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87°
Thursday, jun 18
Tag:
Tax Policy
Business
DJs, Dog Walkers, Uber Drivers: See Who May Qualify For 'No Tax On Tips'
From bartenders and cooks to podcast hosts and social media influencers, a wide range of jobs are included under a so-called "no tax on tips" rule. The Treasury Department has released a sweeping preliminary list of jobs that may not have to pay federal tax on tip income. The provision is part of the spending law previously named the "One Big Beautiful Bill" that Congressional Republicans passed in July. The draft includes restaurant servers and bartenders, hairdressers, taxi drivers, tour guides, and even digital content creators. To qualify, a job must have "customarily and regu…
Real Estate
Inside The Mansion Tax: Why Selling A House In New Jersey Just Got Way More Expensive
New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …
Politics
Trump Hits Back At Musk For Bashing Tax Bill: 'I’m Very Disappointed In Elon'
Just days after presenting him with a golden key to the White House, President Donald Trump is now firing back after Elon Musk's social-media tirade against Trump's so-called "big, beautiful" tax-and-spending bill back by Trump and Republican lawmakers. Click here for a new, updated story - Gloves Off: Musk Says Trump's In Epstein Files, President Threatens To Cut SpaceX Funding The Tesla CEO and now-former head of the Department of Government Efficiency (DOGE) blasted Trump’s tax-and-spending package on social media. The bill would make the 2017 Trump tax cuts permanent, expand the…
Politics
'Disgusting Abomination': Elon Musk Rips Trump's 'Big Bill' Days After White House Departure
Saying "I just can't stand it anymore," Elon Musk has issued blistering criticism of the Republican spending plan that President Donald Trump has described as a "big, beautiful bill." The Tesla CEO and now-former head of the Department of Government Efficiency (DOGE) blasted Trump’s tax-and-spending package in a social media post Tuesday, June 3 calling it a “disgusting abomination.” “I’m sorry, but I just can’t stand it anymore,” Musk wrote on his X platform. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.” The bill, which extends …
Politics
Trump Taps Former University Of Maryland Professor For Economic Policy Advisor
Incoming President Donald Trump announced key senior staff appointments to the White House National Economic Council, including a face familiar to some in Maryland. Andrew Lyon, a former University of Maryland economics professor with decades of experience in government and private sector roles, has been tapped by Trump to serve as Special Assistant to the President for Economic Policy. Lyon, who previously served under two Republican administrations, will focus primarily on tax policy in his new role, the Trump team announced this week. The seasoned economist has an impressive resume…
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