Net income vs gross income: what’s the difference?
Gross income is the total income from the sales of goods and services during a given period. Net income is the profit that remains after deducting total expenses from gross income. Understanding the difference between the two is essential to…
Richard Murphy: A distinctive Scottish tax system is key to the country’s future
I AM well aware that most people don’t like paying taxes. I could take it a step further and say that most people don’t like to think about taxes. Despite these two things, I suggest that those interested in Scottish…
Detroit’s tax system is broken, but there are solutions
Detroit’s property tax system is broken. For most of us, this statement is nothing new. Story after story, there’s been written about the effects of property taxes on Detroit residents, and many of us have even seen the effects firsthand….
History of the 2021 budget, in 9 graphs
After budgeting for a sharp increase in spending for the remaining months of the fiscal year, the finance ministry plans to tighten spending in the coming year. Overall government spending is estimated to increase by 28% in FY2021 and drop…
How To Get Your College’s Most Generous Financial Aid | Best colleges
Great consideration in choosing a University, at least for most people, is the brutal blow the bills will take to a family’s finances. By following a smart strategy when applying for financial aid, you may come across some pleasant surprises…
World’s poorest people owe $ 5.7 trillion, says Oxfam
• Last year, OECD members gave only 0.3% of their GNI in aid – less than the 0.7% promised. • 0.7% would help the world’s poorest countries achieve the SDGs for a decade. • Stable aid flows are needed more…
Mozambican finance minister arrested Credit Suisse, FBI caught up – Quartz Africa
From an isolation cell east of Johannesburg, Mozambique’s former finance minister is fighting extradition to the United States. Manuel Chang was arrested on December 29 at OR Tambo International Airport on his way to Dubai from Maputo. He appeared twice…
Even students with financial aid struggle to succeed in college
In the college cost debate, it’s common to hear complaints about country-club-style amenities fueling tuition hikes and students paying more attention to the dining room offerings of a school than at the cost of deciding where to go. These kinds…
Let’s talk about the EU’s permanent debt – POLITICO
European Central Bank President Christine Lagarde wants EU governments to consider the possibility of making EU debt a permanent part of the bloc’s economic response to crises, she told the World in one maintenance published Monday. Speaking of the €…
Five ways students can obtain the most financial assistance
It’s not easy to calculate college cost. Although tuition fees seem exorbitant, many students will receive financial assistance from the federal government in the form bursaries, grants, or loans. Cost of college education can vary depending on factors like income, family size…