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“It’s not about dividing the country. It’s about bringing together the middle class, the working families of this country, the low-income people who have been ignored for far too long.”
— Bernie Sanders
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How the proposed 3.5% US remittance tax could shrink savings for NRIs, visa holders – CNBC TV18
“Sending money home from the United States could get costlier for immigrants if a proposed 3.5% excise tax on remittances becomes law. The US House of Representatives has passed the “One Big Beautiful Bill,” which includes this tax aimed at non-US citizens. The measure is now awaiting Senate approval and could take effect from January 1, 2026. The tax, if enacted, will apply to every international money transfer made by non-citizens, including H-1B visa holders, green card holders, and students on F-1 visas.”
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Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say
“The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.”
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Federal Taxes
Long-term capital gains tax rates (2025):
- 0% for income up to $44,625 (single filer).
- 15% for income between $44,626 and $492,300.
California State Taxes
California does not have a separate tax rate for capital gains; they’re taxed as regular income.
2025 California income tax brackets (estimated, based on recent years):
- For income up to $10,099 (single filer), the tax rate is 1%.
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Social Security claiming tips: Look before you leap.
“Important: Once you claim, your benefit is generally set for life. For married couples, the claiming decision by one spouse can have a dramatic effect on the other’s benefit.”
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30 Years Homesteading in Europe – Farming, Self-Sufficiency, Freedom 🇫🇷
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How much do you (really) need to save for retirement?
“Just how big your nest egg should be and how long it might last will depend not only on what you save and invest but also how you plan to spend money once you retire. Do you plan to work part time in retirement? Travel a lot? At what age do you plan to retire? Answers to all these questions will help you figure out how large a nest egg you may need to live the life you want in retirement. And don’t forget to factor in inflation and future market conditions.”
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“I’m not broke; I’m pre-rich.”
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The exact multimillion dollar figure the American Dream now costs, according to research
“The financial media site Investopedia has done the math and calculated that achieving those milestones now costs a staggering $4.4 million—over $1 million more than most Americans will make in their lifetime, according to the researcher.”