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Tag: 2018

If you failed to withhold enough tax in 2018, the IRS has a nasty surprise for you

If you failed to withhold enough tax in 2018, the IRS has a nasty surprise for you

Finance
We're only in the second week of tax season — and some filers are already in for a nasty surprise from the IRS. This spring marks the first time taxpayers are submitting returns under the Tax Cuts and Jobs Act, which went into effect in last year. Though the 2018 filing season only started on Jan. 28, some early filers are discovering that they either owe the IRS or they'll be getting a smaller-than-expected refund from the taxman. They took to Twitter to air their grievances. Tweet ...
2018 was 4th warmest, but next 5 years could break records

2018 was 4th warmest, but next 5 years could break records

Technology
While 2018 was the fourth-warmest year on record, British meteorologists are predicting the next five years will be much hotter, maybe even record-breaking. Two U.S. agencies, the United Kingdom Met Office and the World Meteorological Organization analyzed global temperatures in slightly different ways, but each came to the same conclusion Wednesday: 2018 was the fourth-warmest year on record behind 2016, 2015 and 2017. The U.S. government's National Oceanic and Atmospheric Administration said 2018's average temperature was 58.42 degrees (14.69 Celsius), which is 1.42 degrees (0.79 Celsius) warmer than the 20th century average. Much of Europe had its warmest years on record. Records go back to 1880. NASA and NOAA climate scientists said even though 2018 was a tad cooler than the three pr...
World's rich grew by $2.5B a day in 2018 as poor's wealth dropped, Oxfam claims

World's rich grew by $2.5B a day in 2018 as poor's wealth dropped, Oxfam claims

World
Jan. 21 (UPI) -- The economic divide between the world's haves and have-nots widened last year, as the planet's billionaires saw their collective wealth increase by $ 2.5 billion a day while humanity's poorest half saw its wealth drop by 11 percent, a report published Monday by Oxfam showed. Published a day before the start of the World Economic Forum in Davos, Switzerland, the "Public Good or Private Wealth" report by the anti-poverty NGO states that the number of billionaires has almost doubled since the 2008 financial crisis while the world's corporations and super rich are "undertaxed." "Governments have been reducing both the top rate of personal income tax and the rate of corporate income tax over the long term," the report said, adding that if this were reversed, countries could af...