Pay Now, Fly Tax-Free Private Jet Card Offers Are Taking Off

If you drive a car, I’ll tax the street

If you try to sit, I’ll tax your seat

If you get too cold, I’ll tax the heat

If you take a walk, I’ll tax your feet

-The Beatles

The Fab Four exempted flying from their 1966 song about taxes. Now, thanks to the 2020 bipartisan hit commonly referred to as the CARES Act, it could be a while before you have to pay the 7.5% Federal Excise Tax for your private jet flights.

At least, that’s the thought from a growing number of companies that sell prepaid jet cards. However, there’s an asterisk with this promotion.

So far, only a handful of the more than 60 companies that sell jet cards are promoting the buy now, fly tax-free element, although

Read More

Axis Bank collaborates with Google Pay, Visa to launch a new ACE Credit card

Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa.

The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally.

For essential use cases, including mobile recharges and bill payments made via Google Pay, users can earn a cashback.of 5 per cent. The company is also offering 4 per cent-5 per cent cashback for expenses on food ordering, online grocery delivery, cab rides for transactions made on partner merchant platforms such as Swiggy, Zomato, BigBasket, Grofers and Ola.

There is also an unlimited 2 per cent cashback on other transactions (terms and conditions applied).

“Users will be able to get cashback directly into their ACE Credit Card accounts. The tokenization feature enabled in partnership with Visa will allow Google Pay users to use

Read More

Supreme Court allows minor leaguers’ class action over pay

The Supreme Court is allowing a class-action lawsuit to proceed from minor league baseball players who allege they are being paid less than minimum wage.

The lawsuit involves minor league players in Arizona, California and Florida. The justices offered no comment Monday in rejecting Major League Baseball’s appeal.

The players first sued major league teams in February 2014, claiming most earn less than $7,500 annually in violation of several laws. A judge had initially allowed only the California players to sue, but the federal appeals court in San Francisco ruled in favor of the players from Arizona and Florida.

“The Supreme Court’s decision to let the class certification decision stand is great news for minor league players,” said Korein Tillery LLC, the firm representing the players. “After almost four years on appeal, the players can now return to the trial court to ensure that Major League Baseball and team

Read More

Here’s who would pay more under Joe Biden’s tax plan

Democratic presidential candidate Joe Biden says that if elected, he will raise taxes only on the wealthiest Americans. And indeed, analyses of his tax plan find that fewer than 2% of earners would pay more.

That’s because the nominee pegs “wealthy” at an adjusted gross income of at least $400,000 per year. Biden is proposing a marginal income tax rate increase, meaning that while it kicks in at $400,000, the more money a worker makes over that threshold, the more they’ll pay in taxes.

The plan primarily increases taxes for those earning more than $1 million a year, according to an analysis from the Tax Policy Center.

“People making between $400,000 and $700,000 are going to have a tax increase of only about 1% or less,” Seth Hanlon, senior fellow at the Center for American Progress, a left-leaning think-tank, told CNBC.

The $400,000 threshold is intentional: Biden wants to contrast

Read More

How Google Pay allows you to make purchases without your credit card

a close up of a computer: How Google Pay allows you to make purchases without your credit card

© Akanksha Sarma
How Google Pay allows you to make purchases without your credit card

Tapping the contactless credit and debit card at near field communication (NFC) enabled point-of-sale (POS) terminals for paying bills after shopping has eased the payment process for many customers. It enables you to transact quickly and there is no risk of the card details getting compromised at the merchant’s place. Ever imagined that you can now do the shopping in a similar way by using your mobile phone at the billing counter?

Recently, Google Pay announced the rollout of ‘tokenisation’ across its platforms. This allows customers to safely transact with their cards saved in the app and use the tap-to-pay feature on NFC-enabled POS terminals and online merchants. The payment app has partnered with Visa and banking partners. This feature is at present available to users of Axis Bank, and SBI Card holders. Others such

Read More

Trump Administration To Force Employers To Pay H-1B Visa Workers Similar Wages To Americans

The Trump administration has announced plans to significantly overhaul the U.S. H-1B visa program with a rule change that will force employers to pay H-1B visa workers similar wages to those earned by Americans.

Under the H-1B visa program, thousands of foreign skilled workers are able to live and work in the U.S. each year, with the visa frequently being used in the tech industry.

Addressing reporters in a press conference call on Tuesday, senior officials with the Department of Homeland Security and Department of Labor said new wage rules were aimed at ending abuse of the H-1B visa program and would force employers to put Americans first.

Americans, they said, are

Read More