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So you owe the IRS a lot of money? Here’s what to do.

Mar 17, 2026Left

Warm temps and patio happy hours are on the horizon, so you know what that means: It’s time to play the IRS’s favorite twisted (and forced) guessing game: We’re going to make you figure out how much you owe us in taxes, even though we already know! If you aren’t super financially savvy — which, […]

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The court got party spending right. Foreign money is still the problem

Washington Examiner

Yesterday

The court got party spending right. Foreign money is still the problem

The Supreme Court ruled 6-3 on Tuesday that the federal government cannot cap how much a political party spends in direct coordination with its own candidates. National Republican Senatorial Committee v. Federal Election Commission struck down a Federal Election Campaign Act provision that had limited coordinated party expenditures since 1974, overruling the court’s 2001 decision […]

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MAGA lays into Trump’s big money schemes: report

Alternet.org

2 days ago

MAGA lays into Trump’s big money schemes: report

Sources close to the White House told RADAR Online in a Wednesday story that members of President Donald Trump’s stalwart followers are finally getting furious at all the money he keeps generating off the White House."People backed Trump because they believed he would fight for them and were hoodwinked into thinking he cared about the working classes who brought him into power,” said a longtime Republican activist familiar with grassroots sentiment among Trump's MAGA base. “Seeing billions tied to crypto makes some loyal supporters uncomfortable and most of them have no idea what crypto is, let alone have the resources to invest in it. They feel this isn't public service anymore."RADAR reports Trump triggered fresh criticism after financial disclosures showed he earned more than $1.4 billion from cryptocurrency ventures during his first year back in the White House, on top of other profits Trump has managed to grab for himself and his family in the last few months. First Lady Melania Trump herself also earned at least $10.7 million due to her controversial and critically-maligned documentary, "Melania."Another MAGA source speaking with RADAR Online added: "Many voters won't begrudge Trump's success, but these numbers are staggering. Critics inside the MAGA movement are calling it shameful and asking whether the presidency is becoming Trump's personal cash machine."Trump has also earned $290 million from his businesses including $77 million from Mar-a-Lago and additional profits from Trump National Doral, Bedminster and Trump National Washington DC. He additionally pocketed $86 million from settlements with media and social media companies like ABC, CBS, Meta, YouTube and X.“This isn't a cumulative number — it's in one year,” former Trump attorney Ty Cobb, who worked for Trump during his first term, told CNN’s Erin Burnett on Tuesday. Cobb was referring to Trump earning between $1 billion and $2 billion from his cryptocurrency ventures since assuming office for his second term in early 2025. “This is an industry he has actively promoted and supported, and — on policy, executive orders related to it — is it legal? I don't believe so, and certainly I don't think it was contemplated by the Founders when they created the Emoluments Clause.”In April MS NOW News reporter Alex Tabet pointed out that people are investing in Trump’s cryptocurrency coin not because of its intrinsic value but because it grants them access to the president.“Let me break down how this Mar-a-Lago crypto conference works,” Tabet wrote. “So, the top 297 holders of this Trump Coin — which buying, by the way, enriches the Trump family — gets you invited to the conference. The top 29 buyers of the coin get a special VIP reception with President Trump, complete with champagne.”He added, “And if I were one of those 29 people, I'd be hoping it's a bottomless brunch because the value of the Trump Coin has been absolutely decimated. The coin is down more than 84 percent in the last year, down 96 percent from its peak. So, I wouldn't be surprised if some of those attendees today were using those champagne flutes to catch their tears.”

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Trump Says 'Funds Run My Money,' And He Was Rich Before

Bloomberg Politics

2 days ago

Trump Says 'Funds Run My Money,' And He Was Rich Before

“We have funds that run my money,” President Donald Trump tells reporters when asked about his financial disclosures that show he made $1.4 billion in 2025 on crypto and memecoin-related businesses. He spoke at Joint Base Andrews on Wednesday morning. (Source: Bloomberg)

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AI Money and Anxiety Are Powering This Election Cycle

Bloomberg Politics

2 days ago

AI Money and Anxiety Are Powering This Election Cycle

AI is sparking nervousness among voters. AI money is funding the candidates. And AI is generating the campaign ads. On today’s Big Take podcast, how the first AI election mirrors the anxieties of our era.

Center

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Funds Run My Money, I Don’t Get Involved Says Trump (Q&A)

Bloomberg Politics

2 days ago

Funds Run My Money, I Don’t Get Involved Says Trump (Q&A)

President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure. “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them,” he said when he spoke to reporters before boarding AF1 (Source: Bloomberg)

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Bibles, Home Alone and perfume: Six surprising ways Trump made money in 2025

BBC News

2 days ago

Bibles, Home Alone and perfume: Six surprising ways Trump made money in 2025

Official documents show the US president made billions of dollars as he returned to the White House.

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The Supreme Court just made money matter even more

The Hill News

2 days ago

The Supreme Court just made money matter even more

The Supreme Court ruled in NRSC v. FEC that political parties can spend unlimited amounts of money in direct coordination with their own candidates, further increasing the influence of money in politics and drowning out the voices of ordinary citizens.

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E. Jean Carroll demands her money from Trump — with interest

Alternet.org

2 days ago

E. Jean Carroll demands her money from Trump — with interest

This week, the U.S Supreme Court refused to weigh in on President Donald Trump's defamation case from E. Jean Carroll that cost him a multi-million-dollar judgement in more than one case. Now, he's got to pay up. The Daily Beast reported on Wednesday that after Trump lost his final effort to hold off Carroll, she wants her money. Carroll accused Trump of assaulting her in a Bergdorf Goodman department store in the 1990s and Trump spent years calling her a liar and attacking her personally. Finally, she sued for defamation. In a Tuesday-night filing, Carroll's lawyer asked the judge to step in and order Trump turn over the cash. “Accordingly, the Court should direct the Clerk to disburse to Carroll the value of the judgment, including post-judgment interest, which amounts to $5,779,783.00 in total as of the date of this filing,” the filing says, according to legal analyst Adam Klasfeld of "All Rise News." “Defendant’s counsel contacted Carroll’s undersigned counsel to inquire whether Carroll would consent to a further stay of enforcement of the judgment in this action so that Defendant can ask the Supreme Court to reconsider its denial of certiorari in her case,” Carroll’s lawyer, Roberta Kaplan, said.“[A]fter four years of litigation across every level of the federal court system, it is time for this case to end. And under the Court’s Stipulation and Order, Carroll is now entitled to obtain payment of the money due under the judgment,” she added.There are currently two judgments for Trump, with the possibility of more. The first came in 2019 and the second filed in 2022. The second ended up in court first, which resulted in a judgment of $5 million. In the earlier case, the jury not only ruled for Carroll, but it also awarded her $83.3 million. The Beast explained that the math means that Trump now owes Carroll more than $100 million. While the Supreme Court turned down the second judgment, it's expected that Trump will appeal to the Supreme Court in his larger case as well. In September, a New York appeals court ruled against his appeal. His appeals continue to delay his payment to Carroll, but it also makes the interest climb.

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So you owe the IRS a lot of money? Here’s what to do.

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So you owe the IRS a lot of money? Here’s what to do.

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