Taxes

5 Most Important Things in Business Today: IBM M&A

International Business Machines Corp. (NYSE: IBM) bought a large software company to move further into cloud computing. According to Reuters: IBM Corp said on Sunday it had agreed to acquire ...
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Powerball & Mega Millions Lotteries Hit $2.2 Billion: 12 Things You Should Never Do If You Win Either Lottery

It is no secret that winning the lottery has become the new version of the American Dream. While the odds of winning are lower than the odds of being struck ...
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With $1.6 Billion Up for Grabs, 12 Things Not to Do If You Ever Win the Lottery

There soon will be some new rather filthy rich people in America. There have been no Mega Millions jackpot winners since July 24, so the jackpot will be at least $1.6 ...
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As Mega Millions & Powerball Lotteries Hit $1 Billion, 12 Serious Things Not to Do If You Win

Winning the lottery has become the new version of the American Dream. While the odds of winning are astronomical, it's easy to see what is drawing so many people each ...
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Why the Economy Cannot Cut the Budget Deficit

In the 2018 fiscal year, the federal budget deficit rose to $779 billion, up 17% from the year before. This did not include the full force of federal tax cuts ...
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Top 0.001%, Bottom 50% of US Taxpayers Pay Equal Shares of Income Tax

The top 0.001% of U.S. taxpayers paid 3.25% of all federal income tax collected in 2016. The bottom 50% paid 3.04% of all income tax collected that year. The top ...
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With $750 Million Up for Grabs, 12 Things Not to Do If You Ever Win the Lottery

There soon will be some new rather filthy rich people in America. The two major lotteries have combined jackpots worth more than $750 million! Tuesday night's Mega Millions lottery drawing ...
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10 Years Later, Many Deep Scars From the Financial Crisis Remain

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

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?

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

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

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

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

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

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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