Kenya’s President William Ruto must be feeling punch-drunk - after suffering another blow to his plans to raise taxes for his cash-strapped, debt-burdened government. After the recent widespread anti-tax protests - that saw parliament set alight - he bowed to public pressure and withdrew his finance bill for the coming year.

Double whammy for the Kenyan president's tax plans

ROME (Reuters) -Italy's government approved a measure on Wednesday that doubles to 200,000 euros ($218,220) per year a "flat tax" applied on income earned abroad by wealthy individuals who transfer their tax residence to the country. The favourable tax regime for rich new residents was introduced by a centre-left government...

Italy Doubles Billionaires' 'Flat Tax', Decries Tax Havens

NBC News

Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report. Over the next 20 to 30 years, aging baby boomers and older generations are...

Women are set to inherit trillions of dollars in the great 'horizontal wealth transfer'

The Social Security cost-of-living adjustment (COLA) is designed to help benefits keep up with inflation. Historically, though, the program hasn't been able to accomplish that. It's wise to keep your expectations in check when it comes to the 2025 adjustment. Next year's COLA may not go as far as you...

Social Security Cost-of-Living-Adjustment (COLA) 2025: There's Bad News Coming for Retirees

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Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope for Friday, August 9th

A historic transfer of wealth is now in motion as trillions of dollars held by older generations are moved down the line. And according to a new report, one under-explored facet of the transfer is just how much money is about to move “horizontally.”. In its 2024 Global Wealth...

$83,000,000,000,000 Transfer of Wealth Kicks Off – With Trillions Shifting To Spouses Before Being Surrendered To Next Generation: Report

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

New York City, NY

It takes a mansion sale to fix a subway tunnel. To you and me, it may look like an average one-bedroom apartment in the heart of New York City, but in the eyes of tax collectors, it’s a “mansion” because the price tag exceeds a million bucks. Now the Metropolitan Transportation Authority (MTA) plans to raise $2 billion via real estate bonds, backed by the mansion tax, to pay for much-needed infrastructure upgrades. The money was supposed to come from a planned congestion tax whose political engine suddenly failed.

NYC’s Transit System to Raise $2 Billion Through Real Estate Bonds Backed by ‘Mansion Tax’

Money Week

Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds

Pensions: 140,000 pensioners to be hit by surprise tax demand

FinanceBuzz

Did you know you can deduct that? Get the inside scoop on these bizarre claims and see how they can help you save big this tax season.

10 Bizarre Tax Deductions (And How To Make Them Work for You)

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

The Week

You can't escape property taxes, but you can make the bills a bit more manageable

4 ways to lower your property tax bill

North Carolina State

Durham, NC

The US Sun

A WOMAN fought her tax bill for 2024 after she noticed a dramatic increase in her vehicle's value - it was $1,000 more than last year. Even after the city adjusted her car's value, she appealed the decision again. Shirley Davis, a Durham, North Carolina resident, experienced "sticker shock" when...

My 2018 Honda was taxed like a brand new car years after I bought it – I refused to pay the $252 fee twice & fought back

Business Insider

Former President Donald Trump said he wants to end Social Security taxes for older adults. It could drain the fund quicker.

Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Wealthtender

Here’s some of what Tevye of Fiddler on the Roof imagined:. “…If I were a… rich… man; I’d build a big, tall house with rooms by the dozen; Right in the middle of the town; A fine tin roof with real wooden floors below; There would be one long staircase just going up; And one even longer coming down; And one more leading nowhere, just for show…” – Tevye in Fiddler on the Roof.

Where Do Wealthy Americans Put Their Money Now?

Warren Buffett doesn’t need to pinch pennies, but he sure has some great advice about it. Here are some of his brilliant tips for building wealth.

Build Wealth With These 14 Proven Warren Buffett Money-Saving Tricks

If you’re considering retiring in Europe, several countries offer retirement or elective residence visas specifically designed for retirees. In this article, you will find out which European countries have visa programs for retirees along with some key points you must consider: what are the minimum financial requirements, how long can you or do you have to live in the country, the official government website for each program, tax planning and healthcare insights.

Where to Retire in Europe: Top Countries with Visas for Retirees

Wisconsin State

AMERICANS can get payments from a major interest rate settlement. Big Picture Loans, a private money lender, is paying out big bucks after allegations it charged excessive interest rates. The company is known for offering thousands in loans to people with bad credit and then charging high interest rates. Those high rates can make the […]

Americans can claim one-time payment from $65 million interest rate settlement – but it depends on which state you live

NewsBreak

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

Europe’s boot just put its foot down regarding wealthy migrants. Italy doubled a flat tax on the foreign income of new residents, upping it from €100,000...

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

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