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Navigating Personal Finance in 2025: Key Changes to Capital Gains and Tax Brackets

As we step into 2025, several significant changes are set to impact personal finance, particularly in the areas of capital gains and tax brackets. These adjustments are designed to adapt to economic conditions and provide better financial planning opportunities for individuals. Capital Gains Tax Adjustments One of the most notable changes is the adjustment to capital gains tax. Starting in 2025, a higher tax rate will be applied to capital gains exceeding $250,000. This means that individuals selling assets with substantial gains may need to reconsider their timing and strategy to minimize tax liabilities. For example, spreading the sale of assets over multiple years could be a more tax-efficient approach. Changes to Tax Brackets Inflation adjustments are also on the horizon for tax brackets. To prevent inflation from pushing taxpayers into higher brackets, the income thresholds for each tax bracket will increase by 2.7%. For instance, the federal tax rate for earnings up to $57,375 wi...
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Centrist Benny Gantz Resigns from Israeli War Cabinet Amid Frustrations with Netanyahu

 

Benny Gantz, a centrist member of Israel’s three-man war Cabinet, announced his resignation on Sunday, citing Prime Minister Benjamin Netanyahu’s mismanagement of the war effort and prioritization of his own “political survival” over the country’s security needs. Gantz’s departure does not immediately threaten Netanyahu’s majority coalition in parliament, but it leaves the Israeli leader more reliant on far-right allies who oppose the latest U.S.-backed cease-fire proposal and advocate for continued military action.

Gantz, a popular former military chief, had joined Netanyahu’s government shortly after the Hamas attack in a show of unity. His presence bolstered Israel’s credibility with international partners, particularly the United States. However, his frustration with Netanyahu’s lack of a new plan for postwar Gaza led to his decision to step down. Gantz called for elections in the fall and encouraged Defense Minister Yoav Gallant to follow suit and resign from the government as well.

The move highlights the ongoing tensions within the Israeli government and underscores the challenges of managing the conflict in Gaza. As Netanyahu faces increased reliance on right-wing members of his government, the international community watches closely, concerned about the impact on stability and prospects for peace in the region.

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