Dossier
tax proposal
Coverage of tax proposal in the Nexus archive.
- When it comes to taxing the super rich, there’s no need to reinvent the wheel
The article discusses the challenges of taxing billionaires effectively, highlighting California's proposed one-time 5% tax on fortunes over $1 billion. It critiques the existing system for allowing the wealthy to avoid income taxes through loopholes and exceptions, while noting the growing influence of billionaires in AI development.
- Bond Trader Bets on Fed Hike Poised for Gut Check From Jobs Data
A bond trader is betting on a Federal Reserve interest rate hike, which will be tested by upcoming jobs data. Vornado Realty Trust's office tower development in New York City for Citadel faces risks due to Mayor Zohran Mamdani's proposed tax changes.