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It has become the two-word rallying cry at Sen. Elizabeth Warren presidential campaign events: “Two cents! Two cents!” Warren’s wealth tax, which taxes wealth over $50 million at 2%, has quickly become the energizing force of her campaign and helped propel her rise in the polls. Her surge not only speaks to the popularity of
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These tactics can can add up to millions in tax savings over a lifetime. To help entrepreneurs maximize tax savings and build long-term wealth, every school should be teaching their students these seven tax tips in financial education classes. As millions go back-to-school, the majority never learn this information in home economics and business courses. And
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Sen. Bernie Sanders Monday proposed an “inequality tax” that would hit McDonald’s, J.P. Morgan and Walmart especially hard, according to the Sanders campaign. The presidential candidate announced Monday a proposed tax on companies with a large gap between the CEO’s pay and the median salary of its workers. “It is time to send a message
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It’s cram time for entrepreneurs and other taxpayers with complicated income tax returns. That’s because the Oct. 15 deadline for taxpayers who filed for an extension with the IRS is right around the corner. Though these same taxpayers were able to get more time to work on their 2018 tax returns, they still needed to
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States with a Taxpayer Burden are shown in red; states with a Taxpayer Surplus are shown in black. Truth in Accounting, Financial State of the States Forty U.S. states do not have enough money to pay all their bills primarily due to significant unfunded pensions or Other-Post-Employment Benefits (OPEB). Truth in Accounting (TIA), a nonpartisan, not-for-profit
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