’s upcoming drawing could get either $426 million in installments or a lump sum of $193.5 million, but that would get slashed …

The White House is pushing to embed crypto everywhere, from taxes to retirement  Axios Strengthening American Leadership in Digital Financial Technology  The White House (.gov) White House in crypto policy report calls for SEC action, new legislation  Reuters White House to drop bombshell report on July 30  Yahoo Finance White House Urges ‘Pro-Innovation Mind-Set’ to Crypto in New Report  The New York Times Source link

Topline President Donald Trump on Tuesday signaled support for legislation eliminating a capital gains tax on home sales, suggesting a reform on the tax policy—which has gone unchanged for decades—that a National Association of Realtors study found could impact millions of Americans. Trump has said a bill eliminating the capital gains tax for home sales would be a “very big …

ALBANY — Taxes should go down for the average Long Islander under the new federal megabill, tax analysts told Newsday, with the biggest benefits going to people with high incomes and large mortgages. The sweeping bill that President Donald Trump signed into law on July 4 extends and builds on a number of changes put in place during his first term under …