Author: Daniel snow

How Trump accounts workNot unlike a 529 college savings plan, Trump accounts come with a tax incentive. Earnings grow tax-deferred, and qualified withdrawals are taxed as long-term capital gains.Under both the House and Senate versions of the bill, withdrawals could begin at age 18, at which point account holders can tap up to half of the funds for education expenses or credentials, the down payment on a first home or as capital to start a small business.At 25, account holders can use the full balance for expenses that fall under those same guidelines and at 30, they can use the money…

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New York City Comptroller Brad Lander is placed under arrest by Immigration and Customs Enforcement (ICE) and FBI agents outside federal immigration court on Tuesday, June 17, 2025, in New York. Olga Fedorova | APNew York City Comptroller and mayoral candidate Brad Lander was detained Tuesday by Immigration and Customs Enforcement agents as he was escorting a defendant out of immigration court, his wife said in a statement.”While escorting a defendant out of immigration court at 26 Federal Plaza, Brad was taken by masked agents and detained by ICE,” Lander’s wife, Meg Barnette, wrote on X.”This is still developing, and…

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U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the the G7 summit in Canada to return to Washington, June 17, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Tuesday warned Iranian leader Ali Khamenei that he is an “easy target” and that “our patience is wearing thin,” before demanding Tehran surrender in its conflict against Israel.”We know exactly where the so-called ‘Supreme Leader’ is hiding,” Trump wrote on Truth Social.”He is an easy target, but is safe there – We are not going to take him out (kill!), at least not for now,”…

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