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When Social Security benefits are taxed

Social Security might be in trouble, but as long as it's around in some form, Uncle Sam will keep collecting taxes related to it. That includes not only the payroll taxes from workers that go toward funding the federal retirement benefits, but also in some cases on the benefits themselves. If you have enough money when you're older to enjoy time the way you want with your grandchildren, you might face taxes on your Social Security benefits. Stop me if you've heard this before. Social S...
Tags: Taxes, Congress, Social Security, Medicare, Social Security Administration, Sam, Internal Revenue Service, Social Security Administration Save


Report: Social Security to Run Out of Funds in 2036

The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet officials in the Trump Administration. “Both Social Security and Medicare face long-term financing shortfalls under currently schedu...
Tags: Featured, Labor, Congress, Finance, Data, Social Security, Treasury, Medicare, Social Security Administration, Cabinet, U.s. Government, United States Congress, SSA, Social Security Administration SSA, Trump Administration, Steven Mnuchin


Trump blasts Twitter as 'very discriminatory,' says the social media company removes his followers (TWTR)

President Trump accused Twitter of political bias in a series of tweets on Tuesday morning. "They don't treat me well as a Republican. Very discriminatory, hard for people to sign on," he tweeted. Trump has accused social media companies of anti-Conservative bias previously — as recently as March of this year. Visit Business Insider's homepage for more stories. President Trump accused Twitter of political bias in a series of tweets on Tuesday morning.  "They don't treat me well as a Republica...
Tags: Google, Twitter, Congress, White House, Trends, Conservative, Donald Trump, Trump, Fox Business News, Facebook Twitter, TWTR, Maria Bartiromo Bartiromo, Trump s @realDonaldTrump Twitter


IRS technology upgrade will require up to $2.7 billion

Multiply this computer trouble by 150 million taxpayers and you'll get an idea of the scope of the IRS' new plan to upgrade its technology systems. The Internal Revenue Service made it relatively unscathed through the 2019 main tax filing season. That's pretty amazing when you consider the agency: had sworn in a new commissioner just a few months earlier, had to tailor the season's opening around the longest-ever federal government shutdown, was still working on implementation of and guida...
Tags: Taxes, Instagram, Congress, Senate, House, Sam, Irs, Internal Revenue Service, Memegenerator, Rettig, Chuck Rettig, IRS Integrated Modernization Business Plan, Capitol Hill Upgrade


Mattel: Buybacks, Barbie and dead babies

I used to be of the view that suggested that buybacks were just another way of distributing to shareholders - a bit like dividends, selectively applied.You could turn a buyback into a dividend by selling your own shares in precisely the proportion that the company bought shares back. Then your percentage ownership was unchanged and you would have (in cash) your share of the monies that the company distributed to its owners. I used to think that. But it isn't quite true. Because companies can im...
Tags: Amazon, Business, Elon Musk, Congress, Tesla, Consumer Product Safety Commission, United States, New York Times, Hasbro, Silicon Valley, John, Bill Ackman, Valeant, Barbie, Mario Kart, Wilsons


Mueller report releases on CD, forces Congress to find PCs with disc drives

The Mueller report was released this week to Congress via CDs and congressional members had to find PCs with working disc drives to access the 400-page document. The redacted report was also released to the public on a website. The post Mueller report releases on CD, forces Congress to find PCs with disc drives appeared first on Digital Trends.
Tags: News, Congress, Trends, Computing, Cds, Mueller, Cd-rom, Mueller report


India's richest man Mukesh Ambani backs candidate from Congress party

India's wealthiest man and its richest banker are backing a politician of Congress, the main opposition party, in general election, a rare public endorsement by two of the country's most influential businessmen.
Tags: Money, Congress, India, businessNews, Mukesh Ambani


Huawei has promised a $600 5G smartphone — half the price of rival phones

Huawei is promising to create a $600 5G smartphone.  This is roughly half the price of its competitors; Samsung's 5G phone is expected to cost around $1,200, for example. Huawei has been blocked by several governments around the world, including the US, Canada, and Australia, over security concerns.  Visit BusinessInsider.com for more stories. Chinese telecoms giant Huawei plans to sell 5G smartphones at half the price of its competitors.  In an interview with the Financial Times published o...
Tags: Apple, Congress, Australia, US, Samsung, Trends, Huawei, Financial Times, US Canada, Watch Google, Zhou, Guo Ping, Peter Zhou


Opportunity Zone rules seek more capital in distressed areas

The Trump administration Wednesday released rules for a tax break designed to encourage economic development in distressed areas throughout the U.S. by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion of investment into the more than 8,700 areas designated as “opportunity zones” in the 2017 f...
Tags: Business, Real Estate, New York, Congress, Housing, Government, White House, Sport, Soccer, Brooklyn, New Jersey, Treasury, Portland Oregon, Donald Trump, South Carolina, Irs


Alexandria Ocasio-Cortez says she left Facebook because 'social media poses a public health risk to everybody' (FB)

Rep. Alexandria Ocasio-Cortez used Facebook to campaign for office, and it was a major success. But, in a recent interview with Yahoo News' Skullduggery podcast, Ocasio-Cortez said she "gave up" on using Facebook personally. Ocasio-Cortez uses other social media still: She has an active Instagram presence, and uses Twitter "on the weekends occasionally." Visit BusinessInsider.com for more stories. Rep. Alexandria Ocasio-Cortez is done with Facebook. "I personally gave up Facebook," she said...
Tags: Facebook, Congress, Trends, House Of Representatives, Yahoo News, Alexandria Ocasio Cortez, Ocasio Cortez, Yahoo News Skullduggery


CFPB Director: Bureau Seeks to ‘Prevent Harm,’ Use Enforcement Cautiously

The primary mission of the Consumer Financial Protection Bureau (CFPB) under its new director, Kathleen L. Kraninger, will be in focusing on preventing harm to consumers by empowering them, educating them, ensuring clear rules by which financial institutions should operate, and ensuring a culture of compliance through supervision. This was the vision laid out by the Director herself in a keynote speech made Wednesday morning at the Bipartisan Policy Center (BPC) in Washington, D.C. Preven...
Tags: Congress, Washington, Finance, Bureau, CFPB, Consumer Financial Protection Bureau CFPB, Kraninger, Kathleen L Kraninger, Bipartisan Policy Center BPC, Bureau Seeks, BPC YouTube


NASA's administrator lavishly praised an influential Evangelical ministry during its $10,000-a-table fundraiser. Some experts say his speech violated the Constitution.

NASA administrator Jim Bridenstine gave a speech in February at a Christian ministry's fundraising dinner, which advertised $10,000-a-table sponsorships. NASA said Bridenstine was approved to attend the event in his official capacity. Bridenstine expressed his support for the ministry and its mission, saying he likes the idea of "institutional" but not "influential" separation of church and state. Some government-ethics experts said Bridenstine's speech ran afoul of the First Amendment of the ...
Tags: Spacex, Congress, Washington, White House, Virginia, US, America, Trends, Nasa, Earth, Washington Dc, House, House Of Representatives, Christian, Donald Trump, Boeing


Ashton Kutcher's nonprofit wants to abolish child sex abuse on the internet with backing from a $280 million TED-sponsored fund

Ashton Kutcher's nonprofit company, Thorn, is one of eight organizations to receive money from the Audacious Project, a TED-backed fund giving away $280 million this year. Thorn's technology helps companies and law enforcement agents defend children from online sexual abuse. The company plans to use the Audacious funding to build out its software, which is already being beta tested by Imgur and Flickr. Visit BusinessInsider.com for more stories. In 2018, the United States saw millions of re...
Tags: Mark Zuckerberg, Hollywood, Congress, Trends, Ted, Mit, United States, Ashton Kutcher, Flickr, Jack Dorsey, Environmental Defense Fund, Department Of Homeland Security, Imgur, Thorn, Kutcher, Center for Policing Equity


Deadly weekend storms disrupt Tax Day 2019

Two tornadoes struck the small East Texas town of Alto on Saturday, April 13. The National Weather Service confirmed on Sunday that the first was an EF-2 tornado and the second was an EF-3. Click image to see video from Disaster Compilations on YouTube. There are some things more important than taxes on April 15, 2019. Too many folks in the southern half of the United States are dealing with the loss of family and friends after a deadly weather system moved across that region over the wee...
Tags: National Weather Service, Taxes, Congress, White House, Alabama, United States, Iowa, Fema, Nebraska, Ira, Irs, East Texas, Federal Emergency Management Agency FEMA, Internal Revenue Service


Another day, another U.S. company forced to divest of Chinese investors

Jeff Farrah Contributor Share on Twitter Jeff Farrah is the general counsel of the National Venture Capital Association. More posts by this contributor US rule changes could mean more startups would need government approval to hire immigrants Foreign investment scrutiny continues to creep into the startup world via a once obscure U.S. government agency that has new tools and a shift in focus that stan...
Tags: Column, Real Estate, Technology, Money, Congress, Entrepreneurship, Finance, China, US, Tech, Economy, Canada, United States, Chile, Venture Capital, Treasury


Another day, another US company forced to divest of Chinese investors

Jeff Farrah Contributor Share on Twitter Jeff Farrah is the general counsel of the National Venture Capital Association. More posts by this contributor US rule changes could mean more startups would need government approval to hire immigrants Foreign investment scrutiny continues to creep into the startup world via a once obscure U.S. government agency that has new tools and a shift in focus that stan...
Tags: Column, Real Estate, Technology, Money, Congress, Entrepreneurship, Finance, China, US, Tech, Economy, Canada, United States, Chile, Venture Capital, Treasury


Congress wants to protect you from biased algorithms, deepfakes, and other bad AI

Only a few legislators really know what they’re talking about, but it’s a start.
Tags: Congress, Innovation


AN UNLIKELY REVOLUTIONARY: How Tristan Harris went from working at Apple and Google to consulting with heads of state about how to reform Silicon Valley (FB, GOOGL)

In recent years, Tristan Harris has become one of the most prominent critics of the tech industry. Harris got his start with a presentation he made while at Google highlighting the techniques it and other tech companies used to manipulate customers and dominate their attention. In recent years, he's been consulting with policy makers worldwide as they've investigated the tech industry's influence on society and started exploring ways to counter it. Harris spoke with Business Insider about his ...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Congress, US, Trends, Bbc, New York Times, Nintendo, Silicon Valley, Zuckerberg, Santa Cruz, HARRIS, Facebook Apple, Adam Schiff


Congress measures conflict over drilling near sacred sites

SANTA FE, N.M. (AP) — Advocates for greater restrictions on oil and natural gas drilling near untrammeled Native American cultural sites in the Southwest are urging Congress to establish better safeguards. A research trip by a U.S. House Subcommittee on Energy and Mineral Resources culminates Monday in a public hearing at the New Mexico Capitol. […]
Tags: Business, Technology, News, Congress, Nation, Southwest, New Mexico Capitol, U S House Subcommittee on Energy


To purge some of social media’s ugliness, an unlikely lesson from Wall Street

Exactly a year ago, Facebook’s chief executive, Mark Zuckerberg, testified before Congress and apologized for his company’s role in enabling “fake news, foreign interference in elections and hate speech.” It was a memorable moment amid a broader reckoning that continues to inspire debate over how closely Facebook and other technology giants should be regulated. As […]
Tags: Facebook, Mark Zuckerberg, Business, News, Congress


White House: Congress not smart enough to assess Trump taxes

WASHINGTON (AP) — A White House spokeswoman says lawmakers aren’t “smart enough” to assess President Donald Trump’s tax returns. Press secretary Sarah Sanders tells “Fox News Sunday” she doesn’t think House Democrats are equipped to examine the documents, which a key House committee is demanding under a 1920s law. The panel has given the IRS […]
Tags: Business, News, Congress, Washington, White House, Ap, Nation, House, Fox News, Press, Donald Trump, Irs, Trump, Sarah Sanders


"Income taxation in the United States began in public view. When Congress imposed the first income tax in 1861, during the Civil War..."

"... it required the disclosure of names, incomes and tax payments. Over the following decade, before Congress ended the tax, this data was posted in public and printed in newspapers. That practice was briefly revived in 1924. It’s time for another revival. The question is whether Americans are willing to endure a little sunlight in the interest of fairness and equality."Writes Binyamin Appelbaum, a member of the NYT editorial board, in "Everyone’s Income Taxes Should Be Public/Disclosure of tax...
Tags: Taxes, Privacy, Law, Congress, United States, Times, Appelbaum, Ann Althouse, Binyamin Appelbaum


Healthcare ETFs Deteriorate on Congress’ Threats to Drug Prices

This article was originally published on ETFTrends.com.
Tags: Congress, Finance, Article, FBN, Fbn/markets, Fox-business/markets, ETF Trends, E7b5e7f8-990d-5a3e-94d8-5fbba64a3d3f


Labor reform passes Mexican congress, draws Ivanka praise

MEXICO CITY (AP) — Mexico’s lower house of Congress has approved a labor law reform aimed at ensuring workers can freely vote for their union representation and contracts. The changes are needed to win approval of the new U.S.-Mexico-Canada trade agreement, which was negotiated to replace the old NAFTA accord. Mexico’s labor movement has long […]
Tags: Business, News, Congress, Mexico, Ap, Nation, Mexico City, Nafta, Ivanka, U S Mexico Canada


Nancy Pelosi warns tech companies that Section 230 is ‘in jeopardy’

In a new interview with Recode, House Speaker Nancy Pelosi made some notable comments on what by all accounts is the most important law underpinning the modern internet as we know it. Section 230 of the 1996 Communications Decency Act is as short as it is potent — and it’s worth getting familiar with. It states “No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider.” When asked about...
Tags: Google, Startups, TC, Facebook, Twitter, Congress, Youtube, Government, Nancy Pelosi, Twitter Facebook, Pelosi, Facebook YouTube, Devin Nunes, Section 230, Section 230 of the Communications Decency Act, Recode House


U.S. Democrats seek up to $2 trillion to invest in ageing infrastructure

Democratic leaders in Congress said they will seek President Donald Trump's support in coming weeks for legislation to invest up to $2 trillion to rebuild U.S. infrastructure, including roads, bridges and schools.
Tags: Money, Congress, businessNews, Donald Trump, U S Democrats


YouTube is reportedly planning new ways to measure the 'quality' of videos as it works to stem the flow of misinformation and conspiracy theories (GOOG)

Bloomberg reports that YouTube introduced two new growth metrics to reward “quality” content over the past two years. Bloomberg reports one metric will track the total time a user spends on the platform including reading and posting comments, in addition to watching videos. The other is said to focus on “quality watch time." However, Bloomberg reports that YouTube is still figuring out how to put these new measurements in place. YouTube has come under fire for its inability to control the flo...
Tags: Congress, Youtube, Trends, Bloomberg, Bloomberg YouTube, Business Insider YouTube


Microsoft accused of being 'complicit' in persecution of 1 million Muslims after helping China develop sinister AI capabilities

Microsoft researchers produced three research papers on AI and facial analysis with a Chinese military-run university last year, the Financial Times reported on Wednesday. US politicians have slammed the partnership with Sen. Marco Rubio describing it as "deeply disturbing" and "an act that makes them complicit" in China's human rights abuses Critics say China can easily use the research to monitor and suppress citizens' rights. Beijing has long touted its facial recognition technology around ...
Tags: Florida, Texas, Microsoft, Congress, China, US, Trends, Beijing, Xi Jinping, Muslim, Xinjiang, Donald Trump, Financial Times, Business Insider, Communist Party, Rubio


4,500 Amazon employees just tore into Jeff Bezos' lack of leadership on climate change

More than 4,520 Amazon employees signed an open letter to Jeff Bezos demanding the company get serious about climate change. The letter comes days after a Gizmodo report revealed how aggressively Amazon is courting oil and gas companies. The signatories made a series of demands, ranging from an emissions-cutting timeline, to a demand for fair treatment of employees during extreme weather events. Visit BusinessInsider.com for more stories. More than 4,500 Amazon employees published an open let...
Tags: Amazon, Elon Musk, Congress, Trends, Aws, Greenpeace, Jeff Bezos, Gizmodo, Greenpeace USA, Elizabeth Jardim


Deductions for all! 22 tax write-offs without itemizing

Thanks to much larger standard deduction amounts under the Tax Cuts and Jobs Act (TCJA), fewer filers are itemizing deductions. But that doesn't mean they aren't still writing off some tax-deductible expenses. During this first filing season after the many changes wrought by the latest tax reform law, taxpayers are still claiming what used to be called above-the-line deductions. Technically, they are and always have been adjustments to income. They got the above-the-line moniker because they pr...
Tags: Business, Taxes, Education, Congress, Retirement, Tax, Military, Social Security, Ira, Sam, Agi, Irs, Armed Forces, Keogh, Tax Deductions, Don



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