The UK's money boss, Rachel Reeves, has warned that the upcoming budget will be tough. She blames past governments for the current mess, pointing to Brexit and years of tight spending. She says the country isn't producing as much as it should, which means less money coming in. This makes it hard to
In the UK, the finance minister, Rachel Reeves, has made it clear that she's not afraid to make tough decisions, even if they aren't the most popular. Her goal? To shield the country from the ongoing struggles of high inflation and interest rates. As she prepares for the upcoming budget on November
Social Security benefits can be a lifeline for many, but taxes on these benefits can be confusing. It's not just about the money you receive; it's also about how it affects your tax situation. First, let's talk about "combined income. " This isn't just your regular income. It's your adjusted gross
The person in charge of the U. S. tax agency's digital currency team, Trish Turner, is stepping down. This move happens just as new tax rules for cryptocurrencies are about to take effect. Turner is leaving for a job in the private sector, and it's not clear who will take over her role. The IRS has
Denver's leaders are pushing for more bonds to fund new parks, recreation centers, and roads. But bonds are not free money. They are loans that must be repaid with interest. This means that every time the city takes on more debt, it is the taxpayers who will ultimately foot the bill. Bonds are ofte
Zohran Mamdani, the Democratic frontrunner for New York City's mayoral race, has made his intentions clear to the city's business leaders: higher taxes are coming their way if he wins. He even challenged them to consider leaving the city if they disagree with his plans. During a recent meeting with
The Bay Area's transit systems are in a tough spot. BART and other services are facing big money problems. They need around $800 million every year just to keep running. One idea is to ask voters to approve a sales tax in 2026. But this might not be the best way. Sales taxes hit people who can least
The United States tax system is always changing, with Congress regularly reviewing it. The goal is to reward success in the marketplace, which comes from innovation, productivity, and job creation. This is the American way of doing business. It is not a chaotic system; it is a deliberate engine that
Imagine this: an Iowa state senator has a unique idea to grow his state. Instead of building new towns or attracting more residents, he thinks Iowa should buy a chunk of Minnesota. Senator Michael Bousselot suggested this in a post on X, starting with "Make Minnesota Iowa Again! " He believes that l
Almost 100 years after the end of Prohibition, the alcohol industry is facing a new challenge in the United States. In New Mexico, where alcohol-related deaths are the highest in the country, lawmakers are considering two proposals to change how alcohol is taxed. One plan suggests a flat 3% tax rate
