One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes. The individual income tax matters—a lot—because it is the largest single source of U.S. revenue. And its share has risen […]
Tax Trouble For Certain Bitcoin Traders…
What do you do, come April 17, if you made a ton of money trading crypto last year and have since lost most of it? Panic, probably. A lot of last year’s winners are in deep porridge now. They owe tax on 2017 profits. They’re losing money now, so it’s not easy to come up […]
Ouch!: Amazon Stock Drops $260B Following Trump’s Tweets…
Who says name-calling doesn’t hurt? Amazon investors can measure the pain of President Trump’s Twitter attacks over the past three trading days in dollars. They’ve lost a collective $260 billion as the e-commerce giant’s shares tumbled 2.8 percent since the president’s March 29 renewal of his social-media onslaught against the company run by Washington Post […]
4 Big Supreme Court Cases to Watch Over the Next Six Weeks…
Supreme Court justices departed for a brief, two-week recess on March 5 and will return to the bench on March 19 for oral arguments. From March through April, the Supreme Court will consider a number of high-profile cases in addition to Benisek v. Lamone, a case challenging the redrawing of Maryland’s 6th Congressional District. The […]
Is Amazon Too Big to Tax???
This year, like every other year, is shaping up to be a triumphant one for Amazon. It is on the cusp of becoming the first trillion dollar company ever. In the coming months it will announce the opening of a second headquarters—and likely bank billions in tax breaks and other incentives from the lucky city […]
Peter Navarro Pushes Back Against False Narrative from GOPe and Wall Street Financial Class – America First Economic Policy…
U.S. Steel and Aluminum tariffs are just one component of a larger economic issue. Bringing back U.S. production on those sectors is vital to the infrastructure of a manufacturing and production economy. Modern Wall Street is centered on multinational interests within economic globalism. Weaken the trade grip of the multinational corporations and their financial manipulation […]
NAFTA Round #6 – USTR Robert Lighthizer Highlights Canada’s Deceptive Negotiation Approach…
NAFTA renegotiation round six ended yesterday in Canada will no substantive progress on the most contentious trade issues. One negotiation chapter on corruption was closed, but there was little to no agreement on much else. Each of the primary Trade Representatives gave a closing statement at the conclusion of Round #6. U.S.T.R. Lighthizer blasted Canada […]
Mick Mulvaney Begins Review of “Entire Operation” Behind CFPB…
Interim Director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, announces the entire operational architecture of the liberal protection racket is being reviewed. As many reports have indicated, the CFPB was structured to be an unaccountable branch of the government dedicated to controlling the financial industry, and by extension the U.S. economy, by blackmailing […]
Tax Cuts Drive Business Back to the Motor City…
Fiat Chrysler will make Ram trucks in Michigan instead of Mexico beginning in 2020, and the company says this will mean 2,500 extra jobs at the plant in Warren, Detroit’s largest suburb. While this isn’t the first bit of good economic news in the wake of big corporate tax cuts Republicans just passed, it’s the […]
How Tax Reform Bill Will End the Nonprofit Executive Pay Scam…
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