All posts tagged "Taxplanning"

LANSING, Mich. — A Michigan state representative came to the Capitol on Thursday to cast votes, despite testing positive test for COVID-19 the day before. Rep. Natalie Price, a Berkley Democrat, cast her vote from the gallery as the Michigan House held late night votes to pass an increase to the Earned Income Tax Credit, a repeal of some taxes on retirement income and a $946 million supplemental budget, the first-term lawmaker disclosed Monday. Price acknowledged her positive coronavirus test in a Facebook post Monday evening after Bridge Michigan reported on her attendance. The Lansing newsle......

Two congressional committees headed by Democrats reportedly ask in new letters whether Jared Kushner was led “to improperly influence U.S. tax, trade and national security policies” to bail out his family’s real estate business. The new inquiry centers on the Canadian company Brookfield Asset Management’s $1.2 billion lease of a New York City office building, for which the Kushner family took out a loan that it was in danger of defaulting, The Washington Post reported Wednesday. The 99-year leasing deal went through in 2018. In letters sent Monday to the Departments of Defense and State, lawma......

It’s never a bad time to be a billionaire, but this is an especially good time to have a 10-figure bank statement. The 10 richest people in the world added $402 billion to their already enormous fortunes in 2021. The biggest gainer was Elon Musk, who started the year with a net worth of $156 billion and will end it with around $277 billion, according to the Bloomberg Billionaires Index. The Tesla founder said he’s planning to pay more than $11 billion in taxes. Musk’s $121 billion gain was smaller than the $140 billion he made in 2020, but was more than enough to make him the richest person al......