Silicon Valley tech founders threaten to leave California over proposed 5% wealth tax on billionaires. The controversial measure could trigger an exodus from the state. Read more
Fox Business - Dec 28
Seventeen senators wrote a letter to Scott Bessent, requesting the IRS to hire more staff ahead of the 2026 tax season, expressing "serious concerns" Read more
Daily Express Us - Dec 28A Trump administration official credited the president with making small business owners "excited" to pay their taxes thanks to tax cuts and less regulation. Read more
Yahoo! News - Dec 28
"One market correction, nationalization event, or prohibition of divestiture (not at all uncommon during wartime) and I am screwed for life." Read more
Fortune - Dec 28Robotaxis have become subjects of virality as their presence grew in America this year. In 2026, they'll be taking over more US roads. Read more
Business Insider - Dec 28
Venture capitalist Chamath Palihapitiya is raising alarms over a proposed California wealth tax, saying it could unintentionally force young startup founders into financial ruin.Palihapitiya Highlights Risk To Startup Founders' Cash FlowOn Saturday, Palihapitiya criticized the tax while sharing a... Read more
Benzinga - Dec 28
Items that reduce your tax-free allowances can add up to more than those allowances, resulting in ‘minus allowances’, experts have said. Read more
Birmingham Live - Dec 28
The proposal calls for California residents worth more than $1 billion to pay a one-time tax equivalent to 5% of their assets. Read more
Fortune - Dec 27
Rumor has it that some of the tech world's biggest names - including venture capitalist Peter Thiel and Google co-founder Larry Page - are among those considering fleeing their California mansions. Read more
Mail Online - Dec 27
Robert Brockman was accused of hiding $2billion in income from the IRS, the largest tax fraud claim ever made against a single person in the US. A civil case continued in tax court after his death. Read more
Mail Online - Dec 27