-
Trump Goes On The Defense About 'Massive Effect' Of Tariffs, Economic Growth, Putin Relationship: DJT Shares Fall
Tuesday, October 15, 2024 - 4:09pm | 1168Former President Donald Trump shared his thoughts on tariffs, a potential breakup of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), taxes, the Federal Reserve and more during an interview Tuesday at the Economic Club of Chicago, covering several topics that could be key to winning the 2024 presidential...
-
What If, In 2051, Taxes And Wages Are Paid In Bitcoin And Inflation Is At Zero? This Trader Shares His Vision
Friday, September 6, 2024 - 12:13pm | 600Bitcoin veteran and trader Fred Krueger shared on Friday his vision of a future where Bitcoin (CRYPTO: BTC) reigns supreme as the global currency. What Happened: Krueger took to X.com to share a scenario of the world in 2051. Bitcoin, he hopes, will become the universal currency after transforming...
-
S&P 500 Earnings Could Face Major Swings Under Harris Or Trump Tax Plans, Goldman Sachs Warns
Thursday, September 5, 2024 - 12:37pm | 802Tax proposals outlined by the 2024 U.S. presidential candidates could have a substantial impact on S&P 500 earnings, according to analysis from Goldman Sachs. Goldman strategists including Ben Snider estimate that corporate earnings could move by 5%-10% depending on which tax policies are...
-
Kamala Harris Wants To Raise Corporate Tax Rate To 28%, Erasing Part Of Trump's Signature Tax Cuts
Monday, August 19, 2024 - 5:36pm | 495Vice President Kamala Harris is reportedly calling for an increase to the corporate tax rate that would roll back part of former President Donald Trump's legislation from 2017 that resulted in a significant lowering of corporate taxes. What To Know: According to an NBC News report, Harris campaign...
-
H&R Block Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, $1.5B Buyback, Stock Up 9%
Thursday, August 15, 2024 - 5:12pm | 399H&R Block Inc (NYSE:HRB) reported financial results for its fiscal fourth quarter after the market close on Thursday. Here’s a look at the key metrics in the report. Q4 Revenue: $1.063 billion, versus estimates of $1.028 billion Q4 EPS: $1.89, versus estimates of $1.74 “In...
-
Trump, Harris Caught In Tax Cut One-Upmanship — Meanwhile, US Debt Is 22% Larger Than GDP
Thursday, August 15, 2024 - 2:54pm | 915With less than three months left before the 2024 presidential election, tax policy is one topic that could sway voters in their choice between Democrat Kamala Harris and Republican Donald Trump. After all, the country's economy remains a central concern for the electorate. Each presidential ticket...
-
Tax Preparers Conduct Clean Energy Tax Credit Scams For Financial Gain, Industry Group Says
Tuesday, July 30, 2024 - 3:03pm | 447The Internal Revenue Service has warned taxpayers against “unscrupulous” tax preparers carrying out clean energy tax credit scams. The ruse occurs when tax preparers illegally give taxpayers tax credits to which they are not entitled. “Unscrupulous (or misinformed) tax preparers...
-
Why Cannabis Tax Collection Is Awful: How Cities Are Leveraging Tech To Steer Away From Spreadsheets
Wednesday, July 24, 2024 - 3:16pm | 845Desert Hot Springs, California is outsourcing its cannabis tax management to Monarch Technologies, a leader in cannabis payments and compliance solutions. The company announced the partnership, that aims to improve regulatory compliance and optimize tax revenue collection through Monarch’s...
-
Project 2025 Wants To Radically Change US Tax Policy: Would You Pay More Or Less In Taxes?
Thursday, July 18, 2024 - 11:08am | 733Project 2025 is a contentious set of policy proposals from the conservative think tank, The Heritage Foundation, intended for implementation should a Republican president assume office in 2025. Economists and tax experts argue that the 900-page manifesto’s proposed reforms to the U.S. tax...
-
Intuit Shares In Focus As Analyst Puts New Subscription Model, GenAI, Tax Laws Into Perspective
Wednesday, July 3, 2024 - 11:58am | 284Intuit Inc (NASDAQ:INTU) successfully transitioned to a subscription-based model while also showing additional upside from generative artificial intelligence (AI). The Intuit Analyst: RBC Capital Markets’ Rishi Jaluria initiated coverage of Intuit with an Outperform rating and price target...
-
Bitcoin To Pay Taxes? Gaetz Hypes Up Crypto, Internal Revenue Code Legislation
Tuesday, July 2, 2024 - 11:50am | 491Congressman Matt Gaetz (R-Fla.) introduced a bill that aims to allow Americans to pay their federal income taxes using Bitcoin. This legislation seeks to amend the Internal Revenue Code, signaling a potential shift towards integrating cryptocurrency into mainstream financial systems. The bill...
-
Who Wins, Who Loses? Biden and Trump's Tax Policies Are Very Different
Friday, June 28, 2024 - 4:28pm | 598As the November election approaches, President Joe Biden and former President Donald Trump are offering two very different tax policies for the American people when one of them steps into the Oval Office in late January 2025. If elected, Trump would uphold his 2017 Tax Cuts and Jobs Act, which...
-
Supreme Court Upholds 2017 Tax On Foreign Profits For US Businesses
Thursday, June 20, 2024 - 12:14pm | 466The U.S. Supreme Court has preserved a 2017 tax on American-owned businesses’ foreign profits. The justices voted 7-2 in making their decision, arguing that Congress has the constitutional power to tax people and businesses on their share of undistributed company income, Bloomberg reported....
-
Trump's Plan To Kill Income Taxes Whiffs, Critics Say: 'It's A Sure Way To Hit Low- And Middle-Income Americans'
Friday, June 14, 2024 - 1:12pm | 1064Ex-President Donald Trump — who paid little to no income taxes over a decade — is now suggesting to do away with income taxes entirely. But there’s a catch. What Happened: Trump pitched an “all tariff policy” plan to eliminate the U.S. income tax during a meeting with Republican...
-
No Income Tax, Yes To High Import Tariffs? Trump Floats Idea To CEOs, GOP Lawmakers
Thursday, June 13, 2024 - 2:07pm | 799Former President Donald Trump has changed the Republican Party’s economic policy in recent years, opting for protectionism and tariffs in a historic departure from conservative norms. Trump floated a new policy idea to CEOs and lawmakers in a meeting ahead of the 2024 election. What Happened...