New York City’s marathon season is in full swing, with runners clocking miles in flashy gear from Brooklyn to the Bronx. But they're racking up more than just steps — boosting the labor income, tax revenue and business activity in the city. Read more: https://t.co/fgM2gY6hDz📷: Michael Nagle/Bloomberg ...

Economic Growth & Tax Revenue - Nigeria is projected to achieve its 2025 tax revenue target earlier than anticipated [1] - Tax collections last month are nearing the government's annual target [1] - Strong economic growth is contributing to the increased tax revenue [1]

Taxation Trends - Local governments are increasing taxes on vacation homes of wealthy individuals to generate revenue [1] - Rhode Island implemented a property tax on primary residences valued at $1 million or more, adding $5 for every $1,000 in assessed value [2] - Montana is implementing a tax that will raise property taxes by 68% for vacation homes while lowering taxes for full-time residents [4] - Cape Cod is considering a special transfer tax on homes sold for over $2 million [4] - Los Angeles' new mansion tax on sales over $5 million has raised less than half of the expected $1 billion per year [4][5] Housing Market Impact - These taxes are aimed at addressing housing market affordability issues, where many Americans cannot afford homes [5] - The luxury and vacation home market has been booming due to all-cash buyers [5] - Revenue generated in Rhode Island and Montana will go towards property tax relief for full-time residents and housing affordability programs [6] Alternative Approaches - Some European countries, like Spain, are implementing laws to restrict renting out houses in resort towns to address affordability issues [7] - Montana taxes short-term rental leases like second homes, aligning with hotel tax regulations [8]

Taxation Trends - Blue cities and states are exploring methods to increase revenue from their wealthiest taxpayers [1] Geographic Focus - Initiatives are being considered across the United States, from Washington state to Rhode Island [1]

An Estonian initiative catering to digital nomads brought in a record €68 million ($79.2 million) in tax revenue and fees in the first half of the year, according to the government https://t.co/DVdOSeuoaG ...

UK has insanely high tax, bad weather, violent migrants running wild, police going after X users, bad crypto regs.... AND THEY THINK THEY CAN INCREASE TAXHAHAHAHHAHAAlex Recouso (@alexrecouso):🇬🇧 The recent capital gains tax increase in the UK was expected to bring additional tax revenue.Instead, high-net-worth individuals and families are leaving the country leading to an 18% fall in net capital gains tax revenue. A £2.7b loss.Welcome to the Laffer curve, suckers. https://t.co/f8zWaHPO2l ...

We project in our economic modeling that that would shave, you know, roughly 90 basis points off of growth in 2025 as a result of that, which is a major headwind. I like to emphasize to people though, like that is not a recession necessarily. If you were at 2% growth for 2025, now you're at 111 as a result of the tariffs.That is lower, but that is still positive. We have gotten more tax revenue as a result of tariffs. It absolutely does mean that people are paying it, people in companies.We wouldn't be rais ...

Government Revenue - Nigeria collected more than half of its targeted annual tax revenue in the first six months [1] Economic Factors - Oil price dropped below budget projections [1]

If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else.Wall Street Mav (@WallStreetMav):How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?Annually:US govt total reveneue = about $5 trillionUS govt interest on debt = about $1.2 trillionUS govt spending = about $7 trillion https://t.co/d0te2sZ7is ...

This is a very important slide. Um it illustrates the laugher curve. Uh when you cut taxes, if tax rates are too high, uh then you the revenue actually will increase.Why is that. Uh because companies and individuals stop using tax shelters and uh and stop trying to avoid taxes. So here you can see the history of the corporate tax rate and that is the black line there and you can see over time uh what has happened.This goes back to uh the early 1900s when uh we first put in place various income tax rates. Uh ...