The United States has the highest corporate income tax rate among the 34 industrialized nations of the Organization for Economic Co-operation and Development, according to research conducted by the Tax Foundation. The U.S.’s general top marginal corporate income tax rate is well above the worldwide average of 22.9%.
Significantly fewer 30-year-olds own homes today compared to 40 years ago. According to the U.S. Census Bureau, only 33% of 30-year-olds are currently homeowners, down from 56% in 1975. Moreover, only 55% of 30-year-olds earn a “moderate” income today, compared to 71% in 1975. The data should interest business owners who are involved in building and selling homes, as well as anyone engaged in the manufacture and sale of home-related goods.
Identity theft remains a serious issue for consumers. Recent data from a survey conducted by the American Institute of Certified Public Accountants reveal that 21% of Americans say they have been victims of identity theft or attempted identity theft. The survey found that 93% of identity theft victims took steps to minimize the impact of the crime on their finances or to protect their identity afterward.
A Gallup poll on the spending habits of millennials shows that they display thrifty and non-thrifty shopping habits simultaneously. The poll found that while 71% of Millennials went online to check prices and find the best deal, 47% made an impulse purchase, compared with 55% and 34% of all other consumers, respectively.
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