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Many received PPP loans. And that means new tax questions for 2021 filings.
The list includes dwindling trust funds for Social Security and Medicare and potential bubbles in the housing and stock markets.
As the year draws to a close, small business owners are starting to figure out their tax liabilities for 2020. That’s complicated for businesses that got Paycheck Protection Program loans.
The two clashed over Trump’s signature tax reforms during the vice presidential debate.
IRS figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than what the president paid.
The private sector isn’t necessarily “running scared,” says Eurasia Group’s Ian Bremmer.
How might the current pandemic and financial crisis change the economic priorities of VP candidate Kamala Harris?
The EU had accused Apple of getting special treatment in Ireland and avoiding paying its fair share of taxes.
They’ve been processing PPP loans, and also simply helping clients navigate a tough financial climate.
“You just get a much bigger fiscal bang for the buck,” says Mark Blyth, the economics professor and author of “Angrynomics.”