Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash.
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His "self-funded" presidential campaign was short on funds, and he was struggling to win over leery Republican donors. His golf courses and the hotel he would soon open in the Old Post Office in Washington were eating away at what cash he had left on hand, his tax records show.
Not to change the topic here:
Connecticut Money: Will you pay taxes on Social Security? - New Haven Register
Social Security is complex. While that's partly by design to help as many people as possible, it still creates a lot of headaches for those nearing retirement.
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Many people are surprised to find this out, even though the federal government has imposed a tax on these benefits since 1983. Some people pay no taxes, others pay up to 85 percent, depending on your income.
As with most things federal, it’s complicated. If your income falls below $25,000 for an individual or $32,000 for a married couple filing jointly, you will not owe taxes on your benefits.
Spanish Taxpayers to Be Hit by Two Major Taxes in 2021
Spain 's upper house passed two major tax bills today: the financial transaction tax (FTT) and the digital service tax (DST) . Both taxes will go into effect in January 2021, three months after their publication in the Spanish Official Gazette.
The FTT is a 0.2 percent tax on the purchase of shares of Spanish companies with a market capitalization of more than €1 billion (US $1.17 billion). In general, FTTs are levied on the trade of financial instruments such as stocks, bonds, or derivatives. Under a FTT, a percentage of the asset's value is paid in taxes when it is traded. For example, if an investor sells an asset worth $1,000, they would be charged $2 on the transaction under a 0.2 percent FTT.
Why The 1% In Finance Pay So Little In Taxes : NPR
Morris Pearl, a former managing director at the investment giant BlackRock, is a member of Patriotic Millionaires, a group that advocates for a more equitable tax system. Elias WIlliams hide caption
With an apartment on glitzy Park Avenue and a hefty portfolio of stocks, retired investment manager Morris Pearl seems comfortably ensconced in the 1%.
And one thing helps him stay there: The taxes he pays are lower than those of the average elementary school teacher.
Were you following this:
Op-ed: Wrongheaded pied-à-terre tax proposal will put us further in the hole
The assumption that those with means would never move to escape high taxes is belied by 2019 Census Bureau and IRS data revealing an exodus nationally from high-tax to low-tax states, with New York losing the most residents.
Between 2010 and mid-2017, we had a net outmigration of more than 1 million people; in 2018 a net 180,000 people left for predominantly lower-tax states. This trend, led by the highest earners, increased dramatically this year.
Fearing Biden tax hikes, wealthy Americans rush to change estate plans | Reuters
(Reuters) - Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the U.S. presidential election and raise taxes, say financial advisers to the moneyed set.
The biggest concern is that the White House and Congress could get swept up in a "Blue Wave" of Democratic wins that give Biden the power to propose and pass a sweeping set of tax reforms.
Cook County property taxes 2020: More than $100M in refunds unclaimed, Treasurer Maria Pappas
Conflicting claims, big money at heart of debate on Alaska's oil taxes - Alaska Public Media
Ballot Measure 1 — dubbed the "Fair Share Act" by its sponsors — is an initiative that supporters say would fix Alaska's oil tax law and fill the state's deficit. But those opposed argue it would lead to less investment in Alaska and jeopardize the state's economy.
In short: The two-page ballot measure is contentious and complicated, with each side citing its own set of facts.
As the Nov. 3 election approaches, here's some of what we do know about the ballot measure and, if it's approved, how it could impact Alaska.
Happening on Twitter
Trump's Taxes Show He Engineered a Sudden Windfall in 2016 Tax records expose more than $21 million in highly unusu… https://t.co/sIboE0BmpH MiaFarrow (from USA ) Fri Oct 09 16:18:00 +0000 2020
This is a polite headline on a devastating story. Trump taxes show clear evidence of fraud. Trump taxes show a… https://t.co/vEdQhsSQQP JamesGleick (from New York) Fri Oct 09 18:21:09 +0000 2020
Trump's Taxes Show He Engineered a Sudden Windfall in 2016 https://t.co/h0fNWDUf1r joncoopertweets (from New York) Fri Oct 09 17:47:52 +0000 2020
The latest installment in the Trump tax expose is so full of sleaze--Vegas style--that you will need a shower after… https://t.co/o8Q2PwJRqT djrothkopf (from Washington, DC & New York City) Fri Oct 09 16:24:07 +0000 2020
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