“The hardest thing in the world is to understand the income tax.” — Albert Einstein Every now and then, we are reminded that taxes can be complex and confusing, and understanding tax policy is an endeavor all its own. Even those of us who work at the Tax Foundation are not immune to this reality.
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In this article MAR LUV JBLU ULCC Follow your favorite stocksCREATE FREE ACCOUNT Women pose for a photo while holding an ice cream at Trevi fountain during hot weather as a heat wave hits Europe in Rome, Italy, July 19, 2022. Guglielmo Mangiapane | Reuters The competition for travel dollars is heating up, and the
In this article HUM Follow your favorite stocksCREATE FREE ACCOUNT A Humana office in Louisville, Kentucky, July 31, 2023. Jon Cherry | Bloomberg | Getty Images Humana shares rose Wednesday after the health insurer said medical costs came in lower than expected during its second-quarter earnings report. The results ease investor concerns two months after
In this article ROKU QCOM DASH ETSY PYPL CLX LUV Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines planes sit idle on the tarmac after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International
Nopphon Pattanasri | Istock | Getty Images A cashless society is nearly within reach. After years of reluctance, Americans finally abandoned paper currency during the pandemic in favor of “tap and go” transactions and have now almost entirely embraced contactless and digital payment methods. Cashless payment volumes are only expected to increase going forward, according to a recent
Dominique Dawes, four-time Olympic medalist, never had it easy as an elite athlete, and has not had it easy as a small business owner. The world-renowned, highly decorated gymnast is one of only three American women to compete in three different Olympic games, and was the first Black woman to receive an individual Olympic medal
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In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT The Fitch Ratings downgrade of the United States’ long-term credit rating ultimately doesn’t matter, JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday. “It doesn’t really matter that much” because it is the market, and not rating agencies, that determine borrowing costs, Dimon told CNBC’s
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm reported third-quarter earnings on Wednesday that beat Wall Street expectations, but revenue and guidance
In this article CLX QRVO ZG QCOM DASH ETSY HOOD Follow your favorite stocksCREATE FREE ACCOUNT Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Check out the companies
In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari Original Factory Entrance Courtesy: Ferrari Ferrari on Wednesday said that its second-quarter profit jumped 33% from a year ago as more of its customers chose costly “personalization” options for their new sports cars. Ferrari also raised its guidance for the full year following the
Courtney Keating | E+ | Getty Images While scrolling social media, you may find a video of President Joe Biden urging you to sign up for extra Social Security benefits for which you are eligible. While the hypothetical video may seem real, the promise of extra benefits is not. It’s one example of the ways
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Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC Disney CEO Bob Iger has taken the unusual step of paying former executives Kevin Mayer and Tom Staggs a consulting fee to help him solve a complex problem: what to do with
In this article EVGO Follow your favorite stocksCREATE FREE ACCOUNT A view of an EVgo EV charging station on July 28, 2023 in Corte Madera, California. Justin Sullivan | Getty Images EV charging network operator EVgo on Wednesday reported second-quarter revenue that beat Wall Street’s expectations and posted a narrower-than-expected loss, as more EV drivers used its
The unemployment rate for young people ages 16 to 24 in China has soared to record highs above 20% in May and April. Kevin Frayer | Getty Images News | Getty Images BEIJING — Ask young people about the Chinese job market, and the frequent answer is things are more difficult this year. Most people
In this article EXPE Follow your favorite stocksCREATE FREE ACCOUNT An unusual summer scorcher or a new normal? Some travelers aren’t waiting to find out if this year’s heat wave in southern Europe is an anomaly or part of a longer-term pattern caused by climate change. Tom Marchant, co-founder of the London-based luxury travel operator
Valentinrussanov | E+ | Getty Images The IRS has unveiled plans to offer digital correspondence for the 2024 tax season, building on the agency’s decade-long overhaul of improved service, technology and compliance. By 2025, the agency aims to achieve “paperless processing” for tax returns and so-called information returns, used by employers and financial institutions. related
OpenAI with Microsoft – Bing seen on mobile, seen in this photo illustration. Jonathan Raa | Nurphoto | Getty Images The sudden rise of generative artificial intelligence has led the biggest technology companies in the world to invest billions. For $20 a month, every small business can get started in gen A.I. use that may
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates have been holding at high levels for several weeks now, and that is taking its toll on homebuyers. The Mortgage Bankers Association reports the average contract interest rate