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Taxes 2026: New policy changes for child tax credit, tip deductions, and seniors
Yahoo Finance· 2025-12-23 17:27
Tax Policy Changes - The child tax credit received a $200 boost to the maximum amount for the 2025 tax year [2] - Individuals with tipped income can deduct that on their tax return, effective for 2025 [3] - A new $6,000 deduction per senior is available, subject to income thresholds [5][6] Impact of Tariffs - In 2025, tariffs amount to an estimated $1,100 burden per US household on average [7][8] - If tariffs remain in effect, the burden is projected to grow to about $1,400 per household next year [8] - Customs duties on Christmas lights alone have risen to $45 million this year [9] - Tariffs on holiday items have climbed to upwards of $500 million through the first 9 months of 2025 [11] - Toys and board games are subject to tariffs, increasing their cost [13][15] Offsetting Factors - Tax cuts passed by Congress last year will result in larger refunds [16] - The Treasury Department will adjust withholding tables for lower taxes from each paycheck [16] - Tax cuts in aggregate have a larger revenue impact than the tariff hikes [17]
X @Bloomberg
Bloomberg· 2025-12-23 13:41
Colombian President Gustavo Petro declared an "economic emergency" after congress blocked his attempt to raise taxes https://t.co/1O48dhSCD2 ...
X @Nick Szabo
Nick Szabo· 2025-12-23 00:38
RT nationalistnomad (@nationalisnomad)GIVE WHITE PEOPLE THEIR TAXES BACK.White Americans make up 60% of America and represent 86%-92% of all federal taxes.When we break it down by race we see reality for what it is.This is why they lumped everyone against us. To steal our wealth and to give it to people who are being educated to hate you. ...
X @The Wall Street Journal
The Wall Street Journal· 2025-12-22 20:22
From @WSJopinion: If Mitt Romney wants to pay more taxes, by all means go ahead. He can afford to pay more now, but would he have thought the same when he was 28 and still getting rich?https://t.co/7hjyKxWI21 ...
Insights Into Oracle's Performance Versus Peers In Software Sector - Oracle (NYSE:ORCL)
Benzinga· 2025-12-22 15:01
Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Oracle (NYSE:ORCL) in comparison to its major competitors within the Software industry. By analyzing critical financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding ...
Joe Lavorgna: Pres. Trump has put in place policies that benefit middle- and lower-income workers
CNBC Television· 2025-12-22 14:29
join us now. Looks like he swallowed a caneric count counselor to to uh the Treasury Secretary Joe Leavia. You might actually know things instead of just being conjecturing what you heard this discussion.>> Yeah, I mean there are four great candidates. I mean the street is very familiar with all four and they would all be very good and I think Steve is exactly correct. The secretary is done a very thorough process and is going to give the president that list. He's given the president the list and it's the p ...
Sen. Dave McCormick on 2026 priorities, future of health care and U.S. debt problem
CNBC Television· 2025-12-22 13:18
our next guest planning to discuss his letter to shareholders, the people of the state of Pennsylvania. Want to bring in Senator Dave McCormack of Pennsylvania. Good morning to you. Um it's nice to see you.You've uh you've written this letter. Have your predecessors ever done something like this. Where where did the idea come from.>> You know, I don't I don't think anybody's done it before. Not that I'm aware of, but it just came from, you know, being in business for 25 years and being the CEO of a public c ...
X @Bloomberg
Bloomberg· 2025-12-19 17:31
One of the Conservative Party’s most prominent donors in recent years has shifted his residency away from the UK, the latest in a line of departures as the nation raises taxes on well-heeled residents https://t.co/s2mDbAoHSe ...
‘I don't know how much my wife earns': I'm 63 with $6.4 million in stocks, mostly Apple. Will I get punished on taxes?
MarketWatch· 2025-12-18 13:51
Core Insights - Each property owned by the company is valued at over $1 million [1] Group 1 - The company has a portfolio of properties, each exceeding a valuation of $1 million [1]