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Wednesday, January 15, 2025

Tag: Income Tax

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How New IRS Rules Could Affect Zelle and CashApp Users

WASHINGTON — This year, Dennis Turbeville, a woodworker in Washington, used the mobile payment service Venmo to sell his wares, collect payments on a...

Trump Paid $1.1 Million in Taxes During Presidency, but $0 in 2020, Report Shows

In his first three years as president, Donald J. Trump paid $1.1 million in federal income taxes before paying no tax as his income...

Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible

After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill,...

A Popular British Politician Falls From Grace Over a Tax Scandal

LONDON — Just two months ago, Rishi Sunak, a popular, fast-rising British politician who serves as chancellor of the Exchequer, looked like a good...

Rift Between Wyden and Son Shows the Challenge of Taxing the Ultrarich

WASHINGTON — ADW Capital Partners would appear to be the kind of hedge fund that Democrats on the Senate Finance Committee would like to...

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

ROME — President Biden and other world leaders endorsed a landmark global agreement on Saturday that seeks to block large corporations from shifting profits...

Democrats Rush to Rewrite U.S. Tax Code in Days

WASHINGTON — As they hunt for revenue to pay for their sprawling spending bill and try to unite a fractured caucus, Democrats are attempting...

Manchin Denounces Billionaires Tax as Divisive

Senate Democrats’ plan to extract hundreds of billions of dollars from the wealth of billionaires hit a major snag on Wednesday when Senator Joe...

Democrats Push Novel Taxes on Billionaires and Huge Corporations

Senator Kirsten Gillibrand, Democrat of New York, was trying to line up support, including from Mr. Manchin, to beef up a federally paid family...

Proposed Tax on Billionaires Raises Question: What’s Income?

ProPublica, the nonprofit news organization, obtained the tax returns of many ultra-wealthy people, and reported that, among other extraordinary examples, the Amazon founder Jeff...

In Push to Tax the Rich, White House Spotlights Billionaires

WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House...

House Democrats’ Plan to Tax the Rich Leaves Vast Fortunes Unscathed

The proposal includes substantial measures to raise taxes on the rich. Taxable income over $450,000 — or $400,000 for unmarried individuals — would be...

House Democrats Outline Tax Increases for Wealthy Businesses and Individuals

It also increases the top tax rate for capital gains — the proceeds from selling an asset like a boat or stocks — to...

Democrats and Lobbyists Gird for Battle Over Far-Reaching Tax Increases

WASHINGTON — Congressional Democrats always knew their battle plan for raising taxes on corporations, large inheritances and the superwealthy would not survive initial contact...

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