News That Matters

Tag: 2018

3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

Finance
Say what you will about presidential hopeful Sen. Elizabeth Warren, D-Mass., but it looks like she's getting some good tax advice. Warren released her 2018 tax return Wednesday. She filed jointly with her husband Bruce H. Mann, a professor at Harvard Law School. The two reported total income of $ 905,742 and paid total taxes of $ 230,965, according to the return. The couple didn't get a refund. Rather, they owed the IRS $ 24,477 in taxes. They weren't on the hook for underpayment penalties. "...
CO2 growth in 2018 was fourth highest on record

CO2 growth in 2018 was fourth highest on record

Science
March 22 (UPI) -- The concentration of carbon dioxide in Earth's atmosphere increased 2.87 parts per million at NOAA's Mauna Loa Observatory in 2018, the fourth largest increase in the agency's 60 years of record-keeping. On Jan. 1, 2018, the the average concentration of atmospheric CO2 measured 407.05 parts per million. Twelve months later, the average measured 409.92 parts per million. Three of the four highest annual increases on record have occurred during the last four years. The record belongs to 2016, the year atmospheric CO2 concentrations jumped 3.01 parts per million. Second place goes to 2015, which featured an increase of 2.98 parts per million. Last year's increase ranks just behind 1998's growth of 2.93 parts per million. Last year didn't pass without an ominous CO2 record...
UK growth slows to 0.2% in fourth quarter of 2018

UK growth slows to 0.2% in fourth quarter of 2018

Business
By James Sillars, business reporter UK economic growth eased to 0.2% in the final quarter of 2018 as the clock ticked down to Brexit, official figures show.The preliminary figure from the Office for National Statistics (ONS) represented a significant slowdown on the 0.6% achieved between July and September but was in line with economists' forecasts. It meant that, subject to revisions, the economy grew by 1.4% over the 12 months - its weakest performance since 2014.The pound fell below $ 1.29 following the data release - a fall of almost half a cent - as investors digested the damage from Brexit uncertainty and the wider headwinds in the global economy linked to the US trade war with China. Image: The high street endured a t...