Independent thinking for complex markets and current events
🚨NYC Mayor socialist Zohran Mamdani has proposed lowering the exemption on the death tax (estate tax) from $7.1 million down to only $750,000. He would also increase the death tax from 16% to 50%. No other jurisdiction in the USA confiscates wealth at death from people with… pic.twitter.com/FMEXCxFyVG — Wall Street Mav (@WallStreetMav) March 13, …
Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, …
Trump’s latest tax pitch isn’t new. It’s redundant. On July 22, he floated the idea of eliminating capital gains taxes on home sales. The problem? That tax already doesn’t apply to most sellers. Since 1997, federal law has allowed homeowners to exclude up to $250,000 in gains if single, or $500,000 if married filing jointly. …
NATO allies will meet in The Hague next week and are expected to agree to significantly boost military expenditure, but Madrid is reluctant. Spain wants a carve-out from NATO’s likely future defense spending goal of 5 percent of GDP, the country’s Prime Minister Pedro Sánchez said ahead of next week’s high-stakes alliance summit in The …
BREAKING: 🇪🇺🇨🇳 EU airlines saying they’re going to start buying Chinese COMAC planes instead of American Boeings in response to the tariffs- RCE This was announced by the Irish Ryanair. Reuters reports that US lawmakers immediately began threatening the company. pic.twitter.com/vlRz4C4ttT — Megatron (@Megatron_ron) May 2, 2025 🔴 Japan negotiators firmly opposed US proposal – …
BREAKING: There is reportedly “significant division” inside the White House over Commerce Secretary Lutnick’s comments on the temporary nature of the tariff exemptions this morning, per Fox News’ Charles Gasparino. — The Kobeissi Letter (@KobeissiLetter) April 13, 2025
🚨 “Ireland is my favourite tax scam – it’s gotta end” Howard Lutnick did not hold back in a recent interview. Rightly or wrongly he has Ireland directly in his sights. What is Plan B?? pic.twitter.com/9ThtlC24gL — Nick Delehanty 🇮🇪 (@Nick_Delehanty) March 21, 2025
Selling a home is now so profitable that many more Americans are getting hit with an unexpected tax bill. Roughly 8% of 2023 home sales brought windfalls over the $500,000 limit for couples to be exempt from capital-gains taxes, more than double the share in 2019, according to CoreLogic, a real-estate data firm. More sellers …
And we have more on the Change hack today, with @moetkacik delving into the history of UnitedHealth's monopolization of key pieces of medical infrastructure, & how that by itself badly damaged health care in America:https://t.co/JBKlGE1ZMB — David Dayen (@ddayen) March 11, 2024 Last Thursday, the medical colossus UnitedHealthcare applied for an emergency exemption that would …
That’s a wonderful initiative by Hungary! Encouraging families and supporting citizens is commendable. This policy has already been in place for 5 years. https://t.co/k8466oJSr9 Alongside more recent ideas such as a mortgage loan discount and a ~20% p.a. government bond (!) for parents. It slightly reversed the downward trend, but 1.5 is still below the …