The tax treatment of Electric Vehicles(EVs) varies by state in the US. Some states give credit while others penalize consumers for purchasing EVs. Some pretend to be neutral by charging both the penalty and offering a credit. Consumers get a credit of $7,500 for qualified EV purchases from the Federal government. But at the state …
Inflation in the US continues to remain stubbornly high. Currently the annual inflation rate is at 3.7% based on June data. This rate is still higher than the Fed target rate of 2%. The actual inflation rate that a consumer sees such as food, insurance premiums, etc. have risen to astonishing levels in the years …
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Food company stocks are in the doldrums this year. These companies were strong performers during the past few years due to the pandemic and other factors such as continuously increasing prices. However this year sales have stagnated and consumers are no longer willing to put up with high prices and they are switching to cheaper …
Continue reading ‘Checking on the Performance of Five Food Stocks’ »
Taxes on beer vary widely among the countries in Europe. The EU requires every country to levy a minimum of €0.03 ($0.03) for a 330ml (11.2 oz) beer bottle with 5 percent alcohol content according an article at Tax Foundation. Germany, Luxembourg and Spain charge the lowest taxes on a beer bottle at the minimum …
The US national debt crossed $33.0 Trillion on Monday, June 18th according to the Treasury Department. A government shutdown may occur if federal funding is not extended by the Congress before Sept 30th. 33 Trillion dollars is such as large number it is impossible to even understand how such a debt is possible. As this …
Continue reading ‘Putting The National Debt of Over $33 Trillion in Perspective: Infographic’ »