Taxes

Voters and real estate leaders tell Fox News Digital why Florida's historic property tax relief makes the Sunshine State "unbeatable" while brushing off critics' warnings.

The Treasury Department and IRS announced 6,576 new Opportunity Zones nationwide, including thousands of rural communities, as the tax incentive program enters a new era.

The Golden State's Proposition 40 billionaire tax could raise far less than $100 billion as wealthy residents flee California before the vote.

Hidden homeownership costs now total $16,566 annually as insurance premiums surge 54% and maintenance expenses climb 32% over the past five years.

Mark Zuckerberg struck a deal with Meta involving non-voting shares to cover a potential Proposition 40 wealth tax bill while staying in California.

United Airlines CEO Scott Kirby says passive wealth that grows tax-free until death feels unfair, even as critics spotlight his $32.3M compensation.

United CEO Scott Kirby stays mum on his $32 million compensation package after warning wealth inequality threatens society and calling for a national wealth tax and steep inheritance taxes.

Mark Ruffalo slammed Gavin Newsom for opposing California's billionaire wealth tax, calling it "disqualifying" for anyone with ambitions for higher office.

The CBO reports the federal budget deficit hit $2 trillion in fiscal year 2026 as net interest on the national debt surged 11% year over year.

Red-dyed diesel reserved for farm equipment is now temporarily highway-legal after President Donald Trump's order estimates $100-plus savings per refill.

Art Laffer warns California's Proposition 40 wealth tax on billionaires could trigger a massive exodus and devastate the state's economic future.

Proposition 40's billionaire tax threat is freezing real estate deals and accelerating a business exodus from California, Christie's International Real Estate Southern California CEO warns.

The IRS handled 600 million online inquiries last year as it prepares to launch a mobile app combining refund tracking and tax payment in one platform.

Eric Schiffer warns California's Proposition 40 wealth tax could trigger a mass exodus of billionaire entrepreneurs, draining jobs and tax revenue.

The Democratic Socialists of America platform could cost up to $212 trillion over a decade, a Cato Institute analysis of DSA policies estimates.

New York City's biggest crisis is inventory, not capital flight, as high-net-worth buyers rent or pivot rather than flee in the "confusion" of the pied-à-terre tax.