Rich plan to strip tax breaks

White House and Congressional GOP leaders may waive some aspects of the tax bill that would benefit the wealthy, The Washington Post reported, citing three whistleblowers. Administration officials are considering keeping the top individual tax rate at 39,6% instead of ...

California wants to impose a tax on drinking water

For the first time in history, California residents will pay a drinking water tax of 95 cents per month. This legislative measure should help repair hundreds of public water systems and solve the problem of unsafe tap water. Residents of rural areas mainly suffer from this problem ...

De Blasio proposed to introduce an additional tax for wealthy New Yorkers

New York Mayor Bill De Blasio has proposed introducing an additional tax on millionaires in the city, the proceeds from which will be used to develop the MTA - the New York City Transit Administration. He said this after talking about the constant delays of the city metro, which...

Chicago to raise property taxes

The average property tax rate in Chicago will be about 10%, and on average homeowners will pay 3,9-6,5% more, depending on where they live, writes the Chicago Tribune. The tax consists of several main components: the value of the house (determined by the office ...

California raised taxes

On Saturday, the state of California will enter into force a law that will affect not only smokers, but also those who have a car. Here's what residents of the state should know about the innovations: According to the law # 56, the tax on a standard pack of 20 cigarettes will rise in price ...

Belarus fights parasitism: how does it affect Belarusian Americans?

Just a couple of weeks ago, my friend’s daughter in Belarus received a “letter of happiness” - an official document from the tax office, which said that the recipient was a parasite. The family was surprised and began to figure out why the child suddenly had such “happiness” -...

Trump wants to introduce 20% import tax from Mexico to cover the cost of the wall

US President Donald Trump intends to ask Congress to introduce a tax of 20% of all imports from Mexico in order to use the money received to build a wall on the US-Mexican border. This was stated by the press secretary of the White House Sean Spicer, according to the New York Times. ...

The new decree trump hit on mortgage lending

One of the first actions of the Trump administration was to suspend a recent bill that would make buying a home this year cheaper for 1 million families, writes NBC New York. On January 9, 2017, the US Department of Housing and Urban Development (FHA) issued ...

4 US Cities Impose a Tax on Carbonated Drinks

A can or a bottle of a carbonated drink will rise in price in the near future in 4 US cities due to the wave of tax increases on these goods. Healthy eating advocates believe tax increases will reduce consumption of these sweetened beverages that lead to obesity, diabetes and other diseases. ...

Chicago package tax imposed

Starting January 1, 2017, all stores in Chicago, Illinois, will have a bag tax of 7 cents per item (5 of which will go to the state budget, 2 to the store). This is done in order to reduce the consumption of packages and…

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