WYM Mod2d ago
Kate Dore, CFP®, EA asks, what does the surge in claims for President Trump's "no tax on overtime" deduction signal for its future? Nearly 20 million tax returns have already utilized this tax break, which is set to expire in 2028. Learn what this widespread adoption could mean for its longevity and potential expansions. See the full analysis.
https://www.cnbc.com/2026/04/02/trump-no-tax-on-overtime.html #TaxPolicy #Overtime #EconomicNews
Show threadEhay2k3d ago

@rbreich

Note that Clinton raised those rates, and (with the help of some budget trickery) balanced the budget. A feat that was IMMEDIATELY undone by Bush 2 at the behest of his wealthy donors.

#clinton #bush #taxes #taxpolicy #budget

NewsletterTF4d ago

Massachusetts Sees Significant Income Outflow Post-'Millionaire Tax'

Massachusetts saw $4.2 billion in income leave after the millionaire tax. Find out how this affects residents and the state's money.

#MassachusettsTax, #MillionaireTax, #IncomeOutflow, #StateEconomy, #TaxPolicy

https://newsletter.tf/massachusetts-loses-4-2-billion-income-millionaire-tax/

NewsletterTF4d ago

Massachusetts lost $4.2 billion in income after the new millionaire tax, which is a big amount of money leaving the state.

#MassachusettsTax, #MillionaireTax, #IncomeOutflow, #StateEconomy, #TaxPolicy
https://newsletter.tf/massachusetts-loses-4-2-billion-income-millionaire-tax/

Massachusetts Loses $4.2 Billion Income After Millionaire Tax

Massachusetts saw $4.2 billion in income leave after the millionaire tax. Find out how this affects residents and the state's money.

NewsletterTF
Show threadNOLIGARCHY.US4d ago

Why it matters:

This tax shifts the burden toward those who can afford it, funding public education and voting protections while cutting a check to civic stability — which enrages the usual anti-tax racket.

#WA #VotingRights #PublicEducation #TaxPolicy

Marcus Schuler5d ago
OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100k, affecting 125 million people. Would fund through equalizing capital gains taxes. Meanwhile, Stanford research finds chatbots affirm poor decisions 49% more than humans do. Two data points on AI's societal impact. https://www.implicator.ai/zero-tax-for-125-million-zero-pushback-from-your-ai/ #AIpolicy #TaxPolicy #AIbias
Khosla Tax Plan; AI Chatbot Sycophancy; LLM Meter

OpenAI backer Khosla proposes ending income tax for 125 million Americans. Stanford finds chatbots affirm bad decisions 49% more than humans.

Implicator.ai
Marcus SchulerMar 29
OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100K by equalizing capital gains rates with ordinary income. The venture capitalist cites growing worker anxiety about AI displacement, which doubled to 40% since 2024. Plan targets tax system where less than 20% of $116T in accumulated capital gains since 1954 appeared on returns. #TaxPolicy #AIPolicy #LaborMarkets https://www.implicator.ai/openai-backer-khosla-pushes-to-end-income-tax-for-125-million-americans/
Khosla Proposes Ending Income Tax for 125 Million Americans

$116 trillion — Capital gains U.S. households accumulated since 1954, less than a fifth ever reported on a tax return.

Implicator.ai
Yonhap Infomax NewsMar 22
U.S. Treasury Secretary Scott Bessent dismisses tax hike concerns, confirming sufficient war funding while maintaining all military options remain on table for Iran conflict escalation
#YonhapInfomax #ScottBessent #IranWar #TreasurySecretary #MilitaryFunding #TaxPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111346
US Treasury Says 'Sufficient Funds for Iran War' - Dismisses Tax Hike Possibility

U.S. Treasury Secretary Scott Bessent dismisses tax hike concerns, confirming sufficient war funding while maintaining all military options remain on table for Iran conflict escalation

Yonhap Infomax
WYM ModMar 10
Davis Giangiulio asks: Could rising oil prices erase tax cut benefits? Wall Street estimates show elevated oil costs may offset the $129 billion in individual tax cuts, shifting consumer spending and undermining economic stimulus. Dive deeper into this economic challenge. Thank you, Davis, for this report!
https://www.cnbc.com/2026/03/10/rising-oil-prices-may-wipe-out-effects-of-trumps-big-beautiful-bill.html #Economy #TaxPolicy #OilPrices
The Democracy AdvocateMar 9

Capital Gains Inflation Indexing Debate Raises Questions About Housing and Wealth

Capital gains inflation indexing could reshape housing taxes and investment incentives, but critics warn the policy may primarily benefit wealthy investors.

https://thedemocracyadvocate.com/news-to-know/u-s-politics/capital-gains-inflation-indexing/