taxes
Coverage of taxes in the Nexus archive.
- Hochul swipes back at Blakeman blaming her for rising NY costs – as new poll hints gov’s race is tightening
Hochul responded to a Blakeman campaign mailer that blamed her and New York City Mayor Zohran Mamdani for 'sky high taxes, rising utility bills and out of control crime,' calling the claims 'pure fantasy.' A new poll suggests the governor's race is tightening.
- Why Flying Within Central America Costs More Than Reaching Miami
Flights between Central American capitals can cost $600-$700, often exceeding the price of a flight to Miami, due to taxes and airport fees that account for 70% of the fare. Officials are seeking reforms under the CA-4 initiative to address the issue.
- V. Sivankutty slams Kerala CM’s ‘reverse remittance’ remarks on migrant workers
V. Sivankutty criticized Kerala Chief Minister's remarks on reverse remittances, arguing that migrant workers' contributions to the state economy are not adequately recognized. The CM claimed money earned in Kerala flows to other states, and migrant workers primarily contribute through taxes from liquor consumption.
- Kerala CM promises new models beyond PPP to make private developers part of State’s growth
Kerala Chief Minister P. Satheesan has pledged to introduce new models beyond public-private partnerships (PPP) to involve private developers in the state's growth. The government emphasizes it will not increase taxes to fund these developmental activities.
- Mamdani admits he wants to end his ‘one-sided beef’ about taxes with 50 Cent
Mamdani wants to resolve his disagreement with 50 Cent over tax policies. Mamdani supports increasing taxes on the wealthiest, while 50 Cent opposes this.
- New questions about Trump's taxes after financial disclosure release
President Trump's financial disclosure has sparked questions about potential ethical concerns regarding profiting from the presidency and the amount of taxes he pays.
- Andy Burnham rules out 'crude cuts' to welfare - as he hints that taxes will have to rise
Andy Burnham has ruled out 'crude cuts' to welfare and indicated that taxes may need to increase. The statement suggests a shift in policy approach to address financial challenges.
- BlackRock CEO Larry Fink 'worried' about NYC under Mamdani, floats investing elsewhere under weaker conditions
BlackRock CEO Larry Fink expressed concern about New York City's future under Mayor Zohran Mamdani, citing potential tax impacts on the city's finances and considering alternative business locations if conditions worsen. Fink criticized the city's '13 years of weak administrations' and highlighted disparities in tax services, comparing New York's system to the Netherlands. He stated BlackRock could shift resources if the New York environment deteriorates.
- King Charles III will not live at Buckingham Palace after its costly refurbishment
King Charles III will not reside at Buckingham Palace following its refurbishment. He disclosed his tax payments during a briefing on royal finances.
- Democrats want us to focus on Graham Platner’s policies. He fails Maine there, too
Graham Platner, the Democratic candidate for Maine's Senate seat, faces criticism over personal controversies and policy positions. The article argues his progressive policies, including higher taxes and energy mandates, exacerbate Maine's cost-of-living crisis.
- Looking for areas where Michael Bennet and Phil Weiser differ on policy? There aren’t many.
Michael Bennet and Phil Weiser, Democrats running for Colorado governor, have focused their campaign contrasts on President Donald Trump rather than issues like housing and taxes. The article notes there are few policy differences between the two candidates.
- Whose tax bill has risen most? Endless hikes have left households paying up to 90 different taxes - we reveal the biggest losers
The article highlights that households are facing up to 90 different taxes due to continuous hikes, identifying the biggest losers in the tax increases. It focuses on the rising burden of multiple tax obligations on individuals.
- Raise Social Security taxes — and cut benefits, too
The article argues for increasing Social Security taxes and reducing benefits to ensure the program's sustainability. It emphasizes that prompt action is necessary to minimize future financial strain on Americans.
- Gavin Newsom accuses Trump of launching political probe into him. The real issue may be his wife’s taxes
Gavin Newsom claims the Justice Department is conducting a politically motivated investigation into him and his wife, alleging it is part of a broader effort by the Trump administration to target political opponents. The probe reportedly includes inquiries into his wife's taxes and has expanded to involve his family and professional network. The Justice Department did not comment on the allegations.
- PTI rejects federal budget for FY2026-27, terms it an 'exercise in elite self-preservation'
PTI, the main opposition party, rejected Pakistan's Rs18.8 trillion federal budget for FY2026-27, criticizing it as prioritizing elite interests over economic recovery and民生 challenges. The party accused the government of relying on remittances and foreign borrowing while imposing taxes that disproportionately burden the poor and small businesses.
- There’s no such thing as ‘other people’s money’
Lee Russ challenges Matt Swenson's argument that Vermont legislators are detached from the working class, asserting that taxes fund social programs using everyone's money. Russ criticizes the conservative notion of 'other people’s money' as a propaganda tool that ignores the shared responsibility of funding public services.
- EXCLUSIVE: New survey finds Californians increasingly worried about retirement security
A new statewide survey by FM3 Research reveals 94% of California voters are concerned that the state's high cost of living and taxes are making retirement savings increasingly difficult.
- Tom Kerridge warns young workers 'just don't exist' in the business anymore as soaring wages and taxes hit hiring
Tom Kerridge warns that young workers 'just don't exist' in the business anymore, citing soaring wages and taxes as factors impacting hiring.
- The red state, blue state divide is real. But it's driven by more than just politics
The red state, blue state divide is real but influenced by factors beyond politics, such as taxes and safety. Research indicates ideological sorting involves multiple deciding factors, not just political alignment with a region.
- Tech industry wins big in California primary election with millions spent paying off
Silicon Valley secured political advantages in California's primary election through significant campaign donations, despite its preferred gubernatorial candidate finishing sixth. The tech industry's strategy focused on influencing smaller elections to oppose regulations, taxes, and AI restrictions, aiming to maintain business dominance.
- Andy Burnham compared to tyrannical 'Sheriff of Nottingham' after boasting of hitting Manchester with highest taxes of any mayor
Andy Burnham was compared to the tyrannical 'Sheriff of Nottingham' following his claim of imposing the highest taxes on Manchester as mayor. Critics used the historical figure as a metaphor to criticize his tax policies.
- You’re going to pay tax on RMDs — there’s no way around it. Or is there?
The article discusses the inevitability of paying taxes on Required Minimum Distributions (RMDs) and introduces a new strategy to protect retirement savings. It suggests a 'playbook' to safeguard retirement cash despite tax obligations.
- Starmer repeatedly fails to say he will cut benefits in PMQs mauling by Kemi Badenoch - after ally's warning that Labour MPs just want to hike taxes for more handouts
Starmer repeatedly avoided committing to cutting benefits during a PMQs session with Kemi Badenoch. An ally warned that Labour MPs aim to increase taxes to fund more handouts.
- Labour backbench MPs say McFadden’s messages have not derailed welfare reform
Labour backbench MPs state that messages from work and pensions secretary McFadden have not hindered welfare reform. The Conservative Party (Tories) are using these messages to argue that taxes are being increased to fund benefits.
- Billionaires vs. unions: A tax fight that’s really a battle for SF’s soul
The article discusses Measures C and D, which propose changes to San Francisco's tax system. It highlights the conflict between billionaires and unions over funding and the implications for the city's future.
- Labour ‘not looking to raise taxes to fund benefits’ as Mandelson messages suggest
Labour MPs deny planning to raise taxes to fund benefits, as Nick Thomas-Symonds defends messages between Pat McFadden and Peter Mandelson. McFadden's messages criticized the focus on taxation for benefits, stating meetings revolve around 'who can we tax in order to pay benefits to others.'
- Mandelson files fire up row over taxes ‘to pay benefits’
Mandelson's files have sparked a dispute over taxes aimed at funding benefits. Pat McFadden's claim regarding backbenchers' views on taxes could hinder the government's youth unemployment review.
- Trump makes late-night endorsements in six states ahead of Tuesday primaries, including California
The president called Gavin Newsom 'Gavin Newscum' and claimed crime is increasing and taxes are the highest in the country. Trump made endorsements in six states ahead of Tuesday primaries, including California.
- Win the lottery? Where you'll lose the most to taxes
Winning the lottery can significantly reduce the prize due to taxes, making the tax impact a major consideration for winners.
- Win the lottery? Where you’ll lose the most to taxes
Winning the lottery is presented as a positive event, but the article highlights that taxes significantly reduce the prize amount. The tax burden is emphasized as a major drawback for winners.
- Thousands of new build London homes lie EMPTY as service charges, taxes and high prices put off buyers and investors
Thousands of new build London homes remain empty as high service charges, taxes, and prices deter buyers and investors. The issue highlights challenges in the London housing market.
- Jeff Bezos gets taxes right — and very, very wrong
The article discusses Jeff Bezos's perspective on taxation, arguing that while the wealthy can afford high taxes, relying on a small group to fund government operations is destabilizing for a country. It critiques the imbalance in tax reliance.
- Narendra Modi gives India’s elite a taste of the bad old days
Narendra Modi's recent actions target India's elite by emphasizing tax compliance and public lectures, evoking a return to stricter governance. The article critiques this approach as reminiscent of past authoritarian practices.
- I’m 67. Our family trust earns $300,000 annually for my kids. How do I ensure they won’t get killed on taxes?
A 67-year-old individual seeks advice on minimizing tax burdens for their children by distributing a family trust's $300,000 annual income to them, aiming to reduce the trust's tax liability. The strategy involves transferring income to beneficiaries to avoid high trust taxation.
- Washington business owner says crime, soaring costs forced him to rent out home, bathe with bucket
Jon Bodwell, owner of Delta Camshaft, a 48-year-old Washington manufacturing business, is relocating out of state due to rising costs, crime, and a deteriorating political climate. He now lives in his factory, uses a bucket for bathing, and rents out his home to offset expenses, citing soaring taxes, health insurance, and energy costs as key challenges.
- Taxes, program cuts and Newsom's legacy on the line in budget negotiations
California Governor Gavin Newsom's handling of the state's chronic spending deficit during budget negotiations will significantly impact his legacy as a steward of taxpayer dollars. The outcome could either resolve the fiscal issues or leave them for the next administration.
- How easy is it to sell bitcoin?
A Reddit user asks about the liquidity of Bitcoin, the ease of selling it, and tax implications for crypto investments.
- California's top candidates for governor spar over the state's woes
A televised debate among six leading candidates for California governor highlighted partisan divides over issues like homelessness and taxes. Democratic candidates struggled to differentiate themselves in a chaotic race with no clear leader, marking the first time in a generation that California has a wide-open gubernatorial contest.
- Bill Maher, Woody Harrelson sound off on California business climate, say state deserves to be 's--- on'
Comedians Bill Maher and Woody Harrelson criticized California's business climate, citing high cannabis taxes and regulatory challenges. They co-own a West Hollywood dispensary, The Woods, and argued that the state's 35% combined tax rate (including local and state sales taxes) makes it difficult to operate. California has seen a net loss of corporate headquarters, particularly in the San Francisco Bay Area, since 2018.
- Buy & Hold vs Buy & Sell
A Reddit user recounts a past friend's mockery of their Bitcoin investment in 2019 and their recent attempt to reconnect over shared ownership. The user, who has held Bitcoin without selling, debates the merits of 'buy and hold' versus 'buy and sell' strategies, citing transaction fees and taxes as drawbacks to frequent trading.