Taxation
For Trump’s ‘no taxes on tips,’ the devil is in the details
For Trump’s ‘no taxes on tips,’ the devil is in the details President Trump’s promise to eliminate taxes on tips may seem like a windfall for service workers, but the fine print reveals a more complex story. The “One Big Beautiful Bill Act” and the “No Tax on Tips Act” propose tax breaks for cash […]
🏛️ Politics
President Trump Announces He Will Revoke Harvard’s Tax-Exempt Status
President Trump Announces He Will Revoke Harvard’s Tax-Exempt Status President Trump has announced that he will revoke Harvard University’s tax-exempt status, citing “what they deserve” as the reason. If confirmed, Harvard would have to pay federal income taxes on its revenue and donations could be lost if donors can no longer claim tax deductions on […]
🏛️ Politics
Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits
Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits, potentially leading to a 21% cut in monthly checks for recipients by 2036. The program’s funding outlook […]
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