Taxes July 29, 2026
7 Million Trump Accounts Have Been Opened, Administration Says
According to Secretary of Treasury Scott Bessent, 86% of Trump Account participants come from families earning less than $200,000 annually.
Taxes July 29, 2026
Washington ‘Millionaires Tax’ Repeal Faces Legal Fight Over 21 Words
The stakes over those 21 words are high for the November vote on Initiative 645, which would repeal the recently enacted 9.9% tax on households earning more than $1 million a year.
Taxes July 27, 2026
Chattanooga Church Pushes Republican Candidates, Possibly Violating Tax Law
Despite longstanding tax law that prohibits political activity at the pulpit, a Chattanooga megachurch has continued to wield political influence in state and local politics this midterm election.
Taxes July 27, 2026
Mamdani Sparks Backlash, Debate with Social Media Post Celebrating Luxury 2nd-Home Tax
The post on X from New York City Mayor Zohran Mamdani garnered nearly 14 million views by Friday and prompted a wave of opposition from critics who say the tax could accelerate the departure of wealthy residents from the city.
Taxes July 27, 2026
New Washington ‘Millionaires Tax’ Lawsuit Challenges Ballot Language
A lawsuit challenges the constitutionality of the public investment impact statement that will appear on the November ballot alongside an initiative to repeal the state’s “millionaires tax.”
Small Business July 27, 2026
Toy Manufacturer Sues Trump Administration Again Over New Round of Tariffs
Learning Resources, the Vernon Hills, IL, toymaker that successfully brought down the Trump administration’s 2025 tariffs in a seminal Supreme Court decision, is once again suing over the latest round of sweeping global tariffs.
Taxes July 27, 2026
Florida Police and Fire Unions Oppose Property Tax Rollback
One of the largest unions representing police officers in Florida has come out against the ballot initiative meant to begin rolling back property taxes, joining some state firefighter organizations in opposition.
Taxes July 24, 2026
Illinois’ Digital Asset Tax Creates a New Compliance Regime for 2027
While the 0.2% rate seems straightforward, most everything needed to administer the tax in practice is less certain.
Small Business July 24, 2026
Why Trump’s 50% Hockey Equipment Tariffs Are Unlikely to Hit U.S. Families
The Minnesota Trade Office believes most hockey sticks and equipment imported to the U.S. will be exempt from the 50% tariff.
Taxes July 24, 2026
Fuel Market Volatility and the Knowledge Gap: A Practical Playbook for Tax Teams
Tax leaders need standardized filing processes that can withstand market volatility while creating intentional systems to preserve institutional knowledge before experienced professionals retire.
Small Business July 24, 2026
Trump Rebuilds Tariffs with New Levies on 60 Economies
The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers.
Taxes July 24, 2026
Mamdani Starts Process for NYC Second-Home Tax on Non-Primary Residences
New York City has begun mailing notices to property owners who may be subject to a proposed tax on second homes, a measure aimed at generating revenue from residents who maintain city properties while mainly living elsewhere.