The Motley Fool

MARCH 30, 2024

Rising income inequality , with a greater percentage of earned income escaping the payroll tax. are usually younger and will spend decades in the workforce contributing to Social Security via the payroll tax. payroll tax. Raising revenue from taxing the wealthy would help offset the immediate cash crunch the OASI is facing.

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The Motley Fool

APRIL 28, 2024

See, when Social Security was created, benefits were not taxed on the federal level. Then, in 1993, Congress took action again, this time taxing up to 85% of benefits for some retirees. When the 1983 rule was put into place, fewer than 10% of people receiving retirement benefits ended up paying taxes on them.

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The Motley Fool

DECEMBER 15, 2024

More income will be subject to Social Security taxes in 2025 Most U.S. workers spend their careers paying Social Security payroll taxes. Social Security tax, paying 6.2% This means more income of some workers will be subject to Social Security payroll taxes. Below are the past 10 COLAs: Year COLA 2015 1.7% 2016 0% 2017 0.3%

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The Motley Fool

JUNE 29, 2024

Incentives like matching contributions , tax deductions and credits, and tax-free growth can help supercharge your retirement savings. You can't avoid taxes on your retirement savings indefinitely, though. At the same time, you won't have to withdraw more than you need due to RMDs, so you can keep the account growing tax-free.

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The Motley Fool

OCTOBER 28, 2024

The wage base limit doesn't get nearly as much attention as the COLA, but it has tax and potential benefit implications that make it worth paying attention to. workers pay Social Security payroll taxes all through their careers. The current tax is 12.4%, typically split in half between workers and employers at 6.2% 2020 55,628.60

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The Motley Fool

SEPTEMBER 21, 2024

While you get a tax break when you contribute to a tax-deferred retirement account like an IRA or 401(k) , Uncle Sam eventually wants his cut. You must start withdrawing your savings from your account at that age and paying the taxes on those withdrawals. That could result in a significant tax burden for some retirees.

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American Investment Council

MARCH 24, 2025

trillion in 2020. Generates Significant Tax Revenue Private equity contributed $337 billion in federal, state, and local taxes. Approximately two-thirds were federal taxes ($223 billion), with the remainder paid to state and local governments ($114 billion). million workers and added $2.7 trillion to U.S. GDP in 2024.

Private Equity Firms 78

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The Motley Fool

AUGUST 10, 2024

For instance, Social Security benefits will get a cost-of-living increase in 2025, and some workers will pay more taxes into the program. Social Security is mostly funded through a dedicated payroll tax, and common sense says the payroll tax should apply evenly to all income. more in Social Security taxes in 2025.

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The Motley Fool

MARCH 13, 2025

That setback initially stunned PayPal's investors, but its robust growth during the pandemic in 2020 and 2021 -- driven by more online orders and peer-to-peer payments -- cushioned that blow. That's why its revenue surged 245% in 2020 and 89% in 2021. as its preferred payments provider by 2023.

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The Motley Fool

AUGUST 24, 2024

The federal government encourages retirement savings by offering a tax break for anyone who contributes to certain retirement accounts like a 401(k) or IRA. If you save money in a traditional tax-deferred retirement account, you can deduct the amount you put in on your tax return this year.

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The Motley Fool

APRIL 16, 2024

If you're worried about home battery charging and suffer from range anxiety, there are ways to get a good deal on a car in 2024 -- and even qualify for EV tax credits -- without committing to a fully electric vehicle. Used Toyotas of this model will qualify for used EV tax credits of up to $4,000.

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The Motley Fool

DECEMBER 14, 2024

One thing that makes retirement accounts like a 401(k) or IRA extremely attractive is the tax advantages they offer. Instead of paying taxes upfront, you can defer those taxes well into retirement. But you can't defer those taxes forever. Eventually, the government wants its tax revenue.

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The Motley Fool

NOVEMBER 3, 2024

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make them. But you can't defer those income taxes forever. That can give you extra cash now, enabling you to save more for retirement.

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The Motley Fool

OCTOBER 8, 2024

One of the most important is you can defer the taxes on your contributions. Instead of paying taxes on your income during the year in which you earn it, you can wait until you withdraw your savings in retirement to pay taxes, giving you more money to invest upfront. But you can't wait forever to pay your tax bill.

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The Motley Fool

DECEMBER 14, 2024

Social Security changes that could be painful to some For many people, paying taxes is a necessary evil. In 2025, FICA taxes will increase for higher earners as a result of one key Social Security change. To be clear, the FICA tax rate isn't changing. The 2025 COLA will be the lowest increase given since 2020.

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The Motley Fool

APRIL 16, 2024

One report from 2020 found the largest corporate plans provided fewer than 16 investment options within their 401(k) plans. A traditional account offers the same tax breaks as your traditional 401(k). A Roth offers the same tax breaks as Roth 401(k) accounts (which not all employers offer).

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The Motley Fool

DECEMBER 15, 2023

For instance, Social Security benefits will get a cost-of-living increase in 2024, and some workers will pay more taxes into the Social Security program. Social Security is primarily funded through a dedicated payroll tax, and common sense says that tax should apply evenly to all income. Read on to learn more.

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The Motley Fool

SEPTEMBER 2, 2024

Social Security's taxable earnings limit will increase, so some workers will pay more taxes on their income in 2025 The 2024 Social Security Survey from Nationwide Retirement Institute identified a knowledge gap concerning payroll taxes. Social Security's payroll tax rate is 6.2% That misunderstanding is sensible.

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The Motley Fool

SEPTEMBER 9, 2024

billion in 2020 and investing $550 million in Celsius Holdings in 2022. That is a significant improvement from its annual net sales low of $33 billion in 2020, and just 3% off its annual net sales high of $48 billion in 2012. Excluding the tax payment, Coca-Cola's debt has decreased by 15.8% billion over the trailing 12 months.

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The Motley Fool

DECEMBER 28, 2023

The wage base limit is the maximum amount of income subject to Social Security taxes each year, and it's adjusted annually for inflation. tax rate (split equally between the employee and employer or paid solely by the individual if self-employed). This means any earnings above $168,600 won't be subjected to the 12.4%

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The Motley Fool

AUGUST 29, 2024

Amid that optimism, it debuted in late 2020 at $68 per share but rose to $145 per share on the first day. Initiating trading in December 2020 allowed it to not be affected by the most severe of the lockdowns. Nonetheless, if looking at the forward P/E ratio , which does not include such a tax benefit, the multiple rises to 28.

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The Motley Fool

FEBRUARY 18, 2024

million shares in 2020. Effectively, Berkshire doesn't have a good enough alternative idea to justify selling Apple stock and suffering the associated tax consequences. million shares sold in the second half of 2020 that we discussed earlier. Since it is a relatively small amount, my guess is that this may have been tax-related.

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The Motley Fool

AUGUST 9, 2024

CEO Warren Buffett once referred in 2020 to Apple (NASDAQ: AAPL) as Berkshire's third business, following its insurance arm and the BNSF railroad. Buffett was referring to talk in Washington about the capital gains tax rate going up, though there are no specific plans to raise it. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)

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The Motley Fool

JUNE 18, 2023

Joe Biden has proposed a four-point fix to strengthen Social Security Prior to being elected president in November 2020, then-candidate Joe Biden released a four-point plan designed to strengthen America's top retirement program. payroll tax on earned income (wages and salary, but not investment income) above $400,000.

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The Motley Fool

MAY 12, 2024

In a word: taxes. Buffett thinks paying taxes now on the massive capital gain for Berkshire's Apple shares is a smart move. "We I would say with the present fiscal policies, I think that something has to give, and I think that higher taxes are quite likely." Buffett also sold shares of Apple in 2019 and 2020 for tax purposes.

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Securities and Exchange Commission (SEC) Taxes Stakes Shareholders 246

The Motley Fool

APRIL 27, 2024

You can't get electric vehicle tax credits" There's been a lot of media headlines about electric vehicle tax credits of up to $7,500 for the purchase of a new EV. But did you know: some hybrid cars can also qualify for EV tax credits? Here are a few, according to the U.S.

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The Motley Fool

OCTOBER 20, 2024

annually since 2020. As a BDC, Hercules Capital can avoid income taxes by distributing at least 90% of profits to shareholders as a dividend. If we factor in Hercules Capital's supplemental dividend, shareholders have seen their quarterly payments rise by 50% since 2020. The stock offers a 3.4%

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The Motley Fool

AUGUST 5, 2024

That's neither outrageous or unsustainable, to be clear, but given that tax rates on capital gains could soon be bouncing higher following their temporary reduction, now's arguably a better time than later for Berkshire to tweak its portfolio. Here's the thing: Buffett's tax concerns may or may not be your tax concerns.

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The Motley Fool

JULY 2, 2024

Its year-end store count rose from 2,768 in 2020 to 3,437 in 2023, and it plans to open 285 to 315 new locations this year. From 2020 to 2023, Chipotle's revenue grew at a compound annual growth rate (CAGR) of 18% as its EPS increased at a CAGR of 53%. Yet I believe Chipotle's stock is still worth buying for three simple reasons.

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Conglomerates Amortization Depreciation Earnings Before Interest 235

The Motley Fool

SEPTEMBER 25, 2024

The wage cap is rising for 2025 You may not realize it, but not all earnings are taxed for Social Security. There's a cap beyond which earnings aren't taxed. This means that someone earning $168,600 and someone earning, say, $33,168,600, will pay the same amount in taxes to Social Security. 2018 2% 2017 0.3% 2016 0% 2015 1.7%

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The Motley Fool

NOVEMBER 26, 2023

It's an effective tax planning strategy for stock investors. Donating shares to nonprofit organizations will provide two tax benefits. First, you get to deduct the value of the shares you donate as a charitable contribution on your taxes. He started the Bezos Earth Fund to fight climate change and protect nature in 2020.

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The Motley Fool

MAY 4, 2024

The real estate investment trust (REIT) owns about 15,500 single-tenant properties on net leases, meaning the tenant covers the maintenance, tax, and insurance costs. Despite that benefit, the stock is down 35% from its 2020 high. Higher interest rates seem to have weighed on the stock in the last two years. In 2023, revenue of $4.1

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The Motley Fool

MAY 29, 2024

Yes, there are EV tax credits of up to $7,500 for new EVs, and up to $4,000 for used EVs. Car insurance has been one of the highest-inflating monthly bills that most Americans have to pay -- according to Bloomberg, in the past four years since January 2020, average car insurance premiums have increased by 43.7%. Unfortunately, no!

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Taxes Banks Accounting Companies 246

The Motley Fool

AUGUST 6, 2024

The role Social Security benefits play in people's retirement varies widely, but in any case, it's good to have this guaranteed income after many years of paying Social Security taxes. This amount is called the "wage base limit," and it's the maximum amount of your income subject to Social Security taxes each year.

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The Motley Fool

DECEMBER 11, 2023

QuantumScape (NYSE: QS) was one of the hottest electric vehicle (EV) stocks of 2020. 27, 2020, and its stock opened at $24.80 It also aimed to expand its gross margin from 1% in 2024 to 30% in 2028, and declared its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) would turn positive in 2027.

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Mergers and Acquisitions Amortization Depreciation Earnings Before Interest 244

The Motley Fool

JANUARY 21, 2024

As long as Americans keep working, the program will continue to collect revenue via the payroll tax, which can be disbursed to eligible beneficiaries. Reinstate the payroll tax on high earners The flagship change called for by then-candidate Biden was to reinstate the 12.4% and $168,600 is subject to the payroll tax.

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Taxes Legal Assets Funds 246

The Motley Fool

DECEMBER 1, 2023

The cruise line operator's revenue plunged in 2020 and 2021 as global travel ground to a halt during the pandemic, and it was forced to take on a lot more debt to stay solvent. Looking back at Carnival's slowdown and recovery In fiscal 2020 and fiscal 2021 (which ended in November 2021), Carnival's revenue and number of passengers plummeted.

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Enterprise Values Debt Amortization Depreciation 243