Share to facebook Share to twitter Share to linkedin More bad news for the embattled office-sharing startup. Scott Olson/Getty Images Topline: Troubled office-space startup WeWork is facing more bad news, with the company announcing today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
The Senate adds more drama to a stopgap government funding measure. It seemed like a routine vote to keep the government open through Dec. 20 while Congress continues to haggle over spending priorities. But the Senate refused to pass the House version of a continuing resolution because the GOP leadership feared it would limit their
Hey, you know that really annoying Cher song? No, not “I Got You Babe,” the other one. No, no…not “Believe,” the really annoying one. C’mon…you know the one I’m talking abo….yes! “If I Could Turn Back Time,” that’s the one! That song came on the radio the other day, and I got to thinking, “Man,
Economic Security Planning, Inc. Today’s column addresses what happens when benefits are withheld due to the earnings test, when spousal benefits might be available, public pensions and spousal benefits, survivor benefits and how excess spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Looking for a “breakthrough.” The House passed another temporary federal government funding bill through Dec. 20. But agreeing on a permanent bill may not be so easy. Senate Budget Committee Chair Richard Shelby says “impediments” have come up in negotiating top-line spending numbers for 12 appropriations bills. They’re familiar: ”It’s not just the allocations, it’s
WASHINGTON, DC – NOVEMBER 15: U.S. President Donald Trump delivers remarks in the Roosevelt Room at … [+] the White House on November 15, 2019 in Washington, D.C. (Photo by Zach Gibson/Getty Images) Getty Images Lots of people want to see President Trump’s tax returns, including members of Congress, New York state prosecutors, and —
Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
Pursuing whistleblower allegations that a political appointee interfered with a Trump or Pence IRS audit. Staff for Senate Finance Committee Chairman Chuck Grassley and top panel Democrat Ron Wyden met with an IRS whistleblower who alleges that at least one political appointee at Treasury tried to interfere with an audit of President Trump or Vice
Last week I wrapped up my first semester as a professor at the University of Denver’s Graduate Tax Program, and I’ve got to say, the transition back to civilian life hasn’t been easy. I found my daughter in tears this morning, and my immediate reaction was to ask if she was suffering from “physical injury
This week, the OECD is holding a public consultation as part of its work on the tax challenges of the digital economy. This broad effort is being made in the face of significant uncertainty in international taxes. Part of that uncertainty has been driven by digital services taxes that are being considered by various countries.
Share to facebook Share to twitter Share to linkedin Supreme Court Justices John Roberts, Elena Kagan, Neil Gorsuch and Brett Kavanaugh attend the State … [+] of the Union address February 5. Photo by Doug Mills-Pool/Getty Images Topline: The Supreme Court on Monday gave President Trump a temporary reprieve from handing his tax returns over
More evidence that the TCJA failed to generate business investment. The New York Times reports on its analysis of data compiled by Capital IQ. After the Tax Cuts and Jobs Act (TCJA) reduced the corporate income tax rate from 35 percent to 21 percent, there was “no statistically meaningful relationship between the size of the
Share to facebook Share to twitter Share to linkedin Former Vice President Joe Biden. Photo by Scott Olson/Getty Images Topline: If elected president, Joe Biden wants to spend $1.3 trillion on an infrastructure package that includes a transportation overhaul and rebuilding the country’s roads, bridges and tunnels while moving to net-zero carbon emissions, and plans
That number was the third highest on record, despite the fact that the tax changes that took effect in 2018 reduced some of the opportunities to take advantage of tax breaks for charitable giving. Clearly, most donations are motivated by a lot more than tax savings. But there’s no reason not to maximize your tax
Politicians love to make claims about tax policy. This tax cut will create jobs! That one forced the school district to fire teachers! But too often such claims are not supported with evidence. So the State and Local Finance Initiative made an interactive tool that gives you—whether you’re a policymaker, journalist, researcher, or voter—the power
Share to facebook Share to twitter Share to linkedin The brokerage firm is exploring a bold new play. Getty Topline: As it looks to make up lost revenue from slashing commission fees to zero, brokerage firm TD Ameritrade is reportedly testing different ways it can tap into the sports gambling business, Business Insider first reported.
Sharon McCutcheon Do you know how much money you save right now? And more importantly – do you know if it’s enough? Your savings rate is one of the best metrics to use to determine if you’re on the right track to meet your goals. It’s represented by the percentage of your gross income that
Late last month, the NCAA said college athletes could get paid for the commercial use of their likenesses or names, though it appeared to limit the compensation. In response, Sen. Richard Burr (R-NC) announced he’d propose a bill requiring any students who benefit from the change to pay federal income tax on their college scholarships.
Each year, the IRS announces changes to retirement plan contributions for 401(k) plans, individual retirement accounts and more. If you’re in the process of saving for retirement, it is essential to know the current contribution limits and take maximum advantage of them, if possible. The most notable changes for the coming year apply to 401(k)