Government taxation and revenue
Exchange-traded funds have a ‘tax magic’ that many mutual funds don’t offer
ETF Strategist Exchange-traded funds have a ‘tax magic’ that many mutual funds don’t offer Published Mon, Dec 30 20242:30 PM EST Greg Iacurci@GregIacurci WATCH LIVE Source
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Japan’s cabinet approves record $730 billion budget for next fiscal year
Pedestrians walk in front of the Bank of Japan head office building in Tokyo on April 27, 2022. The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the Covid-19 pandemic. […]
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Japan’s budget to hit record, but with reduced new bond issuance, Reuters reports
Pedestrians walk past the Finance Ministry building in Tokyo March 13, 2009. Toru Hanai | Reuters Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’s heaviest debt, a draft seen by Reuters showed. The 115.5 trillion […]
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Over $100 trillion in wealth is about to be inherited — here are the biggest winners
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the […]
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If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Your Money If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says Published Tue, Dec 10 20243:45 PM ESTUpdated 3 Hours Ago Greg Iacurci@GregIacurci WATCH LIVE Source
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Republicans gear up for the coming battle over $5 trillion tax cut’s costs
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to […]
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Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests
Chip Somodevilla | Getty Images President-elect Donald Trump proposed sweeping new tariffs while on the campaign trail. The self-proclaimed “Tariff Man” has said he could impose such levies on U.S. imports without Congress’ approval. There’s debate among economists and other experts as to whether he could do so. Sen. Rick Scott, R-Fla. — one of […]
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The next U.S. president could face a tax battle in 2025 — here’s what it means for investors
This combination of pictures created on October 25, 2024 shows US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and former US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Getty Images As millions of Americans cast ballots on election day, […]
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Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
Former President Donald Trump stood by his idea to end income taxes and substitute them with tariffs in a Friday interview with Joe Rogan, the host of one of the most widely listened to podcasts in the world. “Did you just float out the idea of getting rid of income taxes and replacing it with […]
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Trump tax plans could exempt 93 million Americans from income taxes
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, or just under half of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income […]
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