tax
New York City’s new mayor, Zohran Mamdani, is making good on his campaign promise of taxing the rich. Loading audio narration… On Thursday, Mamdani and New York Governor Kathy Hochul jointly announced a new tax proposal aimed at wealthy people who own second homes in the city.The proposed pied-à-terre tax…
It’s a truth universally acknowledged that a single man with a crypto wallet must be in want of a West Village girlfriend. Jane Austen’s heroines had their balls and soirees; the downtown women of today have the Tax Day Party. Loading audio narration… Attendees rode a rickety, manually operated elevator…
A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. Loading audio narration… “NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors, executives, and conservative commentators after Gov. Kathy Hochul and…
KPMG US doesn’t only want its tax pros using software — it wants them building it, too. Loading audio narration… In January and February, the company completed a six-week pilot involving about 30 tax experts working in small teams with engineers to vibe code workable software prototypes.Many of the participants,…
Small business owner Kyle Ray doesn’t have the budget to hire a full C-suite.”Basically my entire leadership team is AI,” the Geek Window Cleaning founder told Business Insider. “It’s not a massive company, so I can’t afford the salaries for those kinds of people. But I can pay 40 bucks…
Student-loan borrowers are falling behind on payments at record levels.A new report by left-leaning groups, the Century Foundation and Protect Borrowers, found that nearly 9 million student-loan borrowers — or one out of every five — are in default, which typically occurs after a federal borrower hasn’t made a payment…
For years, Dr. Jill Green watched a large chunk of her physician’s salary eaten up by taxes.”I was paying a ton in taxes and still writing a check for a hefty five-figure amount every year,” she told Business Insider.When she and her husband started investing in real estate about six…
