For example, companies may be able to write off the costs of investments or previous operating losses on their income tax returns, according to the nonpartisan Tax Foundation, which advocates for lower taxes. The think tank found that just 78 companies would have paid the 15% book income...
The new charges come in addition to federal firearms charges in Delaware alleging Hunter Biden broke a law against drug users having guns in 2018.
In a post on X, Spadea excused the pardons as a necessary corrective to the ‘weaponization’ of the Justice Department under President Joe Biden. ‘As you know from my decade plus public history, I will always put law enforcement first. At the same time, I 100% support President Trumps...
President-elect vows creation of agency as soon as he takes office in further push for regime of taxes on foreign imports Donald Trump has said he will create an "external revenue service" as soon as he returns to the White House next week, adding further substance to his campaign vow to...
Border seizures of the drug rose sharply under President Joe Biden, and U.S. officials tallied about 21,900 pounds (12,247 kilograms) of fentanyl seized in the 2024 government budget year, compared with 2,545 pounds (1,154 kilograms) in 2019, when Trump was president. If Trump were to ...
The tax proposals identified in this Tax Alert are designed to raise tax revenues to fund the Biden Administration's priorities. If enacted, they would significantly increase taxes on US multinational companies. Their prospects for enactment, however, appear dim, given the current composition of Cong...
The Biden administration is casting the policy change as a redo of an almost 50-year regulatory scheme under the Employee Retirement Income Security Act of 1974 governing retirement accounts and comes as 401(k)s have largely replaced pension plans. Former President Barack Obama had proposed a wide...
The kiddie tax kicks in for any investment income over $2,200, taxable to the parent at their tax rates. In this case, the parent would have to pay taxes on $2,800 at their rates. The rule may impact children under 19 and full-time students aged 19 to 23 if they are still depend...
How taxes for the wealthy and big corporations would change under the new social spending plan The latest tax plan to pay for President Joe Biden'ssocial spending billwould exact a minimum tax on the nation's biggest companies and slap a surtax on the very wealthiest Americans, among other ...
14 states are cutting individual taxes in 2024. Here's where. The tax cuts are a continuation of a pandemic-era push to provide tax relief to workers amid revenue surpluses. Jan 24, 2024 Haley outdoes expectations in New Hampshire Nikki Haley said the race for the GOP presidential ...