To fund his $2 trillion infrastructure plan, President Joe Biden has proposed to raise the corporate tax to 28%. According to the New York Times, corporations will be required to pay fifteen years of taxes at the 28% rate. This is an increase from President Trump’s previous tax cuts, which decreased the corporate tax from 35% to 21%. Not all companies will be taxed the same amount, however.
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Coach is back and ready to dominate the handbag industry. The famous leather handbag brand fell out of style as the trends of the early 2000s began to die, but now that there is a revival of Y2K fashion, Coach has completely rebranded itself to fit into the wants and needs of 2021 fashion.
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The Texas Rangers are scheduled to take bold action for their home opener Monday that has some medical specialists and President Joe Biden concerned and questioning the rationality of the decision.
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Following quite a while of insistence from President Joe Biden that he won’t seek after the wide-scale cancelation of the student loans, the White House authorities are presently considering ways the president could utilize his power as president to cancel some of the student debt.
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Last Tuesday, Tesla CEO Elon Musk announced that it is now possible to purchase Tesla vehicles with Bitcoin in the U.S. The self-proclaimed “Technoking” revealed this news through Twitter and tweeted, “You can now buy a Tesla with Bitcoin.” The payment procedures have also been updated on the support page on Tesla’s website with further information on the transaction.
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On Thursday, March 18th, Google announced that they plan to spend $7 billion on new offices and data centers across the country, creating 10,000 new jobs in the process, according to Fox Business. $250 million will be invested in New York City alone and an additional $1 billion in Google’s home state of California.
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Despite usually opening the tax season in late January, the Internal Revenue Service (IRS) delayed the start of the 2020 tax season to February 12, announcing that they would start accepting and processing tax returns then. The deadline for individuals to file their taxes remained on April 15 until a recent announcement from the IRS that the agency is postponing the filing deadline, giving taxpayers an additional month to file their returns. As of now, income tax and payments will be due on May 17. While this new change applies to individual taxpayers and families, including people paying self-employment tax, this relief does have an exception—it will not apply to the estimated tax payments that many small business owners owe for the first quarter of 2021.
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In recent weeks there has been an abundance of complaints of the skyrocketing gas prices. Some have pinned this on the recent shift in governmental power with the new United States president, Joe Biden. Others have blamed it on the economic trends that have accompanied the pandemic, but who is to “blame?”
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As the pandemic continues to take a toll on the retail industry, Gap Inc. CEO Sonia Syngal predicts a revival of the clothing sector in 2021. Syngal told the Wall Street Journal that “We do think there’s going to be this peacocking effect that happens, as people emerge from COVID.”
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Twenty years ago, the word “Google” was one of the Seussian variety—that is, a word that sounds like it belongs in a children’s book instead of one plastered along the walls of a Fortune 500 Silicon Valley-based company. However, it is no secret that Google has emerged as a tech titan in a world full of cutting-edge competitors that stop at nothing to outmaneuver one another at every turn, whether it is parent company’s Alphabet Inc.’s firm entrenchment in the top 15 of the Fortune 500 since its creation in 2015 or the company’s arrival to the trillion-dollar company club in 2020, there is little debate that Google has ruled the tech industry with an iron fist.
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