Economy articles

Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

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Economy
Why does daylight saving time exist?

Only Arizona and Hawaii are exempt from changing the time twice a year to account for daylight saving time.

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Economy
How have flood insurance premiums changed?

FEMA’s Risk Rating 2.0 system has redistributed flood insurance premiums for more than 5 million policyholders.

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Economy
Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

A Treasury Department analysis showed releases from the reserve contributed to a 13 to 31 cent per gallon decrease in the price of gas through July. But prices have risen in recent months.

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Economy
How do corporations avoid paying taxes?

Corporations reduce their tax liability through a variety of ways, such as accelerated depreciation and profit shifting.

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Economy
How did the Inflation Reduction Act of 2022 change corporate taxes?

The Joint Committee on Taxation estimated that about 150 corporations would be subject to a new minimum corporate tax each year.

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Economy
What are capital gains? How are they taxed?

About two-thirds of individual capital gains subject to tax are from selling corporate stock; the remainder is from property sales.

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Economy
How will the Inflation Reduction Act change the IRS?

The Inflation Reduction Act would double the number of employees and expand the auditing capacity of the IRS.

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Economy
What is a recession? How can you know if the economy is in a recession?

Even in the face of bad economic news, there is only one official way to call a recession.

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Economy
What's the average price for a gallon of gas in the US?

Gas prices in the U.S. in 2022 are 114%.higher than the historical average.

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Economy
What is the money supply, and how does it relate to inflation and the Federal Reserve?

Changing the amount of money there is in the economy is one of the main ways the Federal Reserve tries to control inflation.

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