It’s Easier to Get a Tax Deduction for Donations This Year

Under the pandemic relief program, taxpayers can deduct up to $300, even if they take the standard deduction. And even if $300 doesn’t sound like much, it’s “a big deal” to the needy.

#content-type-service, #coronavirus-2019-ncov, #federal-taxes-us, #nonprofit-organizations, #personal-finances, #philanthropy, #tax-credits-deductions-and-exemptions

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As Soon as Trump Leaves Office, He Faces Greater Risk of Prosecution

The president is more vulnerable than ever to an investigation into his business practices and taxes.

#federal-taxes-us, #frauds-and-swindling, #income-tax, #james-letitia, #manhattan-nyc, #presidential-election-of-2020, #tax-evasion, #taxation, #trump-organization, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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In a Divided Washington, Biden Could Still Exert Economic Power

If Republicans control the Senate, a Biden administration could take a cue from President Trump and find ways to act unilaterally on some economic issues.

#biden-joseph-r-jr, #consumer-financial-protection-bureau, #cordray-richard, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-reserve-system, #federal-taxes-us, #international-trade-and-world-market, #kraninger-kathy, #minimum-wage, #presidential-election-of-2020, #quarles-randal-k, #regulation-and-deregulation-of-industry, #stimulus-economic, #student-loans, #tiktok-bytedance, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wechat-mobile-app

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As ‘Blue Wave’ Chances Crash, Wall St. Warms to Divided Government

Investors pushed up stocks of companies they believed would be protected by a Republican Senate, even if Joe Biden wins the presidency.

#banking-and-financial-institutions, #biden-joseph-r-jr, #federal-taxes-us, #presidential-election-of-2020, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #united-states-economy

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The War on Truth Reaches Its Climax

Trump is telling two big lies, and a third will come soon.

#biden-joseph-r-jr, #black-lives-matter-movement, #bush-george-w, #coronavirus-2019-ncov, #demonstrations-protests-and-riots, #ethics-and-official-misconduct, #federal-taxes-us, #george-floyd-protests-2020, #presidential-election-of-2020, #republican-party, #rumors-and-misinformation, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government

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Who Is Ben Harris, the Quiet Architect of Biden’s Economy Plan?

Ben Harris is not a household name, even in economics. But he helped develop a package of tax and spending increases that has not spooked Wall Street.

#biden-joseph-r-jr, #federal-budget-us, #federal-taxes-us, #income-inequality, #presidential-election-of-2020, #stimulus-economic, #taxation, #united-states-economy

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Biden and Surrogates Hit Trump on Taxes in Closing Argument

“Why should you pay more taxes than Donald Trump?” Joseph R. Biden Jr. asked as he took aim at the president’s taxes and tax policy.

#biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #harris-kamala-d, #house-of-representatives, #income-tax, #internal-revenue-service, #mcconnell-mitch, #national-debt-us, #obama-barack, #presidential-election-of-2020, #sanders-bernard, #senate, #trump-tax-returns, #trump-donald-j

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President Trump’s Taxes: A Reader’s Guide

Over the past four years, The New York Times has independently obtained and published information on several decades of Donald J. Trump’s taxes.

#federal-taxes-us, #presidential-election-of-2020, #trump-tax-returns, #trump-donald-j

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How a Century of Real-Estate Tax Breaks Enriched Donald Trump

The real estate industry has long enjoyed uniquely favorable tax treatment — thanks in part to Mr. Trump’s actions before and after he became president.

#federal-taxes-us, #income-tax, #presidential-election-of-2016, #presidential-election-of-2020, #real-estate-commercial, #tax-credits-deductions-and-exemptions, #tax-shelters, #taxation, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

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It’s Time to Talk About Social Security. No More Waiting.

Even before the pandemic, Social Security’s finances were under growing pressure. The next president and Congress will play a crucial role in what happens next.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-taxes-us, #payroll-tax, #presidential-election-of-2020, #recession-and-depression, #retirement, #social-security-us, #trump-donald-j, #united-states-politics-and-government

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Trump’s Philanthropy: Big Tax Write-Offs and Claims That Don’t Always Add Up

Hidden financial records cast doubt on a number of his charitable commitments and show that most of his giving came from land deals that offset his income.

#appraisals-and-valuation-property, #comedy-central, #cushmanwakefield-inc, #federal-taxes-us, #income-tax, #internal-revenue-service, #james-letitia, #land-use-policies, #parks-and-other-recreation-areas, #philanthropy, #presidential-election-of-2020, #qaddafi-muammar-el, #trump-organization, #trump-tax-returns, #trump-donald-j

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For Owners Looking to Sell, an Option That Keeps Their Company Intact

A sale to employees keeps the company local, and that may be more important to some owners than getting the highest price.

#federal-taxes-us, #labor-and-jobs, #labor-department-us, #pensions-and-retirement-plans, #retirement

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Biden and Trump’s Final Debate: Who Won?

How their last clash looked to Times Opinion writers.

#biden-hunter, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #family-separation-policy-us-immigration, #federal-taxes-us, #minimum-wage, #obama-barack, #presidential-election-of-2020, #republican-party, #senate, #stimulus-economic, #trump-tax-returns, #trump-donald-j

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Hedge Fund Magnate Is Moving His $41 Billion Firm From N.Y. to Florida

The firm, Elliott Management, led by Paul Singer, will transfer its headquarters to West Palm Beach, Fla., because of the pandemic.

#elliott-management-corp, #federal-taxes-us, #florida, #high-net-worth-individuals, #icahn-carl-c, #income-tax, #new-york-city, #pollock-jonathan-d, #relocation-of-business, #singer-paul-e, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j

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Tax Officials Investigate Euro Pacific Bank in Puerto Rico

Tax enforcers from five nations are investigating Euro Pacific Bank, which operates in a U.S. territory criticized in the past for its lax financial regulation.

#banking-and-financial-institutions, #corporate-taxes, #euro-pacific-intl-bank-inc, #federal-taxes-us, #money-laundering, #peter-schiff, #puerto-rico, #tax-evasion, #tax-shelters

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For Long-Term Investors, Small Things Like Presidential Elections Don’t Matter

There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.

#amazon-com-inc, #coronavirus-2019-ncov, #corporate-taxes, #democratic-party, #dimensional-fund-advisors, #exxon-mobil-corp, #federal-taxes-us, #high-net-worth-individuals, #infrastructure-public-works, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #republican-party, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

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$421 Million in Debt: Trump Calls It ‘a Peanut,’ but Challenges Lie Ahead

The president on Thursday played down big loans he guaranteed for his struggling businesses. But much of that debt is soon to come due in the midst of declining revenue and an I.R.S. audit that could cost him over $100 million.

#bank-of-china, #bankruptcies, #casinos, #credit-and-debt, #deutsche-bank-ag, #federal-taxes-us, #golf, #hotels-and-travel-lodgings, #presidential-election-of-2016, #presidential-election-of-2020, #trump-international-hotel-washington-dc, #trump-national-doral-miami-doral-fla, #trump-plaza-hotelcasino-atlantic-city-nj, #trump-tax-returns, #trump-donald-j, #vornado-realty-trust

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Trump Calls $421 Million Debt ‘a Peanut,’ but Challenges Lie Ahead

The president on Thursday played down big loans he guaranteed for his struggling businesses. But much of that debt is soon to come due in the midst of declining revenue and an I.R.S. audit that could cost him over $100 million.

#bank-of-china, #bankruptcies, #casinos, #credit-and-debt, #deutsche-bank-ag, #federal-taxes-us, #golf, #hotels-and-travel-lodgings, #presidential-election-of-2016, #presidential-election-of-2020, #trump-international-hotel-washington-dc, #trump-national-doral-miami-doral-fla, #trump-plaza-hotelcasino-atlantic-city-nj, #trump-tax-returns, #trump-donald-j, #vornado-realty-trust

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U.S. Budget Deficit Hit $3.1 Trillion Amid Virus Spending Surge

A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.

#federal-budget-us, #federal-taxes-us, #finances, #mnuchin-steven-t, #stimulus-economic, #unemployment, #united-states-economy, #us-dollar-currency

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U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive

Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.

#brockman-robert-t, #federal-taxes-us, #internal-revenue-service, #smith-robert-f-1962, #tax-evasion, #tax-shelters, #vista-equity-partners

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Why Trump’s Efforts to Paint Biden as a Socialist Are Not Working

A barrage of attacks trying to link the Democratic nominee to policies like Medicare for All aren’t hurting him, polls show, as many of the policies remain popular with most Americans.

#biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #green-new-deal, #health-insurance-and-managed-care, #high-net-worth-individuals, #polls-and-public-opinion, #presidential-election-of-2020, #socialism-theory-and-philosophy, #trump-donald-j, #united-states-economy

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Why Trump’s Taxes Are a Call to Action

For a more equitable system, we need a simpler and fairer tax code.

#democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #trump-tax-returns, #trump-donald-j, #united-states

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Trump Again Asks Supreme Court to Block Subpoena for His Tax Records

The president’s personal lawyers say lower courts should not have upheld a broad subpoena by the Manhattan district attorney.

#consovoy-william-s, #federal-taxes-us, #mazars-usa, #presidential-election-of-2016, #presidential-election-of-2020, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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Mitch McConnell’s Mission of Misery

Why Senate Republicans won’t help Americans in need.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-taxes-us, #infrastructure-public-works, #mcconnell-mitch, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2020, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Global Talks on Taxing Tech Firms Will Slip Into 2021

The talks at the Organization for Economic Cooperation and Development have progressed on several fronts, but a dispute remains between the Trump administration and key allies.

#computers-and-the-internet, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #customs-tariff, #federal-taxes-us, #international-trade-and-world-market, #tax-cuts-and-jobs-act-2017

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These Are The 4 Tricky Issues for the Biden-Harris 2020 Election Ticket

The campaign has learned it’s not always easy appealing to progressives in the party and moderates in the broader electorate.

#barrett-amy-coney, #biden-joseph-r-jr, #debates-political, #democratic-party, #federal-taxes-us, #green-new-deal, #harris-kamala-d, #presidential-election-of-2020, #supreme-court-us

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Who’s the Tax Cheat: The Lady in Jail or the Man in the White House?

Donald Trump knows that taxes are for the poor.

#cheating, #federal-taxes-us, #high-net-worth-individuals, #humphreys-county-miss, #income-tax, #internal-revenue-service, #tax-credits-deductions-and-exemptions, #tax-evasion, #trump-donald-j, #united-states-politics-and-government

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New Stimulus Hopes Fade While Economic Risks Grow

President Trump cut off negotiations over a new aid package on Tuesday. Economists of all stripes agree that could be a costly mistake.

#coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-taxes-us, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #small-business, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Manhattan D.A. Can Obtain Trump’s Tax Returns, Judges Rule

The dispute will now likely head to the Supreme Court for a second time.

#appeals-courts-us, #decisions-and-verdicts, #federal-taxes-us, #income-tax, #katzmann-robert-a, #leval-pierre-n, #lohier-raymond-joseph-jr, #mazars-usa, #supreme-court-us, #tax-evasion, #trump-tax-returns, #trump-donald-j, #vance-cyrus-r-jr

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Eric Trump Finally Interviewed in N.Y. Fraud Inquiry

President Trump’s son had sought to postpone a deposition with the New York attorney general’s office until after Election Day.

#attorneys-general, #carroll-e-jean, #cohen-michael-d-1966, #engoron-arthur-f, #federal-taxes-us, #james-letitia, #new-york-state, #presidential-election-of-2020, #suits-and-litigation-civil, #trump-organization, #trump-tax-returns, #trump-donald-j, #trump-eric-f-1984, #united-states-politics-and-government

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The I.R.S. Is Outgunned

The agency doesn’t have the resources to battle the tax lawyers of the ultrarich. Trump’s returns are just one example of how little the wealthy pay.

#corporate-taxes, #corporations, #federal-taxes-us, #income-inequality, #internal-revenue-service, #tax-evasion, #trump-tax-returns, #united-states, #united-states-politics-and-government

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The Strong Case for Joe Biden’s Economic Plan

The former vice president’s tax and spending claims are credible; Trump’s aren’t.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #federal-taxes-us, #gross-domestic-product, #labor-and-jobs, #presidential-election-of-2020, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy

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A Brief History of the Taxpayer in Chief

From Lincoln to Trump, the president’s attitude toward his taxes has shaped the public’s attitude toward theirs.

#federal-taxes-us, #income-tax, #presidents-and-presidency-us, #tax-credits-deductions-and-exemptions, #trump-tax-returns, #trump-donald-j

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Trump’s Tax Avoidance Is a Tax on the Rest of Us

The majority of taxpayers can’t afford the expensive professional advice on which successful tax-avoidance strategies depend.

#federal-taxes-us, #income-tax, #tax-shelters, #trump-tax-returns, #trump-donald-j, #united-states

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After That Fiasco, Biden Should Refuse to Debate Trump Again

The president was petulant and puerile, so what is the point?

#biden-hunter, #biden-joseph-r-iii, #biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-taxes-us, #mcconnell-mitch, #presidential-election-of-2020, #trump-donald-j, #united-states-politics-and-government

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Trump Paid $750 in Federal Income Taxes in 2017. Here’s the Math.

Figures drawn from President Trump’s tax-return data show how that number was calculated.

#alternative-minimum-tax, #federal-taxes-us, #income-tax, #tax-credits-deductions-and-exemptions, #trump-tax-returns, #trump-donald-j

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What Have We Learned From Trump’s Tax Revelations?

There are questions about his financial entanglements that still need answering.

#debatable, #federal-taxes-us, #trump-tax-returns, #trump-donald-j

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President Trump’s Taxes

An investigation by The New York Times has unraveled some of the financial myths that President Trump has created around himself.

#federal-taxes-us, #income-tax, #trump-organization, #trump-donald-j, #united-states-politics-and-government

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Trump Deflects Questions About Taxes, but First Debate Has a New Issue

While the president’s Republican allies generally kept their silence, Democrats pounced and former Vice President Joseph R. Biden Jr., the party’s presidential candidate, posted a video noting that the president paid less in income taxes than everyday Americans.

#biden-joseph-r-jr, #debates-political, #democratic-party, #federal-taxes-us, #income-tax, #internal-revenue-service, #presidential-election-of-2020, #republican-party, #trump-donald-j, #united-states-politics-and-government

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Does Donald Trump Need a Bailout?

Maybe that’s why he sucks up to Putin.

#disloyal-a-memoir-the-true-story-of-the-former-personal-attorney-to-president-donald-j-trump-book, #federal-taxes-us, #florida, #internal-revenue-service, #putin-vladimir-v, #rage-book, #tax-evasion, #trump-tower-manhattan-ny, #trump-donald-j, #united-states, #united-states-international-relations, #united-states-politics-and-government

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Trump’s Debt, His Future and Ours

The president — our chief law enforcement and national security official — could be facing huge liabilities. That’s chilling.

#ethics-and-official-misconduct, #federal-taxes-us, #presidential-election-of-2020, #trump-organization, #trump-donald-j, #united-states-politics-and-government

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The Picture of a Broken Tax System

Donald Trump’s tax returns illustrate the profound inequities of the tax code and the shambolic state of federal enforcement.

#federal-taxes-us, #income-tax, #internal-revenue-service, #tax-evasion, #taxation, #trump-donald-j

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What We Learned from Trump Tax Report: $750, Huge Losses and More

A Times report unravels much of the mystery: This is your morning tip sheet.

#federal-taxes-us, #presidential-election-of-2020, #tax-evasion, #trump-tax-returns, #trump-donald-j

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The Good, the Bad and the Ugly, Meet Donald Trump

Over the past five days, we learned a lot about the president and his powers.

#barrett-amy-coney, #biden-joseph-r-jr, #federal-taxes-us, #mcconnell-mitch, #presidential-election-of-2016, #presidential-election-of-2020, #reality-television, #roberts-john-g-jr, #taxation, #trump-donald-j, #united-states-politics-and-government

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An Editor’s Note on the Trump Tax Investigation

The New York Times has examined decades of President Trump’s financial records, assembling the most comprehensive picture yet of his business dealings.

#federal-taxes-us, #first-amendment-us-constitution, #freedom-of-the-press, #new-york-times, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

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Trump Could Be Investigated for Tax Fraud, D.A. Says for First Time

The assertion by the Manhattan district attorney offered rare insight into the office’s investigation of the president and his businesses.

#appeals-courts-us, #federal-taxes-us, #marrero-victor, #mazars-usa, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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Tax Strategies to Embrace, or Avoid, Before the November Election

No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say.

#federal-taxes-us, #high-net-worth-individuals, #income-tax, #individual-retirement-accounts, #personal-finances, #tax-credits-deductions-and-exemptions, #united-states-politics-and-government, #wills-and-estates

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Deal Reached in N.J. for ‘Millionaires Tax’ to Address Fiscal Crisis

Gov. Philip Murphy said the tax would help make up shortfalls caused by the pandemic, but Republicans warned it would lead to an exodus of wealthy residents.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coughlin-craig-j-1958, #federal-taxes-us, #high-net-worth-individuals, #murphy-philip-d-1957, #new-jersey, #politics-and-government, #sweeney-stephen-m, #taxation

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Trump Accuses Judge of ‘Stacking the Deck’ Against Him in Tax Ruling

The president is appealing an order that allowed his tax returns and other financial records to be released to the Manhattan district attorney.

#appeals-courts-us, #consovoy-william-s, #decisions-and-verdicts, #federal-taxes-us, #immunity-from-prosecution, #income-tax, #manhattan-nyc, #marrero-victor, #mazars-usa, #subpoenas, #supreme-court-us, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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