The Motley Fool

NOVEMBER 7, 2024

life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. Sequentially, corporate and other was primarily impacted by the timing of tax-related items. On a statutory accounting basis, the U.S.

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The Motley Fool

NOVEMBER 24, 2024

Over time, a greater percentage of earned income -- wages and salary, but not investment income -- has escaped the payroll tax. Legal immigration into the U.S. A majority of the legal immigrants that enter the U.S. payroll tax on earned income. The payroll tax accounted for 91.3% Legal net migration into the U.S.

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AUGUST 25, 2024

payroll tax that primarily funds Social Security. One of the key factors in Social Security's long-term financial success is that it requires a steady stream of legal migrants entering the United States. In 2023, the net migration rate of 2.748 per 1,000 people equates to roughly 920,300 migrants legally entering the U.S.

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The Motley Fool

FEBRUARY 8, 2024

Supreme Court ruled against the ban in May 2018, giving states the power to decide if they want to legalize and regulate sports betting in their respective jurisdictions. have legalized sports betting to some degree. Some states' plans for legalizing sports betting seem well underway, while a few have made little progress.

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The Motley Fool

MARCH 23, 2024

tax code makes different credits available to filers is a good thing. That's because claiming tax credits can result in a world of savings. A tax credit is a dollar-for-dollar reduction of your tax liability. It's different from a tax deduction, which only exempts some of your income from taxes.

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The Motley Fool

OCTOBER 10, 2024

federal legalization, burdensome tax regimes, and competition from the black market. Industry analysts project global cannabis sales to grow at a compound annual rate of 34% from 2023 to 2030, potentially reaching $444 billion by the decade's end. legal market demand. Image source: Getty Images. laws are reformed.

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SEPTEMBER 22, 2024

Sports betting is one such industry -- and DraftKings (NASDAQ: DKNG) is the best wager to make on the legalization megatrend. Widening budget needs are driving more governments to boost their tax revenue by legalizing sports gambling. Growth stock to buy No. DraftKings operates sportsbooks in 27 states.

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The Motley Fool

JANUARY 7, 2024

As of the 2023 Trustees Report, Social Security is facing a $22.4 Social Security is a program that's heavily reliant on people legally migrating into the U.S. payroll tax on wages and salaries (up to $168,600 in 2024). in 1998 to 2.748 in 2023, representing a nearly 58% drop in legal net immigration. With the U.S.

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The Motley Fool

JULY 15, 2023

Gather financial accounts and legal documents First, you want to gather all your parents' financial accounts and relevant legal documents (if your parents are anything like mine, this is much easier said than done). Income like dividends could also generate a tax bill. Here are four steps to guide you.

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The Motley Fool

MARCH 10, 2024

Image source: Getty Images If you want to keep more of your money in your pocket instead of sending it to Uncle Sam, you need to maximize your tax credits. Unlike tax deductions, which reduce the amount of income that's considered taxable, tax credits offer a dollar-for-dollar reduction in what you owe.

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The Motley Fool

DECEMBER 1, 2023

The slate of insider sales could be happening for personal tax reasons or portfolio positioning. Taxes on that type of compensation are triggered once that equity has vested. So it's possible, and perhaps likely, that the officers have sold shares to help cover taxes that will be owed for the current tax year.

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The Motley Fool

NOVEMBER 17, 2024

As various states have legalized this segment of the gambling business within their borders, DraftKings has entered these markets. Among the remainder, more states are heading toward legalization. There's simply too much tax revenue to be gained for state legislatures to shrug off. The dust began to settle. Then a few more.

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The Motley Fool

JUNE 18, 2023

Although the average Social Security benefit is a relatively modest $1,835 per month for retired workers, as of April 2023, it's nevertheless a vital source of income for the vast majority of seniors. As of the 2023 report, Social Security's long-term funding obligation shortfall reached $22.4 payroll tax if you're self-employed.

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The Motley Fool

FEBRUARY 19, 2025

billion at the beginning of 2013 and from $856 million at the end of 2023. We have seen a rapid increase in providers joining the network from 93 at the end of 2023 to now nearly 500 providers. We had a total estimated pre-tax statutory loss for our U.S. well ahead of schedule, reaching 86% coverage as of December 31st.

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The Motley Fool

JULY 18, 2023

So what The Georgia Supreme Court decided against hearing an appeal regarding proposed property tax breaks for Rivian's new manufacturing plant situated east of Atlanta. Opponents argued that the $700 million in tax breaks that Rivian received violated the state's constitution. ET, shares of Rivian are up 7.1%.

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MARCH 28, 2024

Supreme Court's decision to give states the autonomy to legalize and regulate sports betting on their own. When the Supreme Court made its decision, five states had legalized sports betting. have embraced legalized sports betting in some form. In 2023's fourth quarter, the company made $1.23 At the end of 2023, it had 7.1

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The Motley Fool

SEPTEMBER 10, 2023

The 2023 Social Security Board of Trustees Report estimates that America's top retirement program is facing a funding obligation shortfall of a whopping $22.4 As of the end of July 2023, the program held $2,856,838,557,000 in asset reserves, with an average interest rate of 2.396%. payroll tax. million people each month -- 49.6

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The Motley Fool

JANUARY 23, 2024

However, 3M continues to remind investors about the many problems it is dogged with, particularly legal issues that have weighed heavily on the company's growth and prospects in recent years. To be fair, 3M still beat its earnings guidance in 2023 and exited the year with strong cash flows. year over year in Q4 and were down 4.5%

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The Motley Fool

MARCH 1, 2024

Image source: Getty Images The only thing most people like about tax season is getting a refund check they can put toward debt repayment, saving for a long-term goal, or just spending it on something fun. Below, we'll look at which states had the largest tax refunds last year and what you can do to boost yours. Alaska $1,565.92

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The Motley Fool

DECEMBER 20, 2023

While the legal complaint only concerns Ripple (CRYPTO: XRP) and its operating structure, the precedents set here should have ripple effects (pun intended) on other cryptocurrencies, too. The scheduling story so far In a court filing dated November 13, 2023, Judge Torres nailed down the schedule for further pretrial filings.

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The Motley Fool

FEBRUARY 23, 2024

Image source: Getty Images Claiming as many tax breaks as you can (legally, of course) is key to paying the IRS as little as possible. They provide a dollar-for-dollar reduction of your tax bill. Each tax credit has its own rules outlining who qualifies and how much the credit is worth. You were a U.S.

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The Motley Fool

OCTOBER 18, 2023

Tesla (NASDAQ: TSLA) Q3 2023 Earnings Call Oct 18, 2023 , 5:30 p.m. Stock Advisor returns as of October 16, 2023 It's interesting to think about that. million vehicles in 2024, representing 28% growth versus 2023 guidance. Is Tesla planning to accept legal liability for FSD? Image source: The Motley Fool.

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OCTOBER 9, 2024

Industry projections suggest it could grow from $57 billion in 2023 to $444 billion by 2030. country to legalize cannabis for recreational use. However, the initial phase of this legalization focuses on personal possession and cultivation, along with non-profit "cannabis clubs" for distribution, rather than commercial sales.

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The Motley Fool

MARCH 16, 2024

Image source: Getty Images You know you're an adult when you file your first tax return. Do not jump the gun I cannot overemphasize this enough: Do not rush to get your tax return filed. Read more: we researched free tax software and put together a list of the best options here It's not as though you'll mean to do anything wrong.

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The Motley Fool

DECEMBER 14, 2023

Customer acquisition costs are decreasing DraftKings is experiencing significant growth as more states legalize sports betting, resulting in more people using the platform. And as more states legalize online sports betting and gambling, that means more guidance raises to come for DraftKings. It also means more customers.

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The Motley Fool

FEBRUARY 25, 2024

According to the 2023 Social Security Board of Trustees Report, the program is staring down a $22.4 payroll tax on earned income and the taxation of Social Security benefits -- would live on in perpetuity. To begin with, Social Security relies on a steady stream of legal migration into the U.S. Social Security lie No.

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The Motley Fool

AUGUST 31, 2023

Broadcom (NASDAQ: AVGO) Q3 2023 Earnings Call Aug 31, 2023 , 5:00 p.m. s third quarter fiscal year 2023 financial results conference call. Broadcom distributed a press release and financial tables after the market closed, describing our financial performance for the third quarter fiscal year 2023. In the U.S.,

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The Motley Fool

FEBRUARY 28, 2024

But come tax time, they can also bring you some huge savings. Several tax breaks are specifically geared at children and families that can help you reduce your taxable income for the year or even reduce your tax bill directly. Read more: we researched free tax software and put together a list of the best options here 1.

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The Motley Fool

DECEMBER 10, 2023

Supreme Court ended the federal ban on sports gambling , allowing states to decide for themselves whether to make sports gambling legal for their residents. Over 20 states have legalized online sports betting with tens of billions of dollars spent yearly by gamblers betting on football, basketball, and more through these online portals.

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The Motley Fool

FEBRUARY 10, 2024

You get to make someone happy to receive your support, and you get a thank-you from Uncle Sam in the form of a tax deduction. Tax deductions can lower your taxable income so you can legally pay less in taxes. Read more: we researched free tax software and put together a list of the best options here Misconception No.

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The Motley Fool

JUNE 22, 2024

Fidelity reported that 391,562 IRA customers had a million-dollar IRA at the end of 2023. Open an account : Most financial institutions will require an adult to open a custodial Roth IRA and manage the account on your child's behalf until they are legally able to do so on their own.

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The Motley Fool

AUGUST 12, 2023

The program generated 90% of its revenue in 2022 from the payroll tax on earned income (wages and salary, but not investment income), and an additional 4% from the taxation of Social Security benefits. birth rates , and a more-than-halving in legal immigration into the U.S. payroll tax on the earned income of high earners.

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The Motley Fool

JANUARY 20, 2024

After watching the benchmark S&P 500 index climb by 24% in 2023, investors might assume that all the good stocks are out of their price range. As a REIT, it can legally avoid paying income taxes if it distributes nearly all its profits to shareholders as a dividend. during the first nine months of 2023.

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The Motley Fool

SEPTEMBER 25, 2023

This article is intended for educational purposes only and is not legal advice. Take a legal pad or create a simple spreadsheet and create two columns. You can have both, too, and a financial advisor or tax expert can help you make an informed choice. For guidance on your personal situation, please contact a lawyer.

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The Motley Fool

DECEMBER 17, 2023

With a Roth IRA, you contribute taxed income (take-home pay) but can withdraw it, and your investment gains tax-free when you retire. Most of your Roth IRA's value might be investment gains by the time you retire, and you'll pay no taxes on it. It's one of the few ways to (legally) get out of paying taxes.

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The Motley Fool

SEPTEMBER 21, 2023

First, in late August, the Department of Health and Human Services (HHS) officially recommended to the Drug Enforcement Agency (DEA) that marijuana should be rescheduled from Schedule I to Schedule III, even though cannabis legalization in the U.S. is still uncertain. Given the company's ongoing plan to pivot toward the U.S.

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The Motley Fool

JULY 1, 2023

Your country of residence may recognize Roth IRA tax benefits The selling point of a Roth IRA is the tax-free withdrawals you receive in retirement. It's a tax break that could easily save someone thousands over time. Countries that recognize the tax-free benefit of Roth accounts include Belgium, Canada, France, and the U.K.

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