Tax

'It's like a free down payment on a house': High earners are rushing to use this vacation-rental tax break

Tech Insider : Business
Couple shaking hands with a realtor

courtneyk/Getty Images

What business leaders are saying — and doing — about California's proposed billionaire tax

Tech Insider : Politics, Business, Crypto
Palmer Luckey, Jensen Huang, and Elon Musk are pictured.
Palmer Luckey, Jensen Huang, Elon Musk, and more have commented on California's billionaire tax proposal.

PATRICK T. FALLON/AFP via Getty Images; Isaac Wasserman/NCAA Photos via Getty Images; Patrick T. Fallon / AFP via Getty Images

The miracle of capitalism, with Silicon Valley characteristics

Tech Insider : Business
A US $100 banknote on top of Chinese 100-yuan banknotes depicting the late Chinese Chairman Mao Zedong.
A US $100 banknote on top of Chinese yuan banknotes depicting the late Chinese Chairman Mao Zedong.

REUTERS/Jason Lee

Why Jeff Bezos couldn't stop talking about 'a nurse in Queens earning $75,000' this morning

Tech Insider : Business, Economy
LOS ANGELES, CALIFORNIA - MARCH 15: Jeff Bezos attends the 2026 Vanity Fair Oscar Party Hosted By Mark Guiducci at Los Angeles County Museum of Art on March 15, 2026 in Los Angeles, California. (Photo by Jamie McCarthy/WireImage)
Jeff Bezos, the Amazon founder, says low earners should be exempt from paying income tax.

Jamie McCarthy/WireImage

KPMG is testing a new tool to train staff as AI takes over more of the grunt work of taxes

Tech Insider : Business
KPMG Lakehouse
KPMG plans to use simulation software to help workers develop tax judgment that was once gained through years of preparing returns.

Polly Thompson/Business Insider

High-earning real estate investors are using 'REPS' to slash tax bills. Here's who qualifies.

Tech Insider : Economy, Business
Jennifer and Paul Tessmer-Tuck
Jennifer and Paul Tessmer-Tuck used real estate professional status, or REPS, to reduce their tax burden while building a 16-property rental portfolio.

Courtesy of Jennifer and Paul Tessmer-Tuck

Andrew Yang says AI could swell economic inequality at an 'epic, unprecedented scale'

Tech Insider : Business, Economy, Technology
Andrew Yang
Andrew Yang advocated for a universal basic income during his 2020 US presidential campaign.

JP Yim/Getty Images for The Asian American Foundation

New York wants to tax empty second homes. Here's what happened in cities that tried it.

Tech Insider : Economy, Economy, Business
new york city mayor zohran mamdani speaking at a rally
New York City Mayor Zohran Mamdani wants to tax empty second homes worth millions.

Bloomberg/Getty Images

NYC's plan to tax luxury second homes, explained

Tech Insider : Politics, Economy, Business
Zohran Mamdani
NYC Mayor Zohran Mamdani and Gov. Kathy Hochul proposed a new tax on Wednesday.

Anadolu/Anadolu via Getty Images

Trump says Zohran Mamdani is 'destroying' NYC with proposed tax on the wealthy

Tech Insider : Politics, Business
Zohran Mamdani and Donald Trump
President Donald Trump lambasted New York City Mayor Zohran Mamdani on Truth Social.

Bloomberg/Bloomberg via Getty Images

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