Topline No one bagged Monday night’s billion-dollar Halloween Powerball draw, sending the jackpot soaring to $1.2 billion for the next draw on Wednesday, the lottery said, though any lucky winner will...
Tag: Tax
40% of households will pay no federal income tax this year. Why that’s good news.
Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic...
Biden raises prospect of windfall tax on oil companies
President Joe Biden waves before boarding Air Force One at Delaware Air National Guard Base – AP Joe Biden is to raise the possibility of a windfall tax on energy companies in a speech to Congre...
Trump Asks Supreme Court To Stop Congress From Accessing His Tax Returns
Topline Former President Donald Trump asked the Supreme Court to stop a House committee from viewing his tax returns in a Monday afternoon court filing, a last-resort attempt to block Congress from re...
Trick Follows Treat For Big Oil As Biden Pushes New Tax On Windfall Profits
Biden voted early with granddaughter Natalie on October 29, in Wilmington, Delaware. AFP via Getty Images Big Oil is accustomed to politicians tagging them as the bogeyman. But a presidential condemna...
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the pretax amount you’d get if you were to receive your windfal...
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend ‘millionaire tax’ revenue While the proposed taxes sound similar, there are differences in how each state plans to use the revenue. In Massachusetts, assuming vot...
How to Avoid The Marriage Tax Penalty
SmartAsset: What the Marriage Tax Penalty Is and How to Avoid It Marriage is what brings us together, but along with the matrimonial duties come legal and financial responsibilities. That includes tax...
The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join t...
Costa Rica Considers Tax Exemption for Bitcoin Transactions
Costa Rican lawmakers are working to make the country a Bitcoin-friendly nation and have proposed to significantly lower taxes on cryptocurrencies. Costa Rican lawmaker Johana Obando this week present...
DAOs Favor Classic Tax Havens, Pass Up Crypto-friendly US States
Proper legal frameworks need to be developed to protect individual members of DAOs for being personally liable for actions and obligations Wyoming’s laws do not take into account the uniqueness of DAO...
LUNA Tax Burn Now Supported by Bitfinex: Details
Yuri Molchan Bitfinex has resumed operations for depositing and withdrawing LUNA, beginning to support LUNA tax burn system Disclaimer: The opinion expressed here is not investment advice – it is prov...
More than 40% of U.S. households will owe no federal income tax for 2022
More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analysis. An estimated 72.5 million households — o...
Australia To Impose Crypto Tax, Crypto Daily TV 27/10/2022
In Todays Headline TV CryptoDaily News: Cash App now supports bitcoin lightning payments. Michael Rihani, product lead at mobile payment service provider Cash App, has confirmed that the firm’s ...
Australian government release a new update on crypto tax
The Australian government has announced that Bitcoin will continue to be seen as a digital asset and not categorized as assets taxed. This new update is coming from speculation on how the new governme...
Australia Won’t Stop Charging Capital Gains Tax on Crypto
Australian crypto businesses had hoped the government would change the way it approaches digital assets The government cited El Salvador’s adoption of legal tender as fuel for confusion over crypto ta...
Glassnode Acquires Crypto Portfolio Tracking Tax Platform Accointing.Com
Leading crypto market intelligence provider Glassnode has acquired crypto portfolio tracking tax platform Accointing.com to allow users to track their portfolios in one place. Glassnode is an on-chain...
Apple to allow in-app purchase of NFTs, subject to 30% tax rate
Tech giant Apple has announced guidelines to direct how developers create and facilitate in-app purchases of non-fungible tokens (NFTs) on their iOS apps. In the updated App Store review guidelines, A...
What investors need to know about the latest crypto tax reporting rules
Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or n...
New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges, marking the first time its codified specific rules for NFTs. The new rules...
New Apple Regulations Strengthen on 30% NFT Tax and Geo-Limits Exchange
35 mins ago | 2 mins read NFT News Apps will be prohibited from including buttons, external links, or other calls to action. The company has come under fire for applying its 30% commission on NFT sale...
Hold Onto More Crypto by Leveraging the Right Crypto Tax Tool
If we were to make a list of things that crypto users hated, the “tax man” might make the top five. After all, crypto as an industry was originally created with an anarchist idealogy in mind, at least...
Trump Organization’s Criminal Trial For Tax Fraud Starts—Here Are The Consequences It Could Face
Topline Jury selection begins Monday in the Trump Organization’s criminal trial for alleged tax fraud—which will only result in the company having to pay monetary damages if it’s found guilty, though ...
3.2B Terra Classic Burnt In A Week, 168M By 0.2% TAX, As Total LUNC Burns Surpass 22B
– Advertisement – The number of Terra Classic (LUNC) burns continues to gain momentum. Billions of Terra Classic tokens are burnt every week with the aid of Binance. According to data from...
As They Wholly Redefine ‘Inflation,’ Republicans Hand Dems the Tools to Shoot Down Tax Cuts
In his latest “Wonder Land” column for the Wall Street Journal, the great Daniel Henninger observed that President Biden denies “some $4 trillion in federal spending during his term has anything to do...