Legislation to Remove Tax on Firearms Purchase

Rep. Ashley Hinson and Sen. Tom Cotton introduced legislation to remove the 'unconstitutional' tax on the purchase and transfer of firearms under the National Firearms Act. The bill aims to protect Second Amendment rights by eliminating financial barriers for lawful gun owners.

Taxing University Endowments and Private Foundations

Pressure in Congress is growing to increase the excise tax on university endowments and private foundations due to their left-leaning ideologies and lack of accountability. The goal is to decrease their size and increase tax incentives for individual charitable contributions.

Tesla's Tax Avoidance

Tesla, the most valuable automaker in the world valued at over $1 trillion, did not pay any federal income tax last year, utilizing various tax breaks and credits to minimize tax obligations.

Impact of Measure ULA on Real Estate Market in Los Angeles

Measure ULA, a local tax initiative in Los Angeles, was intended to generate revenue for affordable housing and homeless prevention but has failed to meet expectations, leading to a decline in real estate transactions and market activity. The tax has faced litigation challenges and criticism for its impact on property owners, potentially hindering post-fire rebuilding efforts. Calls for the repeal of Measure ULA have surfaced to revive the struggling real estate market in L.A.

IRS Tax Filing Season 2025

The IRS processed 11.7 million tax returns in the first week of the 2025 filing season. Taxpayers can track their refund status online. The agency recommends filing electronically for quicker refunds. Delay for Earned Income Tax Credit and Additional Child Tax Credit refunds. Direct File program expanded to 25 states for free tax return service.

Legislation to Eliminate Double Tax on Social Security Benefits

Sen. Tommy Tuberville introduced legislation to eliminate the double tax on Social Security benefits, aligning with one of President Trump's campaign promises. The bill aims to reduce seniors' tax liability and end the 'double tax' on federally earned benefits.

New York Congestion Pricing Tax

New York implements a controversial congestion pricing tax, causing concern for New Jersey commuters. Democratic candidates, including Rep. Mikie Sherrill, criticize the tax, citing increased costs and traffic. Despite efforts to block the tax, a federal judge ruled in favor of its implementation.

Argentina Eliminates 30% Foreign Currency Tax

The government of Argentina eliminated a 30 percent surcharge tax on foreign currency transactions imposed by the previous socialist administration, benefiting 11 million citizens. President Javier Milei fulfilled his promise to remove the tax and plans to continue reducing taxes and currency control measures.

Illegal Immigration and Remittances

The article discusses the surge in smuggling across the southern border and proposes a 50% tax on remittances sent from the U.S. to other nations by illegal aliens to offset the cost incurred by taxpayers due to illegal immigration.

Biden-Harris Tax Proposal on Unrealized Capital Gains

CNBC hosts clash with Harris campaign adviser over Biden-Harris tax proposal that includes a tax on unrealized capital gains. Debate over fairness and constitutionality of the proposal.

Biden-Harris Administration's Proposal to Tax Unrealized Investment Returns

The Biden-Harris administration's proposal to tax unrealized investment returns is met with criticism and support. Critics argue it would force people to sell off investments, while supporters believe it addresses tax inequality among the wealthy.

Call to End Tax on Seniors' Social Security Income

Former President Trump called for an end to the tax many seniors pay on their Social Security income, stating that seniors should not pay tax on Social Security. The current tax thresholds are outdated and unfairly impact those with lower incomes.

Denmark's Tax on Livestock Carbon Emissions

Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep, and pigs starting in 2030 to reduce methane emissions. The tax will increase gradually to incentivize emission reduction.

Denmark's Livestock Emission Tax

Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep, and pigs starting in 2030. The aim is to reduce Danish greenhouse gas emissions by 70% from 1990 levels by 2030. The tax will increase over time to encourage emission reduction.

Denmark's Tax on Livestock for Greenhouse Gas Emissions

Denmark will tax livestock farmers for greenhouse gases emitted by their animals, aiming to reduce methane emissions. The tax will start at $43 per ton of CO2 equivalent in 2030 and increase to $108 by 2035.

Taxing Livestock Emissions in Denmark

Denmark plans to tax livestock farmers for methane emissions from 2030 to reduce greenhouse gas emissions by 70% from 1990 levels by 2030. The tax will start at 300 kroner per ton of carbon dioxide equivalent in 2030 and increase to 750 kroner by 2035, but with a 60% income tax deduction, the actual cost will be lower. Denmark aims to become climate neutral by 2045 and hopes other countries will follow suit.

Comparison of Debt Approval by Presidents Trump and Biden

Analysis by the Committee for a Responsible Federal Budget shows that President Trump approved more new debt during his term compared to President Biden. Both candidates have different plans to tackle the deficit, with Trump focusing on tax cuts and immigration policies, while Biden aims to raise taxes on corporations and high-income earners. Experts are concerned about the impact of the growing federal deficits on the economy and the ability to absorb new federal borrowing.

Impact of Labour's Tax Plans on Britain's Super-Rich

Private banks and advisers to Britain's super-rich fear that some clients may leave the country if Labour wins the upcoming election and abolishes tax protections on offshore wealth. Labour's proposal includes scrapping relief on foreign-earned income and expanding inheritance tax to include foreign assets held in trusts. Critics argue that these changes could harm the economy by driving away wealthy individuals and reducing tax revenues.

New Zealand's decision to scrap the 'burp and fart tax' on livestock emissions

New Zealand is scrapping a scheme to price gas emissions from livestock, known as the 'burp and fart tax,' initiated by the previous left-wing government. The ruling conservative coalition is introducing new legislation to remove the agriculture sector from the emissions pricing plan due to farmer pressure.

Missouri's GOP-led Legislature Renewed $4 Billion Medicaid Program

Missouri's GOP-led Legislature renewed a $4 billion Medicaid program after being blocked by a Republican faction using it as a bargaining tool. The bill renews a tax on hospitals to draw down federal funding for low-income residents.

President Joe Biden's Tax Plans and Income

President Joe Biden details plan for 25% tax on American billionaires during State of the Union address. Biden and first lady Jill Biden reported $619,976 federal income in 2023. They paid $146,629 in federal income tax with an effective rate of 23.7%. Biden administration emphasizes transparency by releasing tax returns and donating to various charities.

Mississippi Legislature Budget

Budget writers in the Mississippi Legislature set a revenue estimate of $7.6 billion for the year that begins July 1, which is a decrease of 1% from the current year. Legislators are in a session to finish writing the budget for schools, prisons, health care, and other services.

Gun Control Legislation in Colorado

President Biden issued a statement in support of law enforcement and gun control during National Police Week. Colorado Democrats are pushing for gun control bills that mirror policies in liberal states, but have not received much media coverage. The bills include banning 'assault weapons,' imposing an 11% tax on gun and ammunition sales, and increasing standards for concealed handgun training classes.

Chicago Mayor Blames Trump Supporters for Failed Real Estate Tax Referendum

Chicago Mayor Brandon Johnson blames supporters of former President Trump for failed real estate tax referendum aimed at combating homelessness in the city.

Vote on Sales Tax Impacting Chiefs and Royals in Kansas City

Residents of Kansas City will be voting on whether to repeal a current sales tax that could heavily influence the future of the Chiefs and Royals in the city. The outcome of the vote will determine renovations and potential relocation plans for the teams.