The Tax Cuts and Jobs Act of 2017 has been hailed as a savior for middle-class Americans, promising relief through various cuts and deductions. However, a closer look reveals that the reality may not be as promising as initially thought. While the provision that reduced corporate tax rates to 21% is permanent, many other tax
State tax collectors are ramping up their efforts to audit high earners, even as the IRS focuses on cracking down on the wealthy. In New York, for example, the Department of Taxation and Finance reported a significant increase in audits in 2022 compared to the previous year. But what’s surprising is that this increase is
The year 2023 witnessed a remarkable resurgence in international travel which significantly impacted airport rankings on a global scale. According to Airports Council International’s latest report, airports across the world experienced a surge in passenger traffic, showcasing the recovery of the aviation industry post-pandemic. One of the standout performers was Dubai International Airport, which climbed
British stock trading app Freetrade has recently achieved a significant milestone by reaching breakeven earlier this year, a major achievement after facing losses in the previous year. The company reported improved financial figures in the first quarter of 2024, showcasing a positive trend towards profitability. Freetrade disclosed that it achieved adjusted earnings before interest, tax,
As Goldman Sachs prepares to report its first-quarter earnings, analysts are predicting earnings of $8.56 per share and revenue of $12.92 billion. These figures, according to LSEG, are expected to shed light on the financial health of the investment bank amidst a challenging economic environment. The trading revenue components are also closely watched, with fixed
President Joe Biden recently unveiled his latest plan for student loan forgiveness after facing setbacks with his initial attempt. This new plan comes less than a year after the Supreme Court rejected his previous proposal, leaving many borrowers in limbo. Unlike his earlier widespread student debt relief initiative, Biden’s revised plan targets specific groups of
Investors looking for long-term growth prospects may want to consider e-commerce and cloud computing giant, Amazon (AMZN). Despite a hotter-than-expected consumer inflation reading, several top Wall Street analysts remain bullish on the stock. Mizuho analyst James Lee, ranked No. 428 among more than 8,700 analysts, reiterated a buy rating on AMZN stock with a price
Larry Swedroe, a respected figure in the investment industry, has raised questions about the effectiveness of Warren Buffett’s investment style in today’s market environment. Swedroe argues that the influx of professional Wall Street firms and hedge funds has changed the landscape of investing, making Buffett’s traditional approach less viable. While Warren Buffett has long been
Hawaii, known for its beautiful tropical landscapes, has been making significant progress in electric vehicle (EV) adoption. According to J.D. Power, Hawaii ranks fifth in overall EV adoption, with 11.9% of new retail vehicles sold through February being electric. What sets Hawaii apart from other states is its impressive “EV Adoption Score” of 33.8, coming
In today’s digital age, it is effortless to come across social media posts that showcase extreme examples of domesticity. From the #tradwives and #SAHGs on Instagram glamorizing stay-at-home life to the wives in Dubai flaunting their luxury purchases, there is a recurring theme of one partner giving permission to the other. The notion of financial
