Keyword: tax
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Norwegian Cruise Line is alerting guests on Hawaii cruises in 2026 and beyond of the new Transient Accommodations Tax that levies an additional 14% on their cruise fare. While the cruise line is part of the legal challenges to the new tax, it may be some time before any court cases are resolved and in the meantime the tax goes into effect from January 1, 2026. Booked guests are reporting additional taxes on their cruise fares from $50-500 and higher, depending on the overall cost of their cruise and how much time their itinerary spends in Hawaii. Norwegian Cruise Line...
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Nashville’s family-owned businesses are sounding the alarm over rising property taxes, warning Mayor Freddie O’Connell that the city risks losing the very businesses that give Nashville its character. What Makes Nashville...Nashville? Local business owners say iconic Nashville spots, its restaurants, shops, and other small businesses, are struggling under record property valuations combined with tax hikes. Many fear they may not survive. The Arnold family has been serving their signature “meat and threes” for more than 40 years. Owner Kahlil Arnold greets every customer personally, creating a restaurant that feels like family. But the Arnolds are now facing a $138,000 property...
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President Donald Trump’s Treasury Department will issue a new rule that prevents illegal aliens and foreign nationals from securing income tax credits such as the lucrative Earned Income Tax Credit and Additional Child Tax Credit, Breitbart News has exclusively learned. On Thursday, Treasury Secretary Scott Bessent said the agency would issue new regulations regarding who is eligible for such income tax credits under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). “Under President Trump’s leadership, we are enforcing the law and preventing illegal aliens from claiming tax benefits intended for American citizens,” Bessent told Breitbart News. In...
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Desperately seeking a Tax manager, or at least a CPA who can work this tax season. The USA is currently experiencing a terrible, stubborn and ongoing shortage of qualified CPAs, to the point where many firms are having to turn away all new business. We've been forced to farm out returns and other tasks overseas, but have been very disappointed. Shoddy, inconsistant work, and none are capable of reviewing or signing off on returns. We have one young Filipino who has a great work ethic and has been excellent in admin and basic tax work, but his skillset is not...
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Various blue states are facing towering budget deficits as federal pandemic payments end and expenditures rise. The result is a widening gap between the two parties on tax policies as Democratic leaders seek to avoid massive budget cuts in favor of tax increases. Two of the most economically moronic measures can be found in California and Illinois where leaders could be pushing high-tax residents out of their respective states.In California, Gov. Gavin Newsom is seeking a billionaire tax that would target roughly 180 individuals who are expected to remain in the state, like some voluntary canned hunt. In Chicago, Mayor...
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The economy and the environment hang in the maritime balance.A big, beautiful brouhaha went down between the Trump administration and a globalist initiative by the International Maritime Organization (IMO) to impose a tax on the world’s shipping industry. Amid growing doubt about the scientific legitimacy of alarmist claims of human-caused climate change, the same international bodies that have led the charge against carbon dioxide for decades now seek to launch a complex new scheme that will impose huge costs on maritime shipping. Within these machinations were the usual seeds of inflation, control, and a vision for a one-world domination by...
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The bill, presented by Karol Nawrocki in August, removes the income tax obligation on families earning up to 140,000 zloty (€32,973) a year. Poland's president has signed a new law introducing zero personal income tax (PIT) for parents raising at least two children, a reform which aims to support families, increase household income and boost economic activity. The bill, presented by Karol Nawrocki in August, removes the income tax obligation on families earning up to 140,000 zloty (€32,973) a year. The tax break is available to all parents who have parental responsibility over children, including legal guardians and foster parents....
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The European Union is poised to fully implement the world's first carbon border tax from Jan 1st...The EU is poised to implement the climate policy as part of an effort to reduce greenhouse gas emissions and promote cleaner production processes outside the bloc.
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Well, here we go again. CNN tells us that a property tax revolt is spreading, with a nationwide movement to eliminate property taxes on the march.Most of us are familiar with the basic scenario of property taxation. Every state is replete with numerous political subdivisions commonly known as “municipal corporations.” These are counties, cities, school districts, fire districts, water districts, sewer districts, diking distraction, etc., etc. Each of these is known as a “taxing district” because state statute authorizes these districts’ legislative authority to adopt an annual budget and levy that budget as a tax on the property owners in...
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Canada has dramatically hiked duties on American steel imports after Donald Trump shut down trade talks. The country imposed an import quota late Friday and if it is exceeded, certain US metal will face a new 50 percent surcharge. Canada's Finance Minister, François-Philippe Champagne, said the government was acting to protect domestic industry from 'unjust US tariffs,' NBC News reported. The response came hours after Trump posted on Truth Social about how Canada is a 'very difficult country to trade with.' His reason for suspending trade negotiations came down to a tax Canada is set to impose on major tech...
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OTTAWA – Canada’s insistence on taxing American tech companies for Canadian-sourced revenue has prompted the U.S. to walk away from ongoing trade negotiations. In a social media post on Friday, U.S. President Donald Trump announced an immediate suspension of trade and tariff talks with Canada due to the Digital Services Tax (DST) – describing it as “egregious” and a “direct and blatant attack” on the U.S. “Based on this egregious tax, we are hereby terminating all discussions on trade with Canada, effective immediately,” Trump wrote on TruthSocial. “We will let Canada know the tariff that they will be paying to...
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The ink is dry. Hawaii has officially become the first state in the nation to impose a climate tax. It’s called the Green Fee. The name sounds harmless. The impact is anything but. Senate Bill 1396 is now law. It tacks on a 0.75% increase to the Transient Accommodations Tax. That means every hotel stay, every short-term rental, every cruise ship docking in the islands will now carry a new surcharge. The state expects this to rake in $100 million annually. This isn’t a symbolic gesture. It’s a full-scale revenue engine. The money will be funneled into climate resilience projects....
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WASHINGTON, D.C. – The One, Big, Beautiful Bill fulfills President Trump’s promise to seniors and provides welcome tax relief after four years of inflation robbed their retirement under President Biden. Each senior will receive an additional bonus of $4,000 to the standard deduction, putting more money in the pocket of millions of low- and middle-income seniors.
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This actually falls under the "you won't believe this" section, but I felt it was worth sharing.
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Beginning next year, visitors to Hawaii will be subject to a “climate impact fee” which aims to generate funds for mitigating future environmental challenges the state expects to face. Hawaii Gov. Josh Green signed Act 96 into law Tuesday, effectively approving a tax — also known as the “Green Fee” The law now increases the the state’s Transient Accommodation Tax (TAT) by .75%, to 11%. This fee will be applied to costs for tourism-related activities including hotels and cruise ships that dock in Hawaii. Unlike other state programs, the money generated won’t go into a dedicated special fund. Instead, the...
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HONOLULU (AP) — Hawaii’s governor signed legislation Tuesday that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change. The signing, which comes nearly two years after a Maui wildfire killed 102 people and wiped out almost all of Lahaina town, marks the nation’s first such levy to help cope with a warming planet. Officials estimate the tax will generate nearly $100 million annually. The money will be used for projects like replenishing sand on eroding Waikiki beaches, promoting the use of...
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https://www.congress.gov/119/bills/hr1/BILLS-119hr1rh.pdf SEC. 110115. MAGA ACCOUNTS. (a) IN GENERAL.—Subchapter F of chapter 1 is amended by adding at the end the following new part: ‘‘PART IX—MAGA ACCOUNTS ‘‘SEC. 530A. MAGA ACCOUNTS. ‘‘(a) GENERAL RULE.—A MAGA account shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, such account shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations). ‘‘(b) MAGA ACCOUNT.—For purposes of this section— ‘‘(1) IN GENERAL.—The term ‘money account for growth and advancement’ or ‘MAGA account’ means a trust created or organized in the United...
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The “No Tax on Tips Act” passed in the Senate after a unanimous vote. At last, the Senate can agree upon one item. The legislation permits a tax deduction worth up to $25,000 for tips for workers earning under $160,000 as of 2025, with the figure expected to increase over the years along with inflation. The bill comes with a major caveat. The measure only applies to cash tips. It is well-known that service workers often underreport or fail to report their cash earnings. There is a high probability that this measure is to ensure that workers properly report their...
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In a surprise move, the Republican-led Senate quickly passed the "No Tax on Tips Act" on Tuesday, giving its official stamp of approval to an idea that has gained traction since President Donald Trump campaigned on it in 2024. The legislation would create a new tax deduction worth up to $25,000 for tips, limited to cash tips that that workers report to employers for withholding purposes on payroll taxes. The tax break is also restricted to employees who earn earn $160,000 or less in 2025, an amount that will rise with inflation in upcoming years. The bill now goes to...
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Members of law enforcement say no tax on overtime would be a “huge advantage” to them, and the White House shared their remarks following the “big, beautiful” bill jumping a key hurdle in the U.S. House on Sunday. The Trump White House shared a video of members of law enforcement explaining what no tax on overtime would do for them. One said it would be a “huge advantage to law enforcement across the country.” “We work sometimes 100 plus hours a pay period. It’s a lot of time taken away from the family. So that would be pretty special,” another...
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