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Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
New York City Mayor Zohran Mamdani is urging Albany to consider a sweeping overhaul of New York’s estate tax, proposing to sharply lower the exemption threshold and dramatically increase the top rate on large inheritances. His plan would cut the exemption from more than $7 million to $750,000 while boosting the highest tax rate from 16 percent to 50 percent, Bloomberg reported.
The idea was included in a policy memo his administration recently shared with state...
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Jul 8, 2026 / Tyler Durden
US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report
US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report
Authored by Micah Zimmerman via BitcoinMagazine.com,
Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg.
Trump signed an executive order in March 2025 to create what he called a Strategic Bitcoin Reserve, along with a separate U.S. Digital Asset Stockpile for other cryptocurrencies.
The order directed the Treasury and...
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May 20, 2026 / Robert Aro
Beyond the Balance Sheet: How Bad Are Things at the Fed?
“Everything is fine.” That’s the official narrative, but a nation cannot print its way to prosperity; if it did, we'd all be rich by now.
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Jun 6, 2026 / Tyler Durden
UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War
UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War
The United Nations food agency is sounding a catastrophic alarm on the macroeconomic fallout of the ongoing conflict in Iran and the Persian Gulf region. According to the World Food Programme (WFP), millions of people are actively being plunged into acute hunger due to the war - realizing a grim trajectory the agency previously warned would occur if the Middle East crisis stayed prolonged and global oil prices remained elevated.
Fragile economies are feeling the most pain, with WFP...
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