Taxes
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X @Investopedia
Investopedia· 2025-07-21 14:30
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]
X @Bloomberg
Bloomberg· 2025-07-17 00:06
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 ...
Here's how wealthy New Yorkers could be impacted by Zohran Mamdani's policies
CNBC Television· 2025-07-16 15:46
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]
Top Dems debate Zohran Mamdani's policies
MSNBC· 2025-07-15 18:40
Are we starting with the premise that for the past 30 or 40 years things have gotten worse for workingclass New Yorkers. It is more unaffordable. So if you start with that premise, we can't stay status quo.Now I'm oriented around the nature of as we build affordable housing, what is the price point. Can we get people with two kids living in the city so that they can work at Fizer. I'm less worried about the Fiser seuite. I'm worried about the Fiser clerk.I I don't think New York residents are undertaxed. Uh ...
