After failing to block from the ballot a measure that would enact a billionaire tax in his state, California Gov. Gavin Newsom is now proposing a national wealth tax of his own. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. In a lengthy Substack post and video … Read more
The British royal family started paying income tax in 1992, but this year they revealed how much they actually paid. Meanwhile, King Charles is also upending royal tradition, saying he and Queen Camilla won’t live at Buckingham Palace after its nearly 10-year renovation is completed. Source link
WASHINGTON — The IRS did better than expected getting refunds out to taxpayers during the 2026 tax season despite massive cuts to its workforce — but the national taxpayer advocate says taxpayers who needed human help were left behind. “Taxpayers who required assistance from the IRS often struggled to get it,” said Erin M. Collins, … Read more
NEWYou can now listen to Fox News articles! FIRST ON FOX: Donald Trump will host farmers, ranchers, cattlemen and agricultural producers from across the country for dinner at the White House on Thursday, a White House official confirmed to Fox News Digital, as the administration looks to spotlight an industry that has long been a … Read more
Democratic Socialists push progressive agenda in NYC primaries Fox News national correspondent Bryan Llenas reports on the New York City primary, highlighting the influence of Democratic socialists. Candidates backed by Zohran Mamdani advocate for abolishing ICE and all deportations, even for convicted murderers. NEWYou can now listen to Fox News articles! The owner of a … Read more
WASHINGTON — The Supreme Court on Tuesday rejected an effort to change tax foreclosure sales to let homeowners to keep more money when their property is sold to recoup unpaid taxes. The high court ruled against a Michigan family whose house was sold for less than half its open-market value to cover an unpaid tax … Read more
Unions quietly fight over the November referendum, while Gov Newsom looks to buy off the SEIU. Source link
The Los Angeles District Attorney announced on Thursday that felony state tax evasion charges have been filed against comedian Carlos Mencia, accusing him of failing to report $8.7 million in income over a six-year period. The 58-year-old comedian’s real name is Ned Arnel Holness, but he goes by Carlos Mencia professionally. Hochman called Mencia “One … Read more
The development sets up a high-stakes showdown between the healthcare workers’ union pushing the levy and top political, business and labor leaders fighting it. Source link
A proposal to raise taxes on the wealthiest Californians has qualified for the November ballot, state officials said Wednesday, setting up what could be an expensive and divisive fight. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The so-called billionaire tax — which has divided Democrats in the … Read more