Many blame idle millionaires for the rise in income inequality, but today's top earners are actually the "working rich," according to a new working paper co-authored by Princeton University.
Economics & Business
Jan 31, 2019
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New research shows companies cut funding for research and development in response to a tax imposed on medical devices as part of the Affordable Care Act.
Economics & Business
Jun 05, 2018
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General Electric reported a $9.8 billion fourth-quarter loss Wednesday due to hefty charges linked to its insurance business and US tax reform.
Business
Jan 24, 2018
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Citigroup on Tuesday reported steep fourth-quarter losses driven by a one-time charge from the recent US tax cuts.
Business
Jan 16, 2018
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General Motors announced Tuesday it will take a $7 billion hit due to the US tax reform but expects earnings this year to be comparable to the solid results in 2017.
Business
Jan 16, 2018
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Walmart announced Thursday it will raise the minimum wage for more than a million US workers to $11 an hour and pay bonuses, crediting the US tax reform approved in December for making the changes possible.
Business
Jan 11, 2018
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U.S. Treasury Secretary Jacob Lew on Wednesday criticized a European ruling that Apple owes more than $14.5 billion in back taxes. But he said the decision may spur Congress to finally address the stalled effort to reform ...
Business
Aug 31, 2016
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Eliminating or curtailing the mortgage interest deduction (MID) would initially result in declines in housing prices and investment but would have only modest aggregate macroeconomic effects in the long run, according to ...
Economics & Business
Jan 16, 2013
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A majority of Michigan's local government leaders believe revenue from the personal property tax is important to their budgets, according to a University of Michigan survey.
Economics & Business
Nov 20, 2012
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Already under fire for raising taxes on individuals and businesses, the state Legislature missed a major opportunity to update the Illinois tax structure, says a University of Illinois law professor.
Economics & Business
Jan 19, 2011
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