2+ week, 2+ day ago   (403+ words) New York City’s Department of Finance is sending a second wave of pied-à-terre tax letters to roughly 10,800 property owners, even as it mails a very different kind of letter to other owners from the first round, telling them, in effect,…...

3+ week, 21+ hour ago   (723+ words) Taxing all 938 billionaires at 100% wouldn’t stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says taxing them 5% cuts you a check The richest person in the world and the most well-known person leading the cause against creating more people…...

3+ week, 1+ day ago   (1468+ words) Year after year, the federal government has spent more than it collected in taxes. Each annual shortfall increased the national debt, slowly at first and then by leaps, defying warnings of an inevitable reckoning. Now, the reckoning may be at…...

3+ week, 1+ day ago   (764+ words) For roughly 76 million American households, federal income taxes could eventually disappear—if a proposal by billionaire Amazon founder Jeff Bezos ever becomes reality. The Blue Origin owner argued the bottom half of U.S. earners should pay no income tax, saying…...

3+ week, 1+ day ago   (1042+ words) This as-told-to essay is based on a conversation for our Cost of Living video series with Devonte Duncan, 27, a software engineer living in Brooklyn, New York City. It has been edited for length and clarity. Watch the full Cost of…...

3+ week, 2+ day ago   (1469+ words) Year after year, the federal government has spent more than it collected in taxes. Each annual shortfall increased the national debt, slowly at first and then by leaps, defying warnings of an inevitable reckoning. Now, the reckoning may be at…...

3+ week, 2+ day ago   (314+ words) Owing $40 trillion might sound daunting. But for the American government, ballooning debt has become the new business as usual — even if it takes a bite out of consumers’ wallets. On Wednesday, the Treasury Department announced that the national debt had…...

3+ week, 2+ day ago   (647+ words) Regarding the Aug. 18 editorial “Mark Cuban bests Ro Khanna on wealth taxes”: In November, Californians will vote on a one-time 5 percent tax on the state’s roughly 250 billionaires. I debated Mark Cuban last week on the proposal. California’s billionaires are worth more…...

3+ week, 3+ day ago   (222+ words) Legendary journalist Dan Rather threw President Donald Trump’swords back in his face in a new Substack essay. On Tuesday, the U.S. national debt surpassed $40 trillion, a level that has alarmed economists. Rather argued in a new article for his Substack,…...

3+ week, 4+ day ago   (156+ words) The U.S. national debt has officially surpassed $40 trillion, the U.S. Treasury Department reported Wednesday. In its latest Daily Treasury Statement, the agency said “total public debt outstanding” stood at $40,047,426,000 as of Tuesday afternoon. The milestone has arrived months earlier than forecasters previously…...