Calls to increase the taxation of the wealthy have resurfaced in New Zealand after a report by the country’s tax department found that the wealthiest Kiwis paid less effective tax than most others. Inland Revenue (IRD) conducted a two-year investigation into how much tax the wealthy people in New Zealand pay based on the full…
Report Finds Wealthiest New Zealanders Pay Half the Tax of Most, Sparking Calls For Tax Hikes
April 27, 2023
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How to Avoid Paying Dividend Taxes
March 30, 2023
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Receiving dividends regularly provides an excellent opportunity to earn more money. If you are retired, the money can supplement your income and make it more comfortable. The good news is that there are some tactics you can use to avoid dividend taxes. The Capital Gains Tax Rate Taxes on dividends partially depend on how much…
How to Maximize Your Tax Exemptions
Since tax time is rapidly approaching, you are probably thinking about how to reduce taxable income. Although you may have been thinking about it all year, there may still be time to lower your taxes even more before the year’s end. One of the best ways is to take advantage of tax exemptions and credits….
How Does Tax-Loss Harvesting Work—and Is It for You?
November 16, 2022
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If you have a portfolio and have sold any stocks at a profit this year, you might be looking for a way to offset the capital gains tax. That’s where tax-loss harvesting comes into play. It’s a way of selling investments that helps you lessen the capital gains tax blow. But what is tax-loss harvesting,…
The Commotion About Carried Interest Tax
Commentary A government spending deal formulated by Senate Democrats could finally lead to increasing the tax rate on so-called carried interest income. It’s a capital gains tax applied to an arcane concept—irrelevant to 99 percent of taxpayers—that has been debated in the halls of Congress for more than a decade. Taxing carried interest at the…
‘Billionaire Tax’ Expands Taxable Income, Should Be Dead on Revival Say Critics
March 30, 2022
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President Joe Biden’s proposed “billionaire tax” may sound good to many voters, but it is fraught with vagaries that could redefine—and expand—the nation’s tax code, according to first-look analyses across a range of publications and sites, from The Wall Street Journal to the Heritage Foundation. The tax proposal was included within Biden’s $5.8 billion Fiscal…
Possible Home Equity Tax on Primary Residences ‘Very Concerning’ for Average Homeowners: Taxpayers’ Advocate
Indications that the federal government is considering introducing a potential capital gains tax on the sale of primary residences should be of great concern to Canadians, says the B.C. director of a taxpayer’s advocacy group. “We think people really need to pay attention to the potential for either a capital gains tax or a form…
NTD Evening News Full Broadcast (April 26)
Texas and Florida will gain more seats in Congress beginning with the 2022 midterm elections, the White House defends President Joe Biden’s proposal to almost double the tax rate on capital gains, and police bodycam footage showing the events leading to Andrew Brown Jr.’s death is released to his family.
NTD Business Full Broadcast (April 26)
A top white house official defends President Biden’s plan to tax the rich. He says the upcoming capital gains tax hike would only impact a small sliver of Americans. If you’re looking for a job, look no further. One employer is paying cold hard cash to job seekers just for an interview. Corn futures surge…
NTD Business Full Broadcast (Mar. 30)
Banks continue to count their losses after the Archegos fund was liquidated. NTD asks if more regulation is needed to stop it happening again. The Amazon union vote is ready to be counted, after workers wrapped up voting Monday. Either way, the results will impact labor nationwide. Ohio billboards are popping up across the US,…
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