President Joe Biden has repeatedly stated that he’s going to raise corporate taxes to pay for his progressive programs. Biden’s Build Back Better program includes $1.85 trillion in spending and “up to” $1.995 trillion in revenue, including taxes on large corporations and the wealthy. But who actually pays corporate taxes? Hint: it isn’t the corporations….
Amazon Employees Plan Worldwide Global Black Friday Protests, Release Set of Demands for Company
Amazon employees worldwide will be holding a strike against the company on Black Friday, Nov. 26, one of the busiest shopping days of the year, to demand fair pair for workers, among other things. Make Amazon Pay, a coalition that represents over 200 million workers and activists across the planet, is organizing Friday’s protest and has released a…
25 Tax Deductions You Can Claim as a Freelancers
Just because freelancers have flexibility and independence doesn’t mean that we don’t get stressed out. Even though we have the option to work from home and set our own hours doesn’t mean that we can slack off. We still have deadlines to meet, clients to network with, and make sure that we get paid on…
Former Illinois Mayor Pleads Guilty to Corruption Charges in Red-Light Camera Probe, Resigns From Role
A former Illinois mayor pleaded guilty to federal corruption charges on Wednesday and admitted he improperly sought cash payments from a representative at SafeSpeed, a red-light camera company, the Department of Justice announced. Louis Presta, the former mayor of Crestwood, Illinois, pleaded guilty to one count of using a facility in interstate commerce in aid of bribery and…
Tesla’s Musk Sells $930 Million in Shares to Cover Stock Option Tax: Filings
November 16, 2021
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Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday. Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on Monday. Tesla shares closed at $1,013.39. He is required to pay…
Canadian Governments Have Overshot Spending and Tax Revenue Targets for 20 Years: Report
Over the past 20 years, Canadian federal, provincial, and territorial governments have spent a cumulative $119 billion more than they budgeted for, while taxing Canadians $143 billion more than their budgets intended, a new report shows. Since the 2000-01 fiscal year, these governments have overshot both their expense and revenue targets, according to the report,…
Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise
President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in…
NTD Business Full Broadcast (Nov. 10)
The so-called transitory inflation is heating up. The CPI is at a 30-year high. What does it mean for small businesses? U.S. stock indexes see their first major down day in a month. Is inflation spooking markets or is something else at play? If your business is processing more than $600 of sales through Paypal…
A Global China Export Tax
Commentary China is not like other countries. Its model, under the Chinese Communist Party (CCP), is to expand its power and control both vertically and horizontally—that is, in both territorial space and the control of the individual’s actions within that space. This requires maximizing Beijing’s control relative to other countries, including through negotiations over climate…
IRS Plan to Collect $400 Billion in Unpaid Taxes Relies on ‘More Cops on the Beat’: Treasury
The federal government is aiming to obtain $400 billion in new revenue over the next decade as part of the White House-backed $1.75 trillion social spending plan, according to a top Treasury official. Increased Internal Revenue Service enforcement to collect unpaid taxes makes up the largest source of revenue in the legislation to be considered by…
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