Was this page helpful to you? Thank You! The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work? Contribute to the Tax Foundation Share This Article! Let us know how we can better serve you! We work hard to make […]
CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He did not specify the companies […]
FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option. Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them, they can help protect your […]
Note: The following is the testimony of Scott A. Hodge, President of the Tax Foundation, prepared for the Senate Finance Committee (Subcommittee on Fiscal Responsibility and Economic Growth of the Committee on Finance) for a hearing on April 27, 2021, titled, “Creating Opportunity Through a Fairer Tax System.” Table of Contents Thank you, Madame Chairman, ranking member Cassidy, members of […]
The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package. The IRS released Revenue Procedure 2021-23on Monday, which modifies and supersedes parts of the 2021 inflation adjustments in last year’s Rev. Proc. 2020-45, to reflect some of the changes in […]
Have you ever dealt with a problematic employee who just can’t seem to get motivated, no matter what you try? Or have you ever found one of your best and most successful employee struggling to get through a particularly challenging day? Unfortunately, there’s no easy switch you can flip to suddenly make your workforce motivated. But there are a handful […]
Take the stress out of managing your business’s bookkeeping, accounting, and tax prep. April 26, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Running a business comes […]
Get the financial education you need to run your business more efficiently. April 27, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. When you’re running a business, […]
The Biden administration is proposing to tax long-term capital gains at ordinary income rates for high earners, which will bring the top federal rate to highs not seen since the 1920s. Taxing capital gains at a lower tax rate than ordinary income is partly a feature of savings-consumption neutral taxation. The highest capital gains tax rates in history date to […]
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was awarded $2.89 billion for NASA’s […]
Today, members of the Nebraska Unicameral will debate a bill (LB432 with Revenue Committee amendment AM774) that, among other provisions, would exclude Global Intangible Low-Taxed Income (GILTI) from taxation and reduce the state’s top marginal corporate income tax rate by nearly one percentage point. These two tax changes would improve the state’s economic competitiveness and are among the top income […]
President Joe Biden and First lady Jill Biden walk on the Ellipse near the White House on April 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Roughly 75% of U.S. stock investors wouldn’t be subject to an increase in the capital-gains tax rate due to the types of accounts they own, according to UBS. President Joe Biden […]
Was this page helpful to you? Thank You! The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work? Contribute to the Tax Foundation Share This Article! Let us know how we can better serve you! We work hard to make […]
Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward for Republicans and Democrats. The Energy Sector Innovation Credit Act, proposed by Sen. Mike Crapo, R-Idaho, the top Republican on the committee, and Sheldon Whitehouse, D-Rhode Island, aims to encourage innovation in the clean energy […]
Ideal for business owners, managers, and leaders who are looking for guidance on how to prevent problems rather than just solving them. If you buy something through our links, we may earn money from our affiliate partners. Learn more. Are you sick and tired of reacting to problems? You start each day with lofty goals only to be sidetracked by […]
In this article CSGH Narisara Nami | Moment | Getty Images Young investors are piling into stocks. Yet before you follow their lead, there are several things you should do first. Otherwise, you could get burned. “Sometimes the shiny object or the stock that is being flashed around the screen or talked about on Twitter gets the most attention,” said […]
Derek Holjes Derek Holjes was hired as a manager in the audit services group at RKL, Mechanicsburg. McCarthy & Co., Lafayette Hill, was included on the Philadelphia Business Journal’s annual list of accounting firms. Tanner Barretta, a staff II accountant in the rotational development program at Belfint, Lyons & Shuman, West Chester, earned the CPA designation.
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room of the White House in Washington, DC. Brendan Smialowski | AFP | Getty Images Energy Secretary Jennifer Granholm on Friday emphasized the need for the world to come together in an effort to tackle climate change, while stressing the economic […]
Along with Clorox wipes and toilet paper, the demand for backyard swimming pools has skyrocketed since the start of the pandemic. Across the country, swimming pool and hot tub suppliers struggled to meet a sudden wave of demand. But putting in a pool is a pricey proposition, and not everyone who wanted to swim could build their own backyard oasis. […]
AuditBoard has rebranded its cloud-based information security risk and compliance software as CrossComply. The software helps businesses comply with SOC, ISO, PCI, NIST, GDPR, CMMC, and other regulations. CrossComply’s reporting capabilities allow teams to view risk and compliance assessment results, view via real-time data dashboards, and automate reporting on assessments, exception and gap remediation, and outstanding tasks. The solution centralizes […]