wages

UAW wins big in historic union vote at Volkswagen Tennessee factory

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UAW wins big in historic union vote at Volkswagen Tennessee factory

Workers at Volkswagen’s Tennessee plant have voted to join the United Auto Workers, with a 73% majority in favor of the union. This victory marks the first auto plant in the South to unionize via election since the 1940s. The UAW President’s campaign to unionize plants owned by various automakers across the U.S. is gaining momentum. The next facility to hold a UAW election will be a Mercedes plant in Alabama. The UAW has seen a surge in public support for unions and successful contract negotiations with major automakers. President Biden praised the union victories and the impact on raising wages.

ECB , ‘crystal clear’ on June rate cut, de Guindos says

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ECB , ‘crystal clear’ on June rate cut, de Guindos says

The European Central Bank has indicated that interest rates could be cut in June, but decisions beyond that are still uncertain.

The year 2025 is the ‘Super Bowl of tax,’ says Rep. Blake Moore. Will your taxes go up?

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The year 2025 is the 'Super Bowl of tax,' says Rep. Blake Moore. Will your taxes go up?

In 2020, Rep. Blake Moore visited Nucor, a steel and recycling manufacturing plant in northern Utah, where he learned about the positive impact of the Trump-era Tax Cuts and Jobs Act of 2017 on the business. The tax cuts led to real wage growth and reinvestment in the community, such as Nucor buying ambulances for the local community. Moore believes that low corporate taxes benefit everyone and is pushing to increase deductions for small businesses. He anticipates that significant changes in tax policy may occur in 2025, depending on the outcome of elections and government control.

The Bidens Dodge Medicare And Social Security Taxes — Again

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The Bidens Dodge Medicare And Social Security Taxes — Again

President Biden and his wife Jill released their income tax returns on Tax Day, revealing that they avoided over 3,000 in payroll taxes since 2017 by characterizing their earnings as corporate profits rather than wages. They also claimed ,254 in Social Security benefits in 2023, despite not needing the income due to their wealth. Additionally, the Bidens had to pay 5 in penalties to the IRS for underpaying their taxes due to the complexity of the tax code.

Trump’s Unfounded ‘Colossal’ Tax Hike Warning – FactCheck.org

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Trump's Unfounded 'Colossal' Tax Hike Warning - FactCheck.org

Former President Donald Trump went on Truth Social on tax filing deadline day to warn that if President Joe Biden is reelected, there will be colossal tax hikes. However, Biden’s latest budget proposal supports extending tax cuts for individuals making less than 0,000.

How Burdensome Are Your State’s Nonresident Income Tax Filing Laws?

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How Burdensome Are Your State’s Nonresident Income Tax Filing Laws?

Fact: Nearly half the states in the US require individuals to file nonresident individual income tax returns if they work for even a single day within that state.

Greek economy surges after decade of pain

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Greek economy surges after decade of pain

Fact: The Greek economy is forecast to grow nearly 3 per cent this year, approaching its pre-crisis size of 2009 and far outpacing the eurozone average of 0.8 per cent.

Why raising capital gains taxes makes sense—yes, really – The Hub

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Why raising capital gains taxes makes sense—yes, really - The Hub

The federal government’s latest budget included significant new spending, with an increase of over billion over five years compared to previous plans. The budget also included a change in capital gains taxes, with two-thirds of gains over 0,000 now counting towards taxes. This change is expected to raise billion over five years and improve the efficiency and equity of Canada’s tax system. The increase in the inclusion rate for capital gains is seen as a move that aligns the tax system with other types of payments and makes it more efficient and equitable.

Chapter 8: Tax Fairness for Every Generation

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Chapter 8: Tax Fairness for Every Generation

Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation, investments in Canada’s strong social safety net, and an effective, … Read more

Our Tax History Holds the Key to a Fairer System

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Our Tax History Holds the Key to a Fairer System

– Tax Day 2024 sees highest-income individuals, most profitable corporations, richest families, and wealthiest investors paying lower tax rates compared to last century.
– Individuals with incomes over million paid an average tax rate between 40-60 percent in the years after World War II, but now the rate is around 26 percent.
– The average corporate tax rate in 2021 was less than 10 percent, compared to about 35 percent in the 1950s, ‘60s, and ‘70s.
– The estate tax has become ineffective at curbing family economic dynasties, allowing families to pass down large sums tax-free.