When most people think about “business taxes,” the corporate income tax is usually the first that comes to mind. Corporate income taxes generate sizable tax burdens for businesses—especially at the federal level—but at the state level, the corporate income tax is just one of many taxes businesses pay. For many companies, state corporate tax burdens
San Antonio Spurs assistant coach Becky Hammon, left, talks to Spurs head coach Gregg Popovich, right, on the court during a timeout in the second half of an NBA basketball game against the Los Angeles Lakers in San Antonio. Darren Abate | AP Becky Hammon moved the needle, but the National Basketball Association assistant coach
As Americans recover from the widespread economic impact of the Covid-19 pandemic, some are already looking ahead and putting “financial defenses” in place to head off the next period of uncertainty. More than half, 58%, of Americans say they’re in “financial recovery mode,” according to Northwestern Mutual’s recent 2021 Planning & Progress Study. The annual survey,
Weddings, including those with larger budgets, are on the comeback after the pandemic forced widespread nuptial delays, Timothy Chi, CEO of wedding-planning website company The Knot Worldwide, told CNBC on Friday. “In the U.S., there’s about 2 million weddings that happen on average annually. We saw about 50% of those happen, so that just means
An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images When Wall Street analysts take a more bullish stance on a particular stock, it could mean that the name is undervalued and has room to run. The stocks
Men relax on the sidewalk this rural Delta community on April 27, 2021 in Greenville, Mississippi. Spencer Platt | Getty Images Mississippi state health officials issued new guidance on Friday that calls for state residents over the age of 65 and immunocompromised residents, vaccinated or unvaccinated, to avoid any indoor mass gatherings for the next
In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall
jittawit.21 | iStock | Getty Images With the pandemic proving hard to leave behind and the global economy still suffering, the stock market is having a bad week. The Dow Jones Industrial Average dropped about 350 points, or 1.1%, in early Thursday trading, and the S&P 500 fell 1.3%. But while it can be painful
President Biden’s tax proposals released as part of his fiscal year 2022 budget would collect about $2 trillion in new tax revenue from businesses over 10 years. This new revenue would bring income tax collections on businesses as a portion of GDP to its highest level on a sustained basis in over 40 years. Income
In this article MCD Employees work the counter at a McDonald’s restaurant located inside the company’s new corporate headquarters on June 4, 2018 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images For Tom Locke, his tipping point on staff wages came back in March, during a conversation with a tired store
China’s Ministry of Commerce Spokesman Gao Feng addressed reporters at a regular press conference on April 29, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s Ministry of Commerce plans to scrutinize foreign investment more closely on the basis of national security. The ministry’s priorities for the next five
Jamaican sprinter Usain Bolt is still known as the fastest man alive and one of the richest athletes. In 2018, Bolt was ranked at No. 45 on Forbes Magazine’s list of the 100 richest athletes in the world. He earned $31 million in 2017, when he officially retired. But Bolt, 34, admits he wasn’t always
Lindsey Gamard, 38, quit her job at a technology company during the pandemic. Courtesy: Lindsey Garnard Lindsey Gamard, 38, knew she wanted to quit her job when she saw many of her co-workers leaving. “It was like a sinking ship,” said Gamard, a data analyst who lives in San Tan Valley, Arizona. It didn’t help
Table of Contents Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547
A member of Miami-Dade Fire Rescue hugs a victim’s relative at the “Surfside Wall of Hope & Memorial” near the site where a building collapsed in Surfside, Florida, north of Miami Beach on July 7, 2021. Chandan Khanna | AFP | Getty Images The number of confirmed deaths in the collapsed condominium building in Surfside,
There’s no need for Covid booster doses right now, the dean of Brown University’s School of Public Health said Friday, as highly transmissible, new variants test the protections of the available vaccines. “Let me tell you where we are: the data is very clear, if you’ve gotten your two shots of Moderna or Pfizer or
Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits for
LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve “interoperability” between their digital currency projects. This can be achieved through a number of ways, the report
In this article DBX Dropbox CEO Drew Houston and Dropbox co-founder Arash Ferdowsi (C) celebrate the launch of Dropbox’s initial public offering as they ring the opening bell at Nasdaq MarketSite, March 23, 2018 in New York City. Getty Images Company: Dropbox Inc. (DBX) Business: Dropbox is a single organized platform where users can create
Ines Fraile | iStock | Getty Images The Pennsylvania Higher Education Assistance Agency — which oversees loans of 8.5 million student borrowers — announced it would not renew its contract with the federal government when it ends later this year. Consumer advocates applauded the news because PHEAA, a quasi-governmental student aid organization created in 1963 by