Wanting to keep the money you earn and pass it down to your kids is considered radical in 2025.End Wokeness (@EndWokeness):Joy Reid on the fascist agenda:"They want to take us back to no income tax, no regulations, earn what you want, family inherits everything" https://t.co/pb1574eEBh ...

Economic Management Challenges - The Chancellor, Rachel Reeves, is under pressure to reconsider her promise not to increase income tax due to a struggling economy and disappointing tax receipts [1][6] - The government previously attempted to limit growth in the benefits bill but faced significant pushback, indicating a challenging political environment for fiscal restraint [3][4] Fiscal Policy Constraints - Reeves has redefined fiscal rules to allow for more borrowing but has quickly exhausted that capacity, complicating her financial strategy [4] - The Chancellor's commitments to keep costs down and promote economic growth further limit her options for tax increases [5][6] Tax Revenue Insights - The financial gap is estimated between £20 billion and £50 billion, making it difficult for the Chancellor to raise sufficient funds through smaller tax increases [6] - Major tax sources for the Treasury include income tax (approximately £300 billion), National Insurance (over £200 billion), VAT (over £180 billion), and corporation tax (projected to exceed £100 billion next year), while smaller taxes yield significantly less [7]

UK Chancellor of the Exchequer Rachel Reeves could raise £6 billion ($8.1 billion) of income tax without hurting employees by aiming increases at pensioners, landlords and the self-employed, according to an influential think tank https://t.co/PRAkchWx0P ...

Grantor Trust Rules outline the responsibilities of the trust's creator for income and estate tax purposes. https://t.co/FEGQ9Wo0BJ ...

Financial Performance - Daily Journal Corporation reported consolidated revenues of $59,286,000 for the nine months ended June 30, 2025, an increase of $9,228,000 from $50,058,000 in the prior year period, driven by higher license and maintenance fees, consulting fees, and public service fees from Journal Technologies, as well as increased advertising revenues from the Traditional Business [1] - The Traditional Business' pretax income decreased by $1,364,000 to $237,000, primarily due to increased expenses of $2,290,000, despite a revenue increase of $926,000 [2] - Journal Technologies' pretax income increased by $3,947,000 to $4,692,000, attributed to increased operating revenues of $8,302,000, partially offset by increased operating expenses of $4,355,000 [2] - Consolidated pretax income was $94,396,000, compared to $68,195,000 in the prior fiscal year period, with consolidated net income of $69,986,000 ($50.81 per share) for the nine months ended June 30, 2025, up from $51,385,000 ($37.32 per share) in the prior year [5] Marketable Securities - As of June 30, 2025, the Company held marketable securities valued at $443,011,000, including net pretax unrealized gains of $303,917,000, with a deferred tax liability of $79,260,000 for estimated income taxes due upon the sale of appreciated securities [3] Non-Operating Income - The Company's non-operating income, net of expenses, increased by $23,618,000 to $89,467,000, primarily due to net unrealized gains on marketable securities of $84,320,000, compared to realized and unrealized gains of $62,472,000 in the prior fiscal year [4] - There was also an increase in dividends and interest income of $301,000 to $6,158,000 from $5,857,000 [4] Tax Provision - For the nine months ended June 30, 2025, the Company recorded an income tax provision of $24,410,000 on the pretax income of $94,396,000, resulting in an overall effective tax rate of 25.9% [6]

The IRS won’t adjust current income-tax withholding levels for workers and employers to account for Trump’s new tax law, delaying savings from retroactive cuts for most taxpayers https://t.co/wiRJrm5nDW ...

Welcome back. The president saying Andrew Cuomo has a good chance of winning the New York City mayoral race. Despite losing the primary, Cuomo now might run as an independent.Some of the city's wealthiest residents are also banding together to try and defeat Zoran Mandani. He's the Democratic socialist who clinched the Democratic nomination. Robert Frank is here with the effects Mamdani could have on New York and the top earners if he is elected.Robert. Well, Kelly, if you talk to Florida real estate broker ...

Now keep in mind -You’re taxed around ~30% of your income in CA if you make the average income 😵You’re taxed on things you buy 👎🏼Everything has gone up in price 😱This list can go on and on…Everything comes back to physics, and if we’re not moving towards something better, we’re moving to something worse. ...

Legislative Process & Political Maneuvering - A procedural error by Republicans regarding "considering the previous question" paralyzed the House of Representatives for 11 hours [5][7][8] - Democrats strategically used the procedural error to propose amendments protecting Medicaid and SNAP, which were blocked by Republicans [12][13] - The report alleges President Trump used personal appeals to influence Republican lawmakers to support the bill [24][25] Healthcare & Social Programs Impact - The bill is projected to cause 17 million Americans to lose healthcare coverage [17][21] - 42 million people could lose nutritional assistance [22] - In one North Carolina district, 142,000 constituents could lose some or all of their SNAP benefits, and five rural hospitals are at risk of closure [14] Taxation & Economic Impact - The bill is criticized for increasing the national debt by $4 trillion [22] - The report highlights a tax cut for incomes over $10 million, maintaining a 37% rate instead of restoring it to 396% [30][31] - The report claims the bill benefits billionaires at the expense of the middle class and those relying on social safety nets [19][29]