Taxes
The state with the highest average income tax refund is Delaware, which attracts many businesses because of its corporate-friendly tax laws.
24 days ago
In 2019, the average state and local tax burden was more than 10% of income, but this figure varied widely from state to state.
1 month ago
A new paper suggests that the top 1% of U.S. earners are paying far less than their fair share of taxes. In fact, they are evading taxes.
1 month ago
Not included among 75 tech company CEOs who signed a pledge to pay their "fair" share of taxes to support the Tech for Good initiative were Tim Cook of Apple and Jeff Bezos of Amazon.com.
5 months ago
The Congressional Budget Office publishes each year a nonpartisan long-term projection of what it expects will be seen in federal deficits, debt, spending, and revenues. The annual report looks out...
7 months ago
Last Updated: 7 months ago
Three U.S. Senators have proposed a one-time tax on a handful of billionaires whose wealth greatly increased during the pandemic, including Jeff Bezos and Elon Musk. The money would help fund...
9 months ago
Due to the spread of coronavirus, some current federal tax receipts of about $4 trillion a year will be pushed out a year from 2020 due to rescue plans.
1 year ago
Last Updated: 1 year ago
One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China...
1 year ago
Last Updated: 1 year ago
Investors of Aurora Cannabis, like investors everywhere, are an impatient lot. Wall Street expects profits, and none of these marijuana companies is anywhere near profitability.
1 year ago
Last Updated: 1 year ago
About three-quarters of the Fortune 500 companies made a profit in 2018. Among those profitable companies, 91 paid no taxes at all and another 56 paid less than 5%. The statutory rate for corporate...
1 year ago
Last Updated: 1 year ago
SunPower has announced a joint venture with Hannon Armstrong Sustainable Infrastructure Capital that will preserve the federal investment tax credit for third-party owned commercial and residential...
1 year ago
Last Updated: 1 year ago
The 2017 tax reform bill dramatically increased the number of Americans who claim the deduction for mortgage interest.
1 year ago
Last Updated: 1 year ago
Cutting the U.S. IRS budget by more than $13 billion in the first decade of the 21st century resulted in more than $34 billion in lost tax revenue.
1 year ago
Last Updated: 1 year ago
Three of the world's largest oil companies have adopted proposals to make them more responsive to and transparent regarding their impact on climate change. Don't expect any big changes.
1 year ago
Last Updated: 1 year ago
The IRS has released its latest report on fiscal year 2018 federal tax collections. Quite a few things have changed since 1960.
1 year ago
Last Updated: 1 year ago