This study was published in collaboration with the Badger Institute of Wisconsin. The Badger Institute is a nonpartisan, not-for-profit institute established in 1987 working to engage and energize Wisconsinites on key public policy issues critical to the state’s future, growth, and prosperity. Key Findings: On June 21, 2018, the U.S. Supreme Court handed down a
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CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker
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With individual tax rates down, a new boogeyman is haunting investors: inflation worries. Those were the findings from the American Institute of CPAs’ Personal Financial Satisfaction Index, which measures investors’ “financial pleasure” or “financial pain” based on a range of economic factors, including personal taxes, inflation, job openings and real home equity. Overall, the Personal
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The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell, have already raised interest rates twice this year and pointed to two more increases before the end of 2018. Yet just
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Capital stock taxes, sometimes referred to as franchise taxes, are levied in sixteen states. Not to be confused with corporate income taxes, which are levied on a business’s net income (or profit), capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, businesses must pay a capital stock tax regardless
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Labor pressure and unpredictably high medical and legal expenses weighed heavily on Cheesecake Factory’s second-quarter earnings, prompting the company to cut its forecast and sparking a selloff of its shares Wednesday. The casual dining chain’s stock shed more than 13 percent in trading Wednesday. Since January, the stock has gained just over 1 percent. Cheesecake
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The slaughter of consumer internet stocks Facebook, Twitter and Netflix has led investors to run scared of technology stocks in software and semiconductors that have actually done well. But this may cost them. On Monday investors pulled $1.3 billion out of the Invesco QQQ Trust, a broadly focused technology fund that follows the Nasdaq 100
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Shutterstock Are state-run autoenrollment IRA programs a solution, however partial, to Americans’ unpreparedness for retirement?  For the uninitiated, these are programs — already in effect in Oregon as OregonSaves, and with implementation underway in California, Connecticut, Illinois, and Maryland — in which employers who do not offer their own 401(k) or similar retirement savings program
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