tax code
Coverage of tax code in the Nexus archive.
- STAT+: America’s small businesses are giving up on health insurance
America’s small businesses are increasingly abandoning health insurance due to rising costs and unaffordable options. The percentage of working-age adults with job-based health coverage has dropped from 67% in 1998 to about 60%, as high premiums driven by hospital, doctor, and drug prices strain businesses and workers.
- US lawmakers push for fewer tax breaks to reduce reliance on China technology
US lawmakers are advocating for reducing tax breaks to decrease corporate reliance on Chinese technology, citing national security risks. Representative Nathaniel Moran emphasized that China is an 'adversary' and criticized the 'toxic relationship' between American businesses and Beijing.
- Five ways to avoid tax penalties in 2026
The article outlines five strategies for avoiding IRS tax penalties in 2026, including adjusting year-end withholding, using prior-year tax benchmarks, and annualized income calculations. A certified public accountant highlights challenges with unpredictable incomes and offers methods to meet IRS requirements without penalties.
- We will need a new tax code for the wealth AI creates
The article discusses the need for a new tax code to address wealth generated by AI and raises concerns about mass underemployment requiring a prepared policy framework.