Finance News – U.S.
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🌎 Don’t expect a rate cut
Current economic indicators suggest that interest rates are likely to remain unchanged, impacting borrowing costs and investment decisions while tax negotiations continue to influe...
Read Full Article →How Senate GOP 'no tax on tips' proposal differs from House Republican plan
The Senate’s approach to exempting gratuities from taxation presents variations that could impact revenue collection and economic behavior differently compared to the earlier House...
Read Full Article →My mother-in-law, 95, has $400K in stocks. Would it be smarter taxwise to gift it to her kids — or l...
Transferring a substantial stock portfolio either as a gift during one’s lifetime or through inheritance can have different tax consequences, which may impact the overall financial...
Read Full Article →Here’s where all of Trump’s tariffs stand as his 50% tax on steel and aluminum imports goes into eff...
The implementation of high tariffs on steel and aluminum imports by the U.S. administration has impacted trade dynamics and could influence domestic production costs and internatio...
Read Full Article →Trump ‘revenge tax’ may open new front in global trade war, with consequences for your wallet
A recently included measure in the tax legislation has the potential to intensify international trade tensions and impact financial markets, which could affect individual investmen...
Read Full Article →How the tariff ruling could make passing Trump’s megabill harder
The recent decision on tariffs could reduce anticipated revenue sources, potentially complicating efforts to secure congressional approval for the extensive tax and spending initia...
Read Full Article →‘That would be madness’: Why Trump’s tax-the-rich push could fracture the GOP
Proposals to increase taxes on wealthy individuals aim to fund additional benefits such as tip and overtime pay, potentially causing divisions within the Republican Party over fisc...
Read Full Article →The next possible target in Trump’s battle with Harvard: Hiking the tax on its $53 billion endowment
A proposed congressional bill aims to raise the tax rate on large university endowments to 21%, potentially increasing the financial burden on Harvard and similar institutions with...
Read Full Article →Gold ETF investors may be surprised by their tax bill on profits
Investors in gold ETFs should be aware that profits may incur a higher capital gains tax rate of 28%, as the IRS classifies gold and related funds as collectibles.
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