Category: Taxation

Is Your College Football Team Short of Cash? Sports Betting Can Help.

Louisiana lawmakers tried a novel strategy for raising revenue, a model that proponents say might work more broadly.
The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.
How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
Jamie Dimon of JPMorgan Says He Has Reached Out to Zohran Mamdani

The banking giant’s C.E.O. said he wanted to keep lines of communication open with the mayor-elect of New York.
Wall Street Laments Mamdani’s Victory and Plots Its Next Move

Many financiers are vowing to play nice with Zohran Mamdani, but some are already thinking about how they will blunt the mayor-elect’s most liberal initiatives.
Are Wealth Taxes the Best Way to Tax the Ultra Rich?

Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen.
Bessent Taps Social Security Chief to Serve as C.E.O. of I.R.S.

Frank Bisignano, who already leads the Social Security Administration, will also take on the day-to-day duties of the tax collector.
Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits

The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
How Universal Child Care Could Change the Economy

Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.
‘Tax the Rich,’ French Protesters Cry, as the Wealthy Push Back on Paying More

With a budget crisis looming, a proposal for a tax on ultrahigh-wealth individuals has grass-roots support, but it adds conflict to an already fragmented political landscape.
The Wealth Tax Plan That’s Roiling New York and French Politics

Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.
5 Ways to Protect Your Money When You’re Over 50 and Laid Off

When you’re over 50 and suddenly unemployed, priorities will switch to paying bills over saving for retirement. Here are ways to manage.