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
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[Update: This post is now irrelevant because Prosper started offering an IRA in 2012. Prior to this you had to...
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[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. This post merely shares how Lending...
Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. This post merely shares how Lending...
A study conducted by AI tax solution, April, found that understanding the system was more of an issue for taxpayers than time spent filing.