One fascinating aspect of the tax structure in the US is that the Federal Government receives more in taxes from individuals than corporations. I wrote about this fact all the way back in 2011 and again 2016. In 2021, it got worse. Individuals paid $2 Trillion in taxes while corporations paid just $372 Billion in …
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Apple(APPL) is one of the world’s most valuable companies today with a market cap of over $2.5 Trillion. It too many decades for Apple to get to where it is now. When the company did its IPO in 1980 it was mainly known for its personal computers. That is no longer the case. The Apple …
The global pharmaceutical industry continues to grow and was up by an astonishing $1.4 Trillion in 2021. The Covid-19 pandemic gave a big boost to the industry. According to an article at ProClinical, the FDA approved 50 drugs in 2021 and M&A activity also picked up. With that brief intro, let’s take a look at …
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Black Friday was one of the worst days in US stock market history. On Oct 19, 1987 the Dow Jones Industrial Average plunged by an astonishing 22.6% in the session wiping out billions in market value. If the Dow were to fall the same percentage on Monday it would lead to a loss of 7,024 …
The Tax Foundation recently published the International Tax Competitiveness Index report for 2022. This is a fascinating study that measures important factors related to taxes and ranks the OECD countries. Estonia ranked 1 this year with the best tax code followed by Latvia and New Zealand. The US came in at number 22, the same …
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