Category

Tax Laws

Technology

Will SpaceX Stock Hit the Market in 2016?

SpaceX founder Elon Musk made some ambitious statements yesterday regarding space travel.

These claims have renewed investor interest in whether or not SpaceX stock will hit the market this year.

Here's more on what Musk shared at this high-profile conference...

Washington

New Panama Papers Release Exposes 36 Americans, Including One Former NFL Star

The Panama Papers saga continues:

Yesterday, the International Consortium of Investigative Journalists unveiled a massive, searchable database.

One that exposed 36 fraudulent Americans...

global markets

Tax Havens Are the Devil, Now Say 300 Economists from 30 Countries

Over 300 economists warned global leaders about tax havens today.

They claimed these institutions serve absolutely no purpose but to keep the world's poor even poorer...

Washington

Bernie Sanders Is Right on U.S. Corporate Taxes – Most Pay Zero

Bernie Sanders is fond of pouncing on the topic of U.S. corporate taxes on the campaign trail. Specifically, he says companies need to pay their "fair share."

And a recent Government Accountability Office (GAO) has confirmed what Sanders has been saying.

Nearly 20% of large U.S. companies that turn a profit pay no corporate taxes to Uncle Sam in any given year, the GAO found.

Nearly 20% of large companies pay zero in U.S. corporate taxes in any given year. Here's how they pull it off - and why this abomination will never be fixed...

Washington

This Policy Will Beat Down U.S. Profits

The new rules from the U.S. Treasury and Congress on tax inversions will hurt U.S. corporate profits.

The Allergan/Pfizer deal makes these problems clear.

Here's what investors need to know about the new tax rules...

Washington

Obama's Tax Inversion Talk Is Just Washington Blaming Wall Street for Its Mess Yet Again

President Obama's "tax inversion" remarks today were hypocritical.

The president said such corporate tax loopholes make it harder to spend money to keep the economy strong.

While this may be true, we're curious as to why he's not pointing his fingers at his fellow politicians instead of blaming Wall Street...

Washington

Government at Its Finest: Ohio Reveals It Lost 50,000 Taxpayers' Personal Data

The Regional Income Tax Agency of Ohio – RITA – revealed that it lost the personal data of some 50,000 Ohioans.

The misplaced information included clients’ names, Social Security numbers, personal incomes, and birth dates.

If the vast number of those affected doesn't worry you, then check out how the sensitive information was being kept...

Washington

This New Tax Deal Will Tack $700 Billion onto the National Debt

The new tax deal being debated in Congress comes with a 10-year price tag of about $700 billion. It's likely to pass before the end of the year.

With it comes new provision extensions – many permanent – that are backed by both the GOP and the Democratic party.

While all this love and peace is nice, the new tax plan will make the national debt balloon even more....

Election

Trump's Zero Tax Plan Unveiled Today: Here's What We Know Now

Republican presidential front-runner Donald Trump unveiled a tax plan on Monday under which a large segment of U.S. taxpayers would have a "zero tax" rate.

His tax policy would reduce the number of tax brackets from seven to four: 25%, 20%, 10% and 0%.

The billionaire businessman also said he would increase rates for some individuals...

Breaking News

Here's Everything Wrong with Hillary Clinton's Capital Gains Tax Plan

In a speech today, Democratic presidential front-runner Hillary Clinton struck-out at 'short-termism' in proposing to hike capital gains taxes for investors who hold investments for only two or three years.

In doing so, she not only betrayed the nearly genetic pre-disposition of any Democratic politician to raise taxes…

But this is just the beginning of the colossal mistake Hillary just proposed...