A bonus is a type of payment on top of your regular wages. And you probably wait all year to receive yours. But they’re still income and subject to taxes. You’ll note this when you see that your bonus is much smaller than you thought. There are two ways to tax your bonus. So, what…

A new report suggests Canada’s tax rates are “uncompetitive” and are impairing innovation when compared to other similar countries, including the United States. The report, Taxes, Innovation, and Productivity Growth, released by the Fraser Institute on Feb. 7, found that innovation in Canada, which it called “a key driver of higher living standards,” has declined…

Commentary Like most Californians, any day now my bank account will be augmented by the tax relief the Legislature passed earlier this year. Gov. Gavin Newsom’s office enthused on Oct. 6, “Starting tomorrow, $9.5 billion in Middle Class Tax Refund payments will begin going out to Californians, with refunds of up to $1,050 that will…

Have you ever wondered how the rich can earn so much money and pay so little in taxes?  It may seem unfair. Warren Buffett, for instance, has openly said that he pays a lower tax rate than his secretary.  The rich have quietly kept the secret to themselves. The secret is out now, and here…

Three Democratic senators on Tuesday unveiled proposed legislation that would require roughly 200 U.S. companies to pay a minimum 15 percent tax rate The proposal, called “The Corporate Profits Minimum Tax” is sponsored by senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), and Senate Finance Committee Chair Ron Wyden (D-Ore.) and co-sponsored by senators Michael Bennet (D-Colo.), Edward…