A 2015 McKinsey report says today's technology is ready to replace approximately 45% of US jobs across a wide range of industries; federal and state governments have been receiving numerous inquiries about the effects of robot automation on the labor market however little has been done by legislators on the topic; Bill Gates has one suggestion for the economy; he suggests a tax for robot automation; a number of scenarios have come from Gates' robot tax suggestions, including: a company tax for robot automation that would contribute to social programs, designating government funds for salaried workers affected by robots, using taxes to provide a universal income for all citizens and a negative income tax. Source
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. This post merely shares how Lending...
[Update: There is now a 2014 Lending Club and Prosper Tax Guide.] [Disclaimer: I am not an accountant nor am...
[Update: This post was written in 2012 and in 2013 Lending Club changed their policy to include all notes on...
Now that tax season is behind us many of us will be wondering what to do with our tax refunds....
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. This post merely shares how Lending...
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. This post merely shares how Lending...
My two favorite investments are p2p lending and high dividend-paying stocks. A good portion of my overall portfolio is in...
[Update: This post is now irrelevant because Prosper started offering an IRA in 2012. Prior to this you had to...
[Update: Much of the information here is now out of date. Please see the latest tax guide here.] Last night...