Ken Griffin, the CEO of Citadel, has been open about why his company is reducing its presence in Chicago. He points to rising crime rates and high taxes as key factors pushing the firm to explore new locations like Miami and New York. Over the past few years, Citadel has been gradually moving its staff and operations out of Chicago, a city that had been its home for ...
The US Senate Finance Committee is set to discuss crypto taxes. This comes right after the Treasury and IRS released some new rules to make things easier for companies dealing with crypto under the Corporate Alternative Minimum Tax (CAMT). The CAMT is a 15% tax on big companies' profits, signed into law in 2022. The new rules, Notice 2025-46 and Notice 2025-49, aim ...
Chicago's downtown area was once a hotspot for big companies. United Airlines, Kraft Heinz, and McDonald’s all moved their headquarters there. The city was seen as a great place to be. But that was less than a decade ago. Now, things have changed. The pandemic hit hard, and downtown Chicago hasn't bounced back like New York City. The city is in a tough spot financia...
Long Island is bracing for significant changes due to a new budget bill that has just been approved. This bill is set to impact various aspects of life, from taxes to healthcare, the environment, and immigration. The bill includes a temporary increase in the state and local tax (SALT) deduction, which is a big deal for many residents. However, not everyone is happy w...
The Senate Republicans have rolled out their version of a major bill. This bill is part of a bigger plan for the country. It includes some big changes to healthcare and taxes. The bill is 549 pages long. It extends tax cuts that were set to expire. It also includes new rules for tips and overtime pay. The bill makes significant cuts to Medicaid spending. It adds new...
The former US President Donald Trump has recently stirred the pot in international trade. He has threatened to impose a hefty 50% tariff on goods coming from the European Union. This move comes after he felt that the current trade talks were not going anywhere. He pointed out several issues with the EU's trade practices, including high taxes and unfair laws against A...
The U. S. president has recently stirred the pot in global trade by proposing hefty tariffs on European goods and smartphones. This move comes as a surprise to many, given the long-standing alliance between the U. S. and the EU. The president's threat of a 50% tax on EU imports and a 25% tariff on smartphones, unless they are made in the U. S. , has raised eyebrows a...
Milton is a town with a mix of financial puzzles. It's not a poor place, but it's facing some serious money problems. The median home price is a million dollars, and the average family brings in nearly 180, 000 dollars a year. Yet, the town is struggling with a double dose of financial trouble. There are mid-year cuts to the school budget and the possibility of highe...
Starting a business is a big challenge. It is even more difficult when you have to deal with high costs. These costs include rent, labor, and taxes. Living near the coasts in the U. S. can make it even harder. This is because costs are generally higher in these areas. A recent study highlighted the states where starting a business is more affordable. Utah came out on...
The spotlight is on Dr. Mehmet Oz, who is up for a big job. He is nominated to lead the Centers for Medicare and Medicaid Services. But there's a twist. Some Democrats think he might not have paid his fair share of Social Security and Medicare taxes. They say he paid very little in 2022 and nothing in 2023, missing out on $440, 000 in taxes. Oz's team says he's follo...