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Tag: taxes

REUTERS/ROBERT GALBRAITH

The Gig Economy Appears to Be Growing– Here’s Why

With the rise of Uber, Airbnb, and TaskRabbit, there’s a sinking suspicion that the traditional 9-5 job is being replaced by flexible, independent contract work. But, despite the existence of multiple billion-dollar Silicon Valley startups hiring an army of independent contract workers, economists have had difficulty finding any evidence that Americans were more likely to be self-employed.

Rep. Paul Ryan (R-WI) (L) leaves with Rep. Luke Messer (R-IN) after a House Republican Conference meeting October 21, 2015 at the Capitol in Washington, DC. Rep. Ryan said he is open to running for Speaker of the House if the GOP will unify behind him.

Speaker-in-Waiting Paul Ryan Abandons Opposition to Big-Spending Budget Deal

Paul Ryan’s previous criticism of the deal to his Republican colleagues was quite pointed, including a declaration that the process “stinks.” But now he expresses optimism that the deal will include “meaningful reforms to strengthen our safety net programs, including significant changes to bolster Social Security,” and fund the military, as well as providing an opportunity to “return to regular order in our budget process.” His evaluation has been upgraded from stinky to “some good, some bad, and some ugly.”

Justin Sullivan/Getty Images

Apple Reportedly Avoids $59 Billion in Taxes

Big tech companies are safeguarding billions of dollars in offshore tax havens, according to a new study. Apple alone, the biggest offender, is stashing $181B in revenue with an estimated tax burden of $59.2B. In other words, Apple’s taxes could pay for nearly the entirety of President Obama’s plan for free two-year community college (an estimated $60B).

Donald Trump

Trump Pushes Single Payer Healthcare, Tax Increase on Wealthy

During his “60 Minutes” interview Sunday, Republican presidential front-runner appeared to come out in favor of a form of single payer health insurance for the uninsured (although he does says he’s going to “take care of everybody”) and openly called