Government taxation and revenue

Bearer of rare ‘One Ring’ card from ‘Lord of the Rings’ lore could fetch $2 million and face hefty tax bill

The One Ring that collectors were coveting this summer wasn’t found in Hobbiton or deep in the tunnels of the…

Biden snaps ‘No!’ when asked if he was involved in alleged Hunter Biden shakedown of Chinese executive

President Joe Biden on Wednesday angrily denied that he was involved in an alleged shakedown of a Chinese businessman by…

Biden plugs pro-union record, economic agenda at his first major 2024 campaign rally

President Joe Biden on Saturday marked the first major event of his 2024 reelection campaign with a union rally, highlighting…

Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund

Retirement savers who withdrew money from their accounts in the early days of the Covid-19 pandemic may have just days…

Hunter Biden lawyers meet with DOJ prosecutors about pending criminal probe

Attorneys for Hunter Biden met with Department of Justice prosecutors Wednesday to discuss criminal charges that might be filed against…

Sen. Wyden asks billionaire Harlan Crow for list of gifts to Supreme Court Justice Thomas

Sen. Ron Wyden, D-Ore., on Monday asked GOP megadonor Harlan Crow for a complete list of gifts to Supreme Court…

Robo-advisor Betterment settles tax charges with SEC for $9 million

Robo-advisor firm Betterment agreed on Tuesday to settle charges with the U.S. Securities and Exchange Commission for $9 million over…

The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits

The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems —…

Show me the money: The highest revenue raising taxes in Biden’s proposed budget

President Joe Biden released his 2024 budget plan Thursday that promises to cut the deficit by $3 trillion over the…