Household survey

Share to Twitter Share to Linkedin Forget roses or chocolates! According to a new study , a majority of American adults ages 21 and over are planning on gifting their sweethearts with cannabis on the upcoming Valentine’s Day (or at least, incorporating it into their plans). And here's a shocker: parents are more likely to use or gift cannabis than their peers without kids. Conducted by Wired Research and commissioned by multi-state cannabis operator Verano Holdings , the survey polled 961 Americans and was conducted between January 24, 2023, and January 29, 2023. The resulting data shows that attitudes and purchasing behaviors towards cannabis are shifting in the U.S., with more interest, acceptance and personal cannabis usage leading the way. Highlights of the study’s findings include: ● 19 million American adults will skip the champagne on Valentine’s Day in favor of cannabis; ● Nearly 1 in 4 American adults believe cannabis improves … [Read more...] about Majority Of Americans Plan To Use Or Gift Cannabis On Valentine’s Day, Says New Survey

Share to Twitter Share to Linkedin There is no doubt that over its 36-year life that the Low Income Housing Tax Credit (LIHTC) has housed many people. But how many? As my last post showed, there are many known unknowns about how and how well the LIHTC has functioned over those years. For example, a common number offered as an answer to the question, “how many units has LIHTC created over its 36 years?” the answer is often something like 29 million. Where does that figure come from? Column V in the LIHTC “database,” a column in the Excel spreadsheet that has 3,000 blanks and 1,500 cells with “0” as the answer. It is a challenge to reform a federal expenditure when no deep evaluation is possible for lack of good data. However, I’d like to close the LIHTC portion of the look back at Paul Ryan’s critique with some ideas for reform. I’ve concluded that the Low Income Housing Tax Credit Program isn’t really a program at all. It is behemoth , a complex of … [Read more...] about Series: Unwind The LIHTC, Create Tax Benefits For Builders And Families

What Is a Mega Backdoor Roth 401(k) Conversion? A mega backdoor Roth 401(k) conversion is a tax-shelter strategy available to employees whose employer-sponsored 401(k) retirement plans allow them to make substantial after-tax contributions in addition to their pretax deferrals and to transfer their contributions to an employer-designated Roth 401(k). The Build Back Better Act, H.R. 5376, passed by the House of Representatives on Nov. 19, 2021, contains provisions that, if enacted, would limit the ability of high-income taxpayers to accumulate extremely high-value balances in Roth 401(k)s and would eliminate backdoor Roth conversions for high-income taxpayers after Dec. 31, 2031. As of spring 2022, the Build Back Better Act remains stalled in the Senate, and these provisions may not come to pass, at least not in their current form. But mega backdoor Roth conversions remain an important issue—and a notable route to wealth for higher-income taxpayers. Key Takeaways H.R. … [Read more...] about Mega Backdoor Roth 401(k) Conversion: Overview and FAQ

India’s budget for healthcare saw a marginal increase of 13 percent in Budget 2023-24 from Rs 79,145 crore in 2022-23 to Rs 89,155 crore in 2023-24. Over the last five years of the Modi government, the sector has seen a 27 percent rise in allocations from Rs 62,659 crore in FY20 to Rs 89,155 crore in 2023-24. However, schemes such as Pradhan Mantri Ayushman Bharat Health Infrastructure Mission as well as the Pradhan Mantri Swasthya Suraksha Yojana have seen lesser amounts being allocated to them in this budget. The allocation for one of the flagship schemes of the government — Pradhan Mantri Ayushman Bharat Health Infrastructure Mission, a pan-India health scheme for strengthening healthcare infrastructure — fell to Rs 645.8 crore from the previous budget estimate of Rs 978 crore. The utilisation of the fund has been even lower, with the revised FY23 estimate standing at Rs 281.6 crore. The Pradhan Mantri Swasthya Suraksha Yojana, announced with the objectives of correcting … [Read more...] about Budget 2023: Marginal hike in healthcare allocation, key schemes see cuts

The budget attempts to simultaneously expand the tax base by reducing several benefits available to HNIs. All eyes were on Budget 2023, awaiting steps that would quell the high net-worth individual (HNI) exodus that has been plaguing the country over the past few years. While the Budget has introduced some beneficial measures to attract global HNIs, there are also a few snags which may send a mixed signal to them. On the positive front, HNIs are expected to have more in-hand money following the changes proposed in the Budget. The Budget proposes to cap the highest surcharge rate for such individual taxpayers who opt for the new tax regime to 25 percent from 37 percent at present. Consequently, the effective tax rate would now be reduced from 42.74 percent to 39 percent, ensuring a net savings of almost 4 percent on incomes of Rs 50 million (Rs 5 crore) or more. This proposal will provide relief to individuals with income above  Rs 50 million who are taxed under the new personal … [Read more...] about Budget 2023: Some relief and some pain for high net-worth individuals

Finance Minister Nirmala Sitharaman presenting Union Budget 2023. Finance Minister Nirmala Sitharaman in her Budget speech on February 1 announced a revamped credit guarantee scheme for micro, small and medium enterprises (MSMEs). The revamped credit guarantee scheme for MSMEs will come into effect from April 1, 2023, with an infusion of Rs 9,000 crore into the corpus, the FM said. Catch Moneycontrol's live updates on Budget 2023 here This will enable another collateral-free credit of Rs 2 lakh crore. Further, the cost of credit will be reduced by around 1 percent, she added. Experts reckon that the move will prove to be good news for MSMEs that are still recovering from the COVID-19 pandemic. The credit guarantee scheme had a choppy start but over the last two years, banks have been brought on board to lend, and the scheme has helped in alleviating stress in the sector. Read More The recovery of India's MSMEs was advancing swiftly, according to the … [Read more...] about Union Budget 2023: FM announces revamped credit guarantee scheme for MSMEs

Net losses for the October-December period narrowed to 317.3 billion won ($251.5 million) from 503.6 billion won a year ago, the company said in a regulatory filing. Operating profit in the fourth quarter fell 7.5 percent on-year to 101.1 billion won. Sales inched up 0.2 percent to 3.79 trillion won. The operating profit was 39.7 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available. Lotte Shopping said its fourth quarter net losses narrowed on improved profitability stemming from an even sales growth of all product categories, including fashion and food. For the whole of 2022, Lotte Shopping's net losses widened to 297.8 billion won from 272.9 billion won from 2021. The company's operating profit came to 394.2 billion won in 2022, up 89.9 percent from the previous year, while sales fell 0.6 percent to 15.48 trillion won. Lotte Shopping expects its retail … [Read more...] about Lotte Shopping’s net losses narrow in Q4 on increased sales

Share to Twitter Share to Linkedin Popular Bloomberg News columnist Matt Levine likes to make a comical point in his popular Moneystuff column for Bloomberg that from the SEC’s perspective nearly everything a company does (or its executives) that violates the law can be construed as securities fraud. The Federal Trade Commission under Lina Khan has embraced a similarly omnivorous jurisdictional appetite by declaring that a wide array of heretofore commonly accepted business practice could potentially be construed as a violation of antitrust laws. Abandoning the notion that the FTC should be concerned first and foremost with consumer welfare and prices has given Khan the freedom to pursue an overtly political agenda, which a cursory exam of the industries in her crosshairs makes abundantly clear. Two issues in particular illustrate the extent to which the current FTC is pursuing a narrow ideological agenda rather than attempting to improve consumer welfare. … [Read more...] about The FTC’s Fight Against Non-Monopolies Won’t Help Consumers

Share to Twitter Share to Linkedin With the help of smart technology tools, C-suite executives can gain a better understanding of behavior patterns in the industry before they make their next business decision—whether it's finding the right new hire to support their team's needs, improving their DEI practices or finding a better employee survey tool to increase company-wide engagement. As experts, the members of Forbes Human Resources Council are heavily engaged in leveraging any information that can serve their efforts more strategically and help them boost the bottom line. Here, eight of them discuss some additional advantages that other HR leaders and decision makers can attain from using workforce big data analytics on a regular basis. 1. It Makes Metrics More User-Friendly It is so much easier to review metrics now compared to previous methods. We are able to view turnover, cost per hire, promotion rates, DEI information and many other statistics … [Read more...] about Eight Reasons To Engage In Big Data: HR Leaders Weigh In

Share to Twitter Share to Linkedin Oleh Svet, Chief Delivery Officer at Computools . The restaurant sector was among the most impacted during the Covid-19 pandemic as it faced strict social distance requirements, lengthy lockdowns and strict hygiene measures. These challenges, however, also forced owners to switch to digital solutions faster, speeding up what could have been a much longer process toward digitalization. Digitalization and process automation have helped many restaurants not only emerge from the crisis but also to step into a new development phase in post-crisis times. In fact, automation has been shown to help restaurants save money, reduce storage costs and deliver the freshest and highest quality food. In this article, I'll look at how four digital technologies can help improve the way the hospitality industry does business and what those in the industry should know about implementation. Online Menus Previously, … [Read more...] about How Hospitality Tech Is Changing The Restaurant Business