The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes
Owners can take the kinds of deductions on team assets that industrialists take on factory equipment. That helps them pay lower tax rates.
Recent
Several states cutting income taxes to promote post-pandemic economic growth
Nine states have reduced their personal income tax rates.
Biden Tax Increases Show Higher Energy Costs Are A Goal, Not A Glitch
“Replacing fossil fuel subsidies with incentives for clean energy production”
Multinationals tax shift unlikely until 2022, says Yellen
Yellen said that a newly endorsed mechanism to allow countries to tax large multinational companies may not be ready for consideration until 2022.
LeBron James' 2018 federal tax rate was triple that of Los Angeles Clippers' billionaire owner
LeBron James had a vastly higher tax rate than Los Angeles Clippers owner Steve Ballmer.
Debt-Free College; Remote Work Tax Battle
Independence Day is a great time for barbecues and fireworks, but it’s also a good time to reflect on money matters.
130 countries back deal on global minimum tax for companies
Some 130 countries have agreed on a global minimum tax backed by U.S. President Joe Biden.
