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State Senate Agrees Online Sales Taxes Should Benefit Local Governments

In a rare bipartisan agreement, state Senate members from both liberal and conservative sides concur that online sales taxes should benefit the local governments where transactions occur, rather than distant cities. This move aims to address concerns over tax kickbacks and support local economies.

Biden Proposes 45% Capital Gains Tax, Impacting Retirement Savings

President Biden’s proposal to increase the capital gains tax to 45% could impact retirement savings for millions of Americans. The proposed tax hike aims to support a federal budget of $6.3 trillion, potentially reducing spending and savings, and affecting investment and economic growth.

MicroStrategy’s Michael Saylor Settles Income Tax Fraud Case

MicroStrategy’s Michael Saylor has reached a settlement over income tax fraud allegations. Authorities claimed he did not pay income taxes to Washington, D.C., despite residing there from 2005 to 2020. The settlement aims to resolve the long-standing dispute.