Tax & Finance
Corporations in the U.S. economy — both foreign and domestic — have forked out $96 billion since 2000 in U.S. penalties for price fixing and other anti-competitive actions in more than...
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In a perfectly free market economy, prices are determined by the laws of supply and demand, resulting in equilibrium prices for goods and services. In our near-free markets, corporations set prices...
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This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Vermont has the highest effective tax rate of any state, according to the Tax...
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This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Connecticut residents pay the most in state and local taxes in the United...
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The Bureau of Labor Statistics released the consumer price index for April. The results were a surprise. After over a year of relatively high inflation, the pace slowed considerably. Consumer prices...
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The American consumer’s mantra for ages has been to “Charge it!” Purchasing with plastic keeps the flow of goods and services moving, and the economy humming. But in the past four decades,...
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Last Summer, U.S. gas prices exceeded $5 for the first time in history. The causes included the end of the pandemic leading to an increase in demand, and the Russian invasion of Ukraine, resulting in...
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The United States government is on the brink of defaulting on its debt. Since surpassing its $31.4 trillion borrowing cap in January 2023, the federal government has remained solvent through...
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At the start of 2023, the United States government surpassed its debt limit of $31.4 trillion, and in the months since, the Department of the Treasury has taken extraordinary measures to fund public...
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This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Homeownership rates in the United States have increased since the beginning of...
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The past 20 years have been an era of rapid economic growth in China. Between 2001 and 2021, China’s gross domestic product grew by more than 1,200% – from $1.34 trillion to $17.73 trillion,...
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Most Americans are woefully underprepared for retirement. Based on analysis of Federal Reserve data by the accounting firm PwC, the typical American between the ages of 55 and 64 has just $120,000 in...
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About half of the $4.9 trillion in revenue the federal government collected in fiscal 2022 came from individual income taxes. Americans pay an average of more than $10,000 to the U.S. Treasury...
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The number of companies filing for liquidation or reorganization was more than double in the first three months of this year compared to the first quarter of last year, according to S&P Global...
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Home sales surged in the United States in the early months of the pandemic. From the first quarter of 2020 to the second, the homeownership rate in the U.S. climbed from 65.3% to 67.9% – the...
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