California billionaire tax ‘economically disastrous’ expert warns

FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’ A proposed tax targeting California’s wealthiest residents is drawing strong support from likely voters, but critics warn it would discourage investment and trigger an exodus of high-income earners and businesses from the state. “I think it’s […]

Award-winning builder quits UK over tax pressure and skills shortages

An award-winning tradesperson has announced plans to leave the UK for Switzerland, warning that rising employment taxes, shrinking apprenticeship support and mounting red tape are driving skilled workers and small business owners overseas.Martin Daly , founder of Motherwell-based MD Builders and recently crowned Screwfix Top Tradesperson for 2025, said changes introduced in Labour’s first Budget […]

Taken a home loan for an under-construction property? Budget 2026 clarifies tax treatment of pre-construction interest

Ahmedabad-based Kushal Sharma took a ₹50 lakh home loan for an under-construction, self-occupied property and paid ₹1.5 lakh in interest before taking possession. Budget 2026 has clarified that such prior-period (pre-construction) interest can be claimed in five equal instalments after the completion of construction. However, the total annual deduction for home-loan interest on a self-occupied […]

New bill would prevent restored Social Security benefits from prompting tax bill

‘The Big Money Show’ panel discusses the alarming new analysis showing Social Security and Medicare racing toward insolvency and warns that retirees face steep benefit cuts unless Washington acts fast. A newly introduced bill would prevent some public sector retirees from being hit with a tax bill after they were made eligible for Social Security benefits […]