Author: troyashbacher

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States’ corporate income taxA corporate income tax (CIT) is levied by federal and state governments on business profits. Many companies are not subject to the CIT because they are taxed as pass-through businesses, with income reportable under the individual income tax. bases expanded dramatically with the enactment of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Cuts and Jobs Act (TCJA) in 2017, and that remains the case after the implementation of the new and restored business…

Economists say job growth has been tepid at best since September, and the unemployment rate could have risen.

Dave:The US is on the brink of a recession, or at least that’s what one major bank is saying. According to another one, though the risk is mild and it’s actually going down. So which one is it? Is the economy really faltering and at risk of serious declines or is growth going to continue and does any of this even actually matter to real estate investors? Today we’re going to dive into this and discuss why the traditional ways of measuring recessions is failing to provide ordinary Americans and the real estate investing community with the information it needs,…

Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015.Jim Spellman | WireImage | Getty ImagesMichael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s largest technology companies of using aggressive accounting to pad their profits from the artificial intelligence boom.In a post on X Monday, the Scion Asset Management founder alleged that “hyperscalers” — the major cloud and AI infrastructure providers — are understating depreciation expenses by estimating that chips will…

Stock futures are lower this morning following a big tech-fueled rally on Monday amid hopes that the federal government shutdown is set to end soon; the Senate late Monday passed legislation to fund the government through January, sending the measure to the House of Representatives; CoreWeave (CRWV) shares are plunging after its full-year revenue projections came up short of analysts’ expectations; and Advanced Micro Devices (AMD) is expected to provide important AI updates at its financial analyst day event. Here’s what you need to know today. 1. S&P 500, Nasdaq Futures Slip After Monday’s Rally Stock futures are down slightly…

Key Takeaways The immigrant workforce is still growing faster than native-born population, despite a crackdown on the border and mass deportations, according to private-sector data.The decline of immigrant workers in official statistics may reflect the population’s fear of answering government surveys.Revelio Labs analyzed profiles of workers on Linkedin and other job sites, determining whether people were immigrants based on where their first job was, where they went to school, and what languages they spoke. Immigration may be down, but it’s still powering the growth of the U.S. workforce, according to data from the private sector.Despite President Donald Trump’s crackdown on…

Today’s story will be of special interest to people who have some of the most difficult and often highly frustrating jobs — restaurant servers.When a customer orders “fish and chips,” what should be on the plate?The answer for most people: enticing pieces of battered fish filets and French fries, right? From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Profit and prosper with…

I recently received a shock when I went to the dentist for my six-month checkup. Not because I had a mouthful of cavities or needed another root canal. (I floss!) The unpleasant surprise occurred when it came time to pay the bill. This was my first appointment since I retired and lost my employer-provided health insurance, and I was on the hook for the entire cost.As I mentioned in an earlier column, I opted for original Medicare and a Medigap plan when I retired. I made this decision because with a Medicare Advantage plan, I would have been limited to…

TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. avoidance is a natural consequence of tax policy. For about as long as there have been excise taxes on cigarettes, illicit market operators have been smuggling the easily transportable products. The cumulative impact of annual smuggling since 2007, the first year for which we have historical data, demonstrates the severity of the issue. Over this 17-year period from 2007 to 2023, the total loss from net cigarette smuggling exceeded $83.8…