Taxes

10 Years Later, Many Deep Scars From the Financial Crisis Remain

Posted: September 16, 2018 at 7:30 am

It has been about 10 years since the collapse of Lehman Brothers and since the forced buyout of Bear Stearns. The financial crisis turned into the Great Recession, and many ...
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More Than 75 Million Americans Won’t Pay Federal Income Tax This Year

Posted: September 9, 2018 at 8:21 am

The U.S. federal income tax system is "progressive." That means that the more income you earn, the more federal income tax you pay. That is a feature, not a bug, ...
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Are Taxes Dragging Down Your Favorite NFL Team?

Posted: September 4, 2018 at 10:55 am

A recent paper by the American Accounting Association (AAA) found that there is a negative relationship between the performance of NFL teams and the personal income tax rates of their ...
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10 States With the Lowest Gas Prices Get Government Help

Posted: July 5, 2018 at 6:35 am

As oil prices surge, gasoline prices have mostly risen in lockstep. The current price of an average gallon or regular nationwide is $2.87, according to the AAA Fuel Gauge. That ...
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6 Most Important Things in Business Today

Posted: May 23, 2018 at 5:12 am

Tesla Inc. (NASDAQ: TSLA) dropped the prices of its cars sold in China after the nation cut some auto import tariffs. According to Reuters: Tesla Inc has slashed up to ...
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6 Most Important Things in Business Today

Posted: May 15, 2018 at 5:05 am

Many investors believe the price of oil will go higher. According to Reuters: Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory ...
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How Long It Likely Will Take for Your IRS Tax Refund to Show Up

Posted: April 16, 2018 at 10:30 am

With the 2018 tax season coming to an end for the original deadline, the mad rush of April 15 (or April 17 this year) is upon us. Millions of Americans ...
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6 Most Important Things in Business Today

Posted: April 16, 2018 at 5:16 am

Starbucks Corp. (NASDAQ: SBUX) faces protests after two black men were arrested at one of its stores in Philadelphia. According to 24/7 Wall St.: There is now a call to ...
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Boeing’s Direct Exposure to China Trade War May Be Overblown

Posted: April 4, 2018 at 10:50 am

Shares of the Boeing Co. (NYSE: BA) were hit hard on Wednesday as retaliatory tariff announcements from China are set to include aircraft, along with the other real-economy items that ...
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Mega Millions Lottery Now $502 Million, 12 Things You Better Not Do If You Win

Posted: March 28, 2018 at 12:20 pm

Friday, March 30, 2018, is already the Good Friday holiday for millions of Americans. Whether Americans are religious or not, millions of them play the lottery. And the Mega Millions ...
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10 Companies That Would Love It If President Trump Goes After Amazon

Posted: March 28, 2018 at 11:50 am

Is it possible that the high and mighty Amazon.com Inc. (NASDAQ: AMZN) might have finally become so big and powerful that politicians actually go after the company where it hurts ...
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Cities Struggle to Collect Taxes From Amazon

Posted: March 26, 2018 at 6:15 am

It has become commonplace for Amazon.com Inc. (NASDAQ: AMZN) to collect state taxes on purchases, which has been a boon to those states. For years there was a worry that ...
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European Commission’s Digital Tax Plan Is in for a Fight

Posted: March 21, 2018 at 10:35 am

The European Commission (EC), the executive branch of the European Union (EU), on Wednesday issued a proposed taxation plan for digital businesses operating in the EU. Noting that nine of ...
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Powerball & Mega Millions Lotteries Hit $800 Million: 12 Things You Should Never Do If You Win the Lottery

Posted: March 16, 2018 at 11:35 am

It almost seems hard to imagine that this is possible, but we have another rare instance in the lottery world where two lotteries combined are approaching the $1 billion mark ...
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Powerball & Mega Millions Lotteries Now $738 Million: 12 Things Not to Do If You Ever Win the Lottery

Posted: March 12, 2018 at 10:55 am

It seems as though the new American Dream has become winning the lottery. After all, this is a chance to go from rags to riches instantly. There are no requirements ...
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