Biden’s Billionaire Tax Is Smart Politics for the Midterms

Biden’s Billionaire Tax Is Smart Politics for the Midterms

U.S. President Joe Biden answers questions along with Director of the Office of Management and Budget Shalanda Young after presenting his fiscal year 2023 budget proposal March 28 in the State Dining Room of the White House. (Photo by Anna Moneymaker/Getty Images) Subscribe to something The nation Subscribe now for only $2 a month! Thank … Read more

Price-Gouging Oil Companies Need to Pay a Windfall Tax

Price-Gouging Oil Companies Need to Pay a Windfall Tax

A Chevron gas station on Tuesday, March 8, in Tustin, Calif. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 8.9 cents Tuesday, its 30th record in 32 days. (Gary Coronado/Los Angeles Times) Subscribe to the nation Subscribe now for as little as $2 a month! Thank you for … Read more

Where does the Royal Family get its money from? Does the Queen pay tax and how many royal residences are there?

Where does the Royal Family get its money from? Does the Queen pay tax and how many royal residences are there?

The Queen’s net worth is valued at several hundred million pounds, making her one of the world’s wealthiest royals. But not everyone knows exactly where the Royal Family’s money comes from. Much of it comes from the government – in other words, from taxes paid by ordinary people – but the monarchy also has other … Read more

‘We live 5 minutes from our in-laws who have a larger home’: I want to swap houses. Would that come with any tax implications?

‘We live 5 minutes from our in-laws who have a larger home’: I want to swap houses. Would that come with any tax implications?

I am a California resident. My husband and I own a 1,800-square-foot home that we bought in 2019 for $1.5 million. We have between 40% and 50% equity in the property due to a large down payment. We live five minutes from our in-laws who have a larger home (around 2,250 square feet) that they … Read more

Council tax rebate – How to challenge your council tax band

Council tax rebate - How to challenge your council tax band

British families will receive a £150 council tax rebate on their next bill to help cope with rising energy prices. Chancellor Rishi Sunak announced last week that the Government would be stepping in to help families who might struggle with the rise in energy prices. Ofgem also announced that the price cap on energy would … Read more

As Child Tax Payments Expire, Struggling Families Are Desperate

As Child Tax Payments Expire, Struggling Families Are Desperate

Franklin D. Roosevelt signs the Social Security Act on August 14, 1935. (Archive Photos / Getty Images) There are great parallels between the birth pangs of Social Security and President Joe Biden’s domestic political agenda in the Build Back Better package. Both proposed radical changes to the social pact between working Americans and their government. … Read more

Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?

Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It is tax season in the US, and I’ll walk you through the important things to keep in mind when reporting crypto trading on your tax returns. Meanwhile, if you’d like to … Read more

What is a windfall tax? Labour demands one-off levy on gas and oil firms

What is a windfall tax? Labour demands one-off levy on gas and oil firms

The Labor Party is calling on the government to introduce a windfall tax on gas and oil firms, as millions of UK households face a sharp rise in energy bills this spring. Today (February 1st), Labor will put forward a motion in Parliament proposing that energy producers are subject to a one-off windfall tax, amid … Read more