Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit. - The New York Times

kept by eddie dec 26, 25

Trump's auto loan interest deduction offers modest tax savings, primarily benefiting higher-income borrowers who itemize deductions.

How to convert between wealth and income tax
Graham's attempt to equate a 1% wealth tax with a 20% income tax hike is widely rejected as misleading because it ignores that wealthy income comes from capital gains, not labor, and that the wealthy often pay little income tax.
also on #tax-policy
America’s Billionaires Continue to Flock to Wyoming - The New York Times
The 2017 tax cuts fueled an unprecedented boom in billionaire wealth, driving a surge of America's richest individuals to relocate to Wyoming.
also on #tax-policy
Traders Are Flooding Markets With Risky Bets. Robinhood’s CEO Is Their Cult Hero. - WSJ
Robinhood's CEO Vlad Tenev stokes aggressive trading among ordinary investors, embracing options, crypto, and prediction markets despite critics likening the platform to a casino.
also on #consumer-finance