Month: October 2018

Today’s map is the final in our series examining each of the five major components of the 2019 State Business Tax Climate Index. Compared to individual, corporate, sales, and property taxes, unemployment insurance (UI) taxes are less widely understood but have important implications for the business climate in a state. A state’s performance on the
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Key Findings The tax code contains several provisions which vary based on family composition and are designed for purposes such as offsetting the costs of having children or encouraging lower-income individuals to join the labor force. Currently, family status affects at least six tax provisions: the child tax credit, the child and dependent care tax
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Kitty Bassett, a 1950 graduate of Wellesley College, opens her refrigerator door as one of her cats, Rascal, positions herself for a handout at Bassett’s Arundel, Maine, home (AP Photo/Stephan Savoia) On Tuesday, voters in Maine will decide whether to create the nation’s first universal public home care benefit for older adults and younger people
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Election day tax choices; 199A decisions; data mining; and other highlights from our favorite tax bloggers. All in the game Wolters Kluwer (http://news.cchgroup.com/): Seems rigged: A closed circuit horse racing simulcasting system was subject to Pennsylvania sales and use tax but royalties paid for intellectual property used in operating video poker machines in a casino
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Key Findings The United States levies several excise taxes, which are taxes on specific goods or activities rather than a general tax base like income. Alcohol excise taxes fall under this category and are levied on manufacturers and importers of the three main alcohol commodities: beer, wine, and spirits. While excise taxes do have a
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In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
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Credit: Getty Royalty Free The market has lost its mind. Daily market swings have gotten a little out of hand lately, much like a see-saw being used by sugar-overloaded children, each trying to send each other flying off. Yesterday’s 918.35 intraday point swing in the Dow was the ninth largest in history. The rally killer was news
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Extrovert in financial planning and investment decision makingandthenwesaved.com Because of their acquisitive nature, it can be more difficult for extroverts to conquer their desire for prompt gratification. Extroverted investors are engaging because they stand out from the crowd. Five Traits of Extroverted People that Influence Financial Planning and Investment Decisions Talkative The talkative nature of extroverts
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An interview with Billionaire and Co-Founder of hedge fund and venture capital fund Coatue Management, Philippe Laffont. In this interview, Philippe discusses his career and starting his hedge fund. Philippe also talks about investing in tech stocks and gives advice on how to get a job at a hedge fund. Like if you enjoyed Subscribe
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Across the country, state policymakers took strides to improve tax codes. In recognition of these efforts, the Tax Foundation honors state legislators, governors, and other individuals with our Outstanding Achievement in State Tax Reform award. As the name suggests, the honoree’s accomplishments must (1) be outstanding, (2) represent an achievement (not merely a proposal), and
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