IRS Tip Reporting Program and Trump Campaign Ad

The Internal Revenue Service did not implement a new voluntary program for employers to report tips earned by their workers, but a Trump campaign ad falsely claims Vice President Kamala Harris 'weaponized' the IRS against tipped workers. The proposal, called the Service Industry Tip Compliance Agreement, aimed to increase tax compliance but has been put aside. Trump's ad mischaracterizes the proposal and suggests that Harris and Biden unleashed the IRS on workers, which is false. Both Trump and Harris proposed eliminating federal taxes on tips, with some differences in their approaches.

Economic Policies of Vice President Kamala Harris

Pennsylvania business owners express skepticism of Vice President Harris' economic proposals due to high taxes in San Francisco as a potential preview of future policies under her leadership.

Ending Taxes on Tipping

Both Donald Trump and Kamala Harris are advocating for the end of taxes on tipping, but economists warn that without proper guardrails, such a policy could be easily abused.

Comparison of Wealth and Business Ventures between J.B. Pritzker and Donald Trump

Illinois Gov. J.B. Pritzker, in a speech to the Democratic National Convention, claimed to be an 'actual billionaire' unlike former President Donald Trump. Pritzker inherited his billions from his family's successful business ventures. Trump also benefited from his father's wealth but on a smaller scale, primarily in real estate development. Pritzker faced criticism for dodging property taxes.

Critique of Minnesota Gov. Tim Walz's Economic Policies

GOP congressman criticizes Minnesota Gov. Tim Walz's economic policies, claiming they are devastating for most Minnesotans. Various reports and statements highlight concerns about tax rates, business climate, and economic growth under Walz's leadership.

Taxation on Tips for Service Workers

Republicans and Democrats are both in support of eliminating taxes on tips for service workers, with President Trump and Vice President Harris proposing the idea. President Biden and the White House have also expressed support for this policy.

Political Claim of 'No Tax on Tips'

White House Press Secretary Karine Jean-Pierre tried to claim credit for the 'no tax on tips' idea embraced by Vice President Kamala Harris, which was previously proposed by former President Donald Trump. Harris copied Trump's policy during a campaign rally to appeal to unionized culinary workers in Las Vegas. Jean-Pierre struggled to explain when the Biden-Harris administration had ever adopted this policy, eventually admitting it was a 'new idea.'

Global push for higher taxes on the super-rich

Rightwing government in Italy doubles flat tax on foreign income, joins G20-led push for higher taxes on the super-rich. Global momentum for wealth tax increases with calls from various countries and organizations to target billionaires and centimillionaires for more tax revenue to fund anti-poverty measures and climate-friendly initiatives.

Tax Policies on Service Industry Workers' Tips

Republicans and Democrats clash over tax policies on service industry workers' tips, with both Vice President Kamala Harris and former President Trump vowing to eliminate taxes on tips if elected or re-elected to office.

Taxation on Tipping

Vice President Harris and former President Trump have both suggested ending taxes on tipping to support working-class voters. Harris pledged to fight for working families, raise the minimum wage, and eliminate taxes on tips for service workers. Trump criticized Harris for copying his proposal on Truth Social.

Vice President Kamala Harris pledges to eliminate taxes on tips for service workers

Vice President Kamala Harris pledges to eliminate federal taxes on tips for service and hospitality workers, mirroring former President Trump's policy. Trump accuses Harris of stealing his idea for political gain.

Best Financial Products and Services

A comprehensive list of the best financial products and services available, including credit cards, loans, banking, mortgages, insurance, credit monitoring, personal finance tools, small business solutions, tax resources, assistance for low credit scores, and investing options.

Political and Fiscal Instability in France

France's wealthy residents are concerned about political and fiscal instability following a divisive election campaign. Some are considering leaving the country due to potential higher taxes and extreme policies. The election outcome has left individuals worried about future volatility and the impact on their finances and investments.

France Economic Crisis Due to Hard Left Coalition Success

France is facing a financial crisis and economic decline after a hard left coalition's success in the elections, leading to concerns about increased public spending and potential chaos. The situation could result in wealthy citizens moving out and increased interest rates due to proposed high taxes.

Protests in Kenya Over Finance Bill

Protesters in Kenya clashed with police over a new finance bill imposing new taxes, resulting in violence, deaths, and a direct assault on the government. Demonstrators demanded legislators vote against the bill due to frustrations over the high cost of living. The bill was passed, leading to protests and clashes in various cities.

Former President Trump Proposes Ending Taxes on Servers' Tips

Some Michigan UAW workers plan to vote for Donald Trump despite the auto union's endorsement of President Biden. Former President Trump proposes ending taxes on servers' tips to win over workers in key swing states.

Tax Elimination on Tips for Hospitality Workers

Former President Trump promised to eliminate taxes on tips if elected, specifically for workers in hotels, restaurants, and other jobs. This announcement was made during a rally in Las Vegas, Nevada.

Rise of High Net Worth Individuals and Wealth in 2023

The number of high net worth individuals (HNWI) and their total wealth have reached record highs in 2023 due to investments in soaring stock markets, according to a study by Capgemini. Their fortunes have risen as stock markets surged, reversing a decline in 2022. Rising wealth and inequality have sparked debates on making the rich pay their fair share of taxes.

Kenyan President's Private Jet Cost

Kenyan President William Ruto clarifies that the cost of hiring a private jet for his U.S. visit was $76,000, not $1.2 million as reported by Kenyan media outlets. Ruto defended his decision amid public scrutiny over spending.

Donald Trump's lawsuit against his niece over tax information

Former President Trump wins small victory in New York appeals court to sue his niece for providing information to the New York Times for its 2018 article on his taxes. Trump's lawsuit against his niece may still be successful as the court ruled he has standing to sue her for breaching confidentiality agreements.

Renewed Push for Amnesty for Certain Illegal Aliens in the U.S.

Sen. Catherine Cortez Masto and other Senate Democrats are urging President Biden to take executive action to grant amnesty to certain groups of illegal aliens in the U.S. This comes a month after one of Cortez Masto's staffers was killed by an illegal alien. The renewed push for amnesty follows statistics on the taxes paid by undocumented immigrants in Nevada.

Reclassification of Marijuana by the U.S. Drug Enforcement Administration

The U.S. Drug Enforcement Administration is considering reclassifying marijuana from Schedule I to Schedule III, recognizing medical uses but not legalizing recreational use. The proposal is undergoing review and could have wide effects on research, taxes, and the industry. However, it will not immediately impact criminal justice or current state programs.

United Nations urges South Sudan to remove new taxes impacting aid

The United Nations urges South Sudan to remove newly imposed taxes and charges that led to the suspension of U.N. food airdrops for thousands of people who depend on outside aid.

President Biden's remarks on inflation and economic policies

President Biden addresses concerns about stubborn inflation affecting his re-election bid, stating that inflation has been significantly reduced but remains above the 2% target. He emphasizes the impact of small expenses on people's lives and discusses measures like raising taxes on the wealthy to address economic issues.

President Biden's Campaign Event in Scranton

President Joe Biden returned to his childhood hometown of Scranton to call for higher taxes on the rich and criticize Donald Trump as an out-of-touch elitist. Biden's visit was nostalgic, emphasizing Scranton values over Mar-a-Lago values.

President Joe Biden's Campaign in Scranton

President Joe Biden returned to his working-class childhood hometown of Scranton to call for higher taxes on the rich and cast Donald Trump as an out-of-touch elitist, amid his campaign across Pennsylvania.

Massachusetts Residents' Concerns on Migrants/Immigration

A recent poll in Massachusetts showed that an increasing number of residents believe that migrants/immigration is the most important issue for state leaders to address. The poll also highlighted other pressing issues such as housing, taxes/government spending/welfare, inflation, and the economy. Massachusetts residents expressed varying degrees of concern regarding the migrant situation, with 67% considering it a problem.

Best Financial Products and Services

A comprehensive list of the best financial products and services available, including credit cards, loans, banking, mortgages, insurance, credit monitoring, personal finance, small business, taxes, help for low credit scores, and investing.

Best Financial Products and Services

An extensive list of best financial products and services including credit cards, loans, banking, mortgages, insurance, credit monitoring, personal finance, small business, taxes, help for low credit scores, and investing.

Tax Burden in the United States

A new study reveals the average American pays $524,625 in taxes in their lifetime, with New Jersey residents having the highest lifetime tax burden. The report ranks states based on lifetime tax costs, showing West Virginia as the lowest-tax state. Taxes are a significant factor in people's decisions to move between states.

IRS Mismanagement

The IRS received $80 billion to target millionaire and billionaire tax dodgers but instead focused on middle-class earners. Despite promises not to increase audits for small businesses and households earning under $400,000, the IRS did exactly that.

Kansas lawmakers reject plan for cutting taxes

Kansas lawmakers reject plan for cutting taxes, citing concerns about favoring wealthy taxpayers and inadequate cuts in property taxes. Governor's bipartisan deal with top Republicans overturned by House vote.

Illegal Cannabis Market in California

Despite the legalization of recreational marijuana in many states, illegal pot businesses continue to thrive, with California's black market overshadowing the legal market. High taxes, lack of access to capital, and limited licensing contribute to the persistence of illegal cannabis sales. Law enforcement agencies struggle to combat unlicensed operations, and the black market remains competitive due to lower prices and strategic adjustments in response to legal market dynamics.

Best Financial Products and Services

A comprehensive list of the best financial products and services, including credit cards, loans, banking options, mortgages, insurance, credit monitoring, personal finance tools, small business resources, tax assistance, help for low credit scores, and investing opportunities.

Safety Concerns for Small Business Owners in Oakland

Fox News reports on Oakland small business owners feeling unsafe due to rising crime rates and lack of police protection. Some businesses are considering not paying taxes due to feeling unprotected by the city.

Financial Security and 401(k) Withdrawals

A record number of Americans are forced to plunder their 401(k)s due to financial emergencies, resulting in early withdrawals that have negative long-term consequences. Politicization of 401(k)s is a concern with proposed resolutions. Investing in a 401(k) is recommended for long-term financial growth and stability.

President Biden's Economic Policy

President Biden to outline populist economic policy in second term at State of the Union address, focusing on tax increases for wealthy households and corporations.

Taxation and Politics

Rep. Marjorie Taylor Greene interrupts President Joe Biden during State of the Union, telling him to make Hunter pay his taxes. Biden emphasizes the importance of a fair tax code for healthcare, education, defense, and more. Hunter Biden indicted on nine tax violations in Los Angeles federal court.

Biden's Economic Plan and Tax Proposals

US President Joe Biden is expected to advocate for higher corporate taxes and taxes on the wealthy in his State of the Union speech as part of his economic plan, aiming to lower the federal deficit and provide tax cuts for lower-income citizens.

Financial Products and Services

An extensive list of financial products and services including credit cards, loans, banking, mortgages, insurance, credit monitoring, personal finance, small business, taxes, low credit scores, and investing, with detailed recommendations in each category.

New York Governor Prioritizing Illegal Immigrants for State Jobs

New York Governor Kathy Hochul is pushing a plan to prioritize illegal immigrants for state jobs, removing certain requirements to expedite the process. Mayor Eric Adams also supports this initiative. Some lawmakers are advocating for higher taxes on the wealthy to fund these new jobs, amidst a trend of high-income individuals leaving the state.