Category: tax rate

How Bonuses Are Taxed and Why

July 12, 2023
bonusBrightpaycheckpersonal financetaxtax rateWealth Management
0 Comment

A bonus is a type of payment on top of your regular wages. And you probably wait all year to receive yours. But they’re still income and subject to taxes. You’ll note this when you see that your bonus is much smaller than you thought. There are two ways to tax your bonus. So, what…

Read More

Canada Drops to 12th Place in Global Innovation Ranking: Report

February 9, 2023
Canadacanada vs uscorporate-taxincome taxinnovationscience and innovationtax rateWorld
0 Comment

A new report suggests Canada’s tax rates are “uncompetitive” and are impairing innovation when compared to other similar countries, including the United States. The report, Taxes, Innovation, and Productivity Growth, released by the Fraser Institute on Feb. 7, found that innovation in Canada, which it called “a key driver of higher living standards,” has declined…

Read More

Rebate Checks Wrong Way to Help California Taxpayers

October 12, 2022
CaliforniaLocal NewsNorthern CaliforniaOpinionRegional-Local NewsSouthern Californiatax ratetaxesUSViewpoints
0 Comment

Commentary Like most Californians, any day now my bank account will be augmented by the tax relief the Legislature passed earlier this year. Gov. Gavin Newsom’s office enthused on Oct. 6, “Starting tomorrow, $9.5 billion in Middle Class Tax Refund payments will begin going out to Californians, with refunds of up to $1,050 that will…

Read More

How Do the Very Rich Pay Less In Taxes?

August 5, 2022
Brightincome taxpersonal financetaxtax rateWealth Management
0 Comment

Have you ever wondered how the rich can earn so much money and pay so little in taxes?  It may seem unfair. Warren Buffett, for instance, has openly said that he pays a lower tax rate than his secretary.  The rich have quietly kept the secret to themselves. The secret is out now, and here…

Read More

Democrats Unveil Corporate Profits Minimum Tax Requiring Wealthiest Companies to Pay 15 Percent Rate

October 27, 2021
AmazonBuild Back Better ActCOVID-19 pandemicdemocratic senatorsDemocratsPoliticstax rateUS
0 Comment

Three Democratic senators on Tuesday unveiled proposed legislation that would require roughly 200 U.S. companies to pay a minimum 15 percent tax rate The proposal, called “The Corporate Profits Minimum Tax” is sponsored by senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), and Senate Finance Committee Chair Ron Wyden (D-Ore.) and co-sponsored by senators Michael Bennet (D-Colo.), Edward…

Read More