Juan Soto saves about million in state income tax with Mets signing bonus
|

Juan Soto saves about $8 million in state income tax with Mets signing bonus

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Juan Soto can use an interesting tax loophole with his monster contract with the Mets. Soto and the Mets have agreed to a 15-year deal worth a total of $765 million in a blockbuster deal that shook the sports universe. The Post’s Jon…

Arizona GOP Rep. David Schweikert fends off challenge from Democrat Amish Shah
|

Arizona GOP Rep. David Schweikert fends off challenge from Democrat Amish Shah

ByNews Polite

PHOENIX — GOP Rep. David Schweikert has held onto his Arizona seat after a tough challenge from Democratic former state Rep. Amish Shah. Schweikert leads Shah 51.9% to 48.1% with 85% of the 1st Congressional District’s votes counted, Decision Desk HQ reports. Schweikert has served in the House of Representatives…

NJ Dem House candidate railed against SALT relief — but now backs it just like Trump
|

NJ Dem House candidate railed against SALT relief — but now backs it just like Trump

ByNews Polite

A New Jersey Democrat running for Congress in a swing House district opposed State and Local Tax (SALT) relief — before reversing course and backing additional deductions while seeking public office Sue Altman was in favor of income, estate, sales and other tax hikes while serving as state director of…

Evan Gershkovich and other American hostages face thousands in IRS penalties when they return home
|

Evan Gershkovich and other American hostages face thousands in IRS penalties when they return home

ByNews Polite

US citizens who are unjustly held captive by other nations — like Wall Street Journal reporter Evan Gershkovich — are hit with big bills from the IRS for unpaid taxes when they return home. Gershkovich and another American hostage, Paul Whelan — who were freed in August — found themselves…

Swing-state Democrat intros Trump-inspired ‘No Tax on Tips’ bill in Congress
|

Swing-state Democrat intros Trump-inspired ‘No Tax on Tips’ bill in Congress

ByNews Polite

LAS VEGAS — A swing-state Democrat has taken up Donald Trump’s “No Tax on Tips” idea, with Rep. Steven Horsford introducing legislation that would give federal income relief to tipped workers earning less than $112,500 yearly. The Tipped Income Protection and Support Act or TIPS Act grants a tax break to…

Gig workers get gouged. Here’s how Trump can help — and win swing states too
|

Gig workers get gouged. Here’s how Trump can help — and win swing states too

ByNews Polite

Donald Trump understands the old maxim that taxation is theft, and to that end he’s proposed some interesting ways to ameliorate the burden on actual working people via aggressive tax relief. The “no taxes on tips” push is all but done on acclamation at this point — Kamala Harris even…

US, India Extend Digital Tax Truce to June 30 as Deadline Approaches

US, India Extend Digital Tax Truce to June 30 as Deadline Approaches

ByNews Polite

The United States and India have extended a standstill agreement on U.S. retaliation over India’s digital-services tax until Sunday, aligning it with a fast-approaching deadline for a global deal to reallocate taxing rights on the world’s biggest and most profitable companies, the U.S. Treasury said on Friday. In a brief…

Hochul’s ‘moderate’ budget plan still leaves New York on a path to fiscal doomsday
|

Hochul’s ‘moderate’ budget plan still leaves New York on a path to fiscal doomsday

ByNews Polite

Gov. Kathy Hochul’s new budget plan includes a record $227 billion in spending, plus at least $1.6 billion in tax hikes. The left wants a lot more, but that hardly makes her a fiscal conservative. She’d increase taxes on payrolls in the 12-county “MTA region” by $810 million and extend…