Taxes

L.A.’s ‘Mansion Tax’ A Complete Flop After One Month

Published by Breitbart News | May 9, 2023 Measure ULA, a tax on high-end properties passed by Los Angeles voters in 2022, has flopped after just one month in operation, bringing sales of luxury homes to a halt while raising little money for affordable housing. As Breitbart News previously reported: Measure ULA, if implemented, will require …

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Warning, Homeowners: Property Taxes Are on the Rise Across the Country

Published by REALTOR.com | April 6, 2023 Across the country, many homeowners are being squeezed hard by higher property taxes. For the past few years, the spotlight has been on homebuyers and renters navigating the topsy-turvy housing market. Then the market shifted, and the focus began veering toward home sellers. But what about homeowners? Across …

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Biden Proposes New Minimum Tax on Billionaires, Unrealized Gains

Published by FOX Business | March 28, 2022 The “Billionaire Minimum Income Tax” would establish a 20% minimum tax on all U.S. households worth more than $100 million President Biden has unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and …

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STUDY: 57% of American Households Paid No Income Tax Last Year

Published by FOX Business | March 25, 2022 Households that paid no federal income tax expected to plunge next year More than half of U.S. households paid no federal income taxes in 2021, a temporary spike attributed to massive COVID-19 relief spending in the form of tax credits and stimulus payments. A recent analysis from the …

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