Tag Archives: Taxes

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 …

NYC Mayor Race: Mamdani Talks ‘Intifada’, Taxes in Grilling by Business Leaders  Bloomberg.com Mamdani Says He Will ‘Discourage’ the Term ‘Globalize the Intifada’  The New York Times New York’s Zohran Mamdani wins over some of the city’s business elite  Financial Times Mamdani expected to clarify his position on ‘globalize the intifada’  Politico Zohran Mamdani sticks to socialist guns, ‘Tax the rich’ plan during highly …

The Commission will propose an EU-wide levy on tobacco products such as cigarettes and cigars. These goods are currently being taxed by individual countries, who keep the revenues for themselves. The EU’s idea comes amid a push to introduce new taxes on e-cigarettes and vapes that are opposed by Italy, Greece and Romania. | Tolga Akmen/EPA The EU’s idea comes …

Investors Get New Breaks on Capital-Gains Taxes in Trump Law  The Wall Street Journal Trump’s megabill boosts M&A outlook after slump  CFO Dive 10 Crazy Comparisons Showing How Much Trump and Congress Just Cut Taxes for the Rich  itep.org America’s 25 Year Tax Cutting and Fiscal Train Wreck  Counterpunch Time to Say It Out Loud: Trump Tax Cuts Worked  RealClearMarkets Source link