You’ve bought and sold crypto this year, but did you know that from next year, your transactions could be reported to the IRS for the first time? Yes, you read that right! If you’re using popular platforms like Coinbase or Gemini, they will be sending info about your crypto buys and sells to the tax
Washington DC's Mayor Muriel Bowser has unveiled a new plan to tackle the city's empty office problem. With many workers still remote post-pandemic, downtown businesses are struggling. Bowser's "Office to Anything" program offers a 15-year property tax freeze for offices that transform into retail s
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
New York Governor Kathy Hochul recently revealed her plan to reduce income taxes for many state residents, aiming to ease financial pressure. Her proposal, part of an affordability agenda, is set to be detailed in her upcoming State of the State address. The tax cut would benefit joint filers earnin
Get ready for another round of unwelcome news from Gov. Hochul as she reveals her plans for 2025 in her State of the State address. With a history of ignoring public concerns, Hochul is likely to propose more spending on popular initiatives like youth mental health and free school meals, even for fa
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
You won't believe who's helping to keep Social Security running: undocumented immigrants. In 2022 alone, they contributed a whopping $25. 7 billion in taxes to the program, according to a study by a tax research group. The kicker? They can't collect benefits without legal status, so their money supp
You might think that taxing sugar is the way to go, but Italy has a bigger problem: excessive fat consumption. The government has been considering a sugar tax, but our research shows that it might not do much good. Instead, we suggest a fat tax. We used a special math model to see how taxes would ch
Have you ever wondered how a tax on sugary drinks could influence kids' choices? Well, down in South Africa, researchers took a close look at this very topic. Over four years, they observed how a tax on sweet beverages, known as the health promotion levy, was changing kids' drinking habits. They did
Political news is buzzing with Justin Trudeau's decision to step down. In the midst of a tough economic storm and heated trade clashes, with the U. S. threatening to hike import taxes, Canada's PM has thrown a curveball. Trudeau announced his resignation on a freezing Ottawa morning, hoping to hit t
