Crypto industry braces for incoming White House 'regulatory Bible' on rules, bitcoin reserve, and taxes https://t.co/EB5BW77lt8 ...

Debt & GDP Ratio - UK government debt stands at 101% of GDP [1] - Government spending accounts for 45% of GDP [1] - Government borrows to cover interest payments, indicating unsustainable fiscal policy [1] Doom Loop Mechanism - Increased taxes to fund debt reduces economic growth [2] - Reduced growth leads to decreased investment [2] - Decreased investment causes wealth creators (the 1% who pay 30% of taxes) to leave the system [2] - Wealth creators leaving necessitates even higher taxes [2] Potential Solutions - Government needs to cap spending at 35% of GDP [3] - Creation of special economic zones or tax breaks to attract wealth creators and investment [3] - Implementation of fiscal responsibility, ceasing money printing and further borrowing [3]

Economic Policy & Taxation - High corporate tax rates (175% plus city taxes) are driving businesses away to states with lower taxes like Florida, Georgia, North Carolina, South Carolina, Texas, and Tennessee [1] - High personal income and sales taxes (approximately 9% each in the city) exacerbate the problem of businesses fleeing New York City [1] - Congestion pricing has reduced foot traffic for businesses, especially small and mid-sized businesses, making it difficult for them to pay rent [2][3] - The city and state are perceived as making it "impossible to stay" for businesses [3] Housing Affordability - High rents in Manhattan require young professionals to have multiple roommates, even with salaries around $150000 [3][4][5] - Young people are struggling to afford housing, student loans, and basic necessities, leading to anger and potential relocation out of state [5][6] Public Safety & Law Enforcement - The city needs to hire 7000 more police officers [16] - Madison Square Garden and universities like NYU and Columbia should pay their fair share of property taxes to fund the hiring of more police officers [16][17][18] - Police officers need to have their qualified immunity restored to effectively do their jobs [18][19][20] Political Landscape - The Democratic Party is perceived to have shifted towards socialism [11][12] - The Republican candidate aims to attract millennial and Gen Z voters by addressing issues like crime [14][15][16] Immigration - The city needs to find a way for immigrants to legally work, especially in the hospitality industry, to preserve businesses [30]

President Donald Trump suggests Prime Minister Keir Starmer needs to lower taxes, cut immigration and stop crime in the UK if he wants to beat populist Nigel Farage in the next general election https://t.co/RkKNP61IHd ...

RT Autism Capital 🧩 (@AutismCapital)🚨NEW: Mike Benz @MikeBenzCyber says that New York should be a "sanctuary state" if NYC want to be a sanctuary city so badly -- meaning a sanctuary from paying taxes until they clean up the streets. https://t.co/t5Vjo7sJRp ...

Intuit's Use of LLMs in TurboTax - Intuit successfully processed 44 million tax returns for tax year 2023, aiming to provide users with high confidence in their tax filings and ensure they receive the best deductions [2] - Intuit's Geni experiences are built on GenOS, a proprietary generative OS platform designed to address the limitations of out-of-the-box tooling, especially concerning regulatory compliance, safety, and security in the tax domain [4][5] - Intuit uses Claude (Anthropic) for static queries related to tax refunds and OpenAI's GPT-4 for dynamic question answering, such as user-specific tax inquiries [9][10][12] - Intuit is one of the biggest users of Claude, with a multi-million dollar contract [9][10] Development and Evaluation - Intuit emphasizes a phased evaluation system, starting with manual evaluations by tax analysts and transitioning to automated evaluations using LLM as a judge [16][17] - Tax analysts also serve as prompt engineers, leveraging their expertise to ensure accurate evaluations and prompt design [16][17] - Key evaluation pillars include accuracy, relevancy, and coherence, with a strong focus on tax accuracy [20][24] - Intuit uses AWS Ground Truth for creating golden datasets for evaluations [22] Challenges and Learnings - LLM contracts are expensive, and long-term contracts are slightly cheaper but create vendor lock-in [25][26] - LLM models have higher latency compared to backend services (3-10 seconds), which can be exacerbated during peak tax season [27][28] - Intuit employs safety guardrails and ML models to prevent hallucination of numbers in LLM responses, ensuring data accuracy [40][41] - Graph RAG outperforms regular RAG in providing personalized and helpful answers to users [42][43]

Due to the One Big Beautiful Bill Act, it may be more expensive to lower your student loan payment by filing your taxes 'Married Filing Separately.'https://t.co/gv3rltsMC3 https://t.co/3yreKCG9mp ...

Retirement Planning - 401(k) can be rolled over into a Roth IRA [1] - Taxes are applicable during the transition from 401(k) to Roth IRA [1] - Withdrawals from Roth IRA are tax-free [1]

Brazil’s Supreme Court upheld much of President Lula’s decree that increased taxes on financial transactions, providing the embattled leftist a fiscal boost ahead of next year’s election https://t.co/TV30WDDoeb ...

Market Trends & Potential Risks - Zoran Mandani's primary win in New York City's mayoral race has sparked wealth panic, with some business owners and developers threatening to leave if he becomes mayor [1] - Florida real estate brokers have seen a surge of interest from wealthy New Yorkers after Mandani's primary win [2] - Developers are freezing projects in New York, and business owners are considering shutting down or leaving the city if taxes increase [2] - Governor Hokll stated that he doesn't want to lose any more people to Palm Beach, indicating resistance to raising city income taxes [4] - Safety concerns, particularly regarding the NYPD and proposed changes to policing strategies, are a significant factor influencing decisions to stay or leave New York City [6][7][8] Financial & Economic Impact - Mandani proposes adding a 2% income tax on New Yorkers making $1 million or more a year [2] - This would bring the top combined city and state income tax rate to 168% and the combined federal, state, and city rate to 538% for top earners in New York City [3] - Despite concerns, 72 contracts were signed for properties priced at $4 million or more since Mumani's election, up 13% from last year [5] - New York's millionaire population has doubled over the past decade, with over 33000 people worth $30 million or more [5] Political Landscape - The mayor's power is limited due to the influence of the governor, especially regarding taxes, safety, and sanitation [11] - Zoran Mandani is perceived as a better candidate than expected and is seen as engaged in listening to concerns [10]