Articles
What Is the FICA Tax?
Learn the rates to see how the FICA tax applies to your income. Read More.
Infrastructure Bill’s Cryptocurrency Measures Risk Pushing Criminals Further Underground
National-security officials agree on need for regulation but worry about casting too wide a net Read More.
Housing market Black Swan bubbling
Economist says 'best cure for high prices is high prices' Read More.
Biden Administration To Cancel Student Loan Interest Retroactively For 47,000 Military Service Members
The Biden administration announced on Friday that it will retroactively waive student loan interest for thousands of current and former active-duty military service members. Read More.
America Looks More Like Europe All the Time
The U.S. adopts, and in some ways exceeds, the high taxes and spending that have hurt the Continent. Read More.
IRS adds address change capability to Child Tax Credit portal
The Internal Revenue Service added a new feature Friday to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments. Read More.
The Grassroots Corner August 23, 2021
🇺🇸 The Grassroots Corner - Week Beginning 8/23/21: “John Graver on The FAIRtax Rate” Read More.
House Budget Chair Lays Out Next Steps for Tax, Spending Bill
House Budget Committee Chairman John Yarmuth, D-K.Y., said Wednesday that the House will take the lead in moving the budget reconciliation bill forward and released a report on how the various committees plan to get to a budget recommendation by Sept. 15.
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Elon Musk introduces humanoid robot prototype at Tesla AI Day
Musk says the Tesla Bot would carry out work people don't want to do Read More.
The reflation trade is fading. Here’s what to avoid, and where to seek refuge, in commodities.
Slumbering markets seemed to have woken up this week, and not in a particularly good mood. Read More.
D1 Brands Raises $123 Million In Latest Funding For Amazon Aggregators
New York City-based Amazon aggregator D1 Brands raised $123 million in Series A funding, the company announced Wednesday. The investment, which comes less than a year after the company was founded, is the latest in the increasingly crowded field of startups looking to capitalize on the success of third-party sellers in online marketplaces. Read More.
The Chairman’s Report August 20, 2021
Ronald Reagan’s famous quote is quite applicable to a proposal being floated around D.C. as the way to “fix” one of the most irritating problems with the income/payroll tax system—having to file annual income tax returns. Read More.
Massachusetts has yet to re-implement a charitable tax deduction, which passed through a ballot question in 2000. What's at stake?
A state tax break for charitable giving, approved through a 2000 ballot question, was available for one year, in 2001, and has been on pause ever since. Read More.
Amazon Reportedly Outsold Walmart Last Year For The First Time
Amazon’s sales and those of third-party sellers on its platform eclipsed Walmart’s over the year ending in June, according to the New York Times, making the e-commerce giant the world’s largest retailer outside China for the first time. Read More.
Labor Day has been a turning point in markets the last three years. Here’s what one strategist sees happening next.
Summertime markets can be a bit dysfunctional. Last week, for example, the top two sectors were the classically defensive utilities, and the highly cyclical materials. The total market volume on the New York Stock Exchange and the Nasdaq on Tuesday was 59% below the peak of the year, and 19% below the year’s average. Read More.
