Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023.Jonathan Ernst | ReutersHouse Republicans this week reintroduced legislation to permanently repeal what they're calling the "death tax" — or federal estate tax, which is levied on...
Category: Wealth
Mega-rich renew call on global leaders at Davos to ‘tax our extreme wealth’
Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. (Photo...
Americans are canceling trips that are thousands of miles from Gaza. Here’s why
The Israel-Hamas war is affecting travel across the Middle East and beyond.International arrivals to the region grew in the fourth quarter of 2023 — mainly owing to an increase in visitors to Saudi Arabia — to a level that matched 2019 numbers, according to the travel data company ForwardKeys.But it's...
IRS: Taxpayers may avoid a surprise tax bill by making a quarterly payment by Jan. 16
Westend61 | Westend61 | Getty ImagesThe fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don't send a payment, according to the IRS.While many employers withhold levies from every paycheck, other income — such as freelancing, small business or...
A new train pass is launching in Japan this winter — but travelers will have to act fast
A post-pandemic surge in international travelers, coupled with weak exchange rates, may have indirectly ended one of Japan's most beloved travel deals: the Japan Rail Pass.Prices for the JR Pass, as it's known, increased roughly 65%-75%, in October 2023.But there are still rail deals to be found — especially for...