Tax Refunds to Take a Hit Thanks to Obamacare

Aug 25, 2014, 2:59 pm EDT

Obamacare recipients could receive less money from tax refunds next year.

Health care premiums tied to the Affordable Care Act may give you a headache come tax season. Tax refunds could be reduced or eliminated entirely if your 2014 income is lower than you estimated it to be when you applied for Obamacare.

Laws connected to the health care plan affect the amount of money you’ll receive from tax refunds. Unless you change your estimated income for the year on HealthCare.gov to reflect your new salary, part of that income will go to Obamacare. Read 

Harry Reid: Tesla Could Be ‘Playing’ Nevada

Aug 20, 2014, 2:53 pm EDT

Harry Reid, Senator of Nevada, thinks that Tesla Motors (TSLA) may be “playing” the state.

According to Reid, Tesla may be playing the state as it starts a “bidding war” between Texas and California in an effort to land the company’s new gigafactory. The Senator believes that this is all part of CEO Elon Musk’s plans to get the “best deal” he can for the company, reports Business Insider.

Musk has admitted that a construction pad for the gigafactory has been set up in Nevada. However, work at the site has stopped as the company waits for additional moves from Nevada, Business Insider notes. Read 

USPS Union Shows Why People Hate Unions (SPLS)

Aug 12, 2014, 12:24 pm EDT

Staples (SPLS) has been really struggling as of late, as have all office supply stores. The superstore concept is starting to fail in the face of competition from stores like Dollar Tree (DLTR), Walmart (WMT) and Amazon (AMZN), not to mention Uline.

SPLS management had a great idea, though — set up U.S. Postal Service outlets inside Staples stores.

Wouldn’t it be great if you could not only buy shipping materials and supplies at Staples, but actually ship them from inside the store? It would be a time-saver for people who didn’t then have to slog to the nearest post office, and wait in line for the USPS’ oh-so-exceptional service. Read 

Target (TGT) Comes Out in Support of Gay Marriage

Aug 7, 2014, 1:02 pm EDT

Target (TGT) has expressed its support of gay marriage in the company’s blog.

The retailer signed its name in a court brief that backs marriage equality. Target is following in the footsteps of other major companies that have signed the document and openly expressed their support for gay marriage including Apple (AAPL) and Starbucks (SBUX).

“It is our belief that everyone should be treated equally under the law, and that includes rights we believe individuals should have related to marriage,” Target Executive Vice President of Human Resources Jodee Kozlak said. Read 

Same-Sex Marriage Ban Overturned in Virginia

Jul 29, 2014, 11:39 am EDT

The U.S. Court of Appeals for the 4th Circuit has overturned the same-sex marriage ban in Virginia.

A 2-to-1 decision by the court’s panel upheld a lower court’s decision to end the ban on gay marriage. The court said that the ban on same-sex marriage was unconstitutional as it served as a new form of “segregation.”

Virginia Attorney General Mark Herring does not support gay marriage but he believes that the state’s law on the issue was unconstitutional. “Ultimately, the question whether the people are free to affirm marriage as a man-woman union will be decided by the U.S. Supreme Court,” he said in a statement. Read 

A $15/Hour Minimum Wage Is Bad for Business

Jul 25, 2014, 11:11 am EDT

Nick Hanauer’s perplexing Politico article regarding the minimum wage exemplifies the fact that achieving wealth does not necessarily endow one with special knowledge about market forces.

Tim Worstall does a great job of setting Hanauer straight on the “facts” that the letter presents in his article. He also torpedoes the notion that a $15 minimum wage is a good idea.

Indeed, Hanauer refers to himself as “not the smartest guy you’ve ever met.” So maybe that explains how he could get so many things wrong about basic concepts regarding wages and employment. Read 

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