BRIGHT ZONE

Taxes. Individuals and corporations must pay them but it's always a game of trying to pay the least amount. At least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. Some of these companies include big names like fedEx, Nike, HP and Salesforce. Those 55 corporations would have paid a collective total of $8.5 billion. Instead, they received $3.5 billion in tax rebates, collectively draining $12 billion from the U.S. government. These estimates don't include corporations that paid only some but not all of these taxes, like Netflix and Amazon. The more money you make, the more you have to pay in taxes, right? Not always. The ultra-wealthy typically take advantage of rules in the tax code which enable them to lower their effective tax rate. Warren Buffet has often pointed out that be pays less taxes than his secretary and Amazon famously paid zero taxes in 2018. So how exactly are the country's biggest earners using the tax code to avoid paying taxes? And on a state level, to balance their budgets during the coronavirus pandemic, states including New Jersey and New York have raised taxes on the wealthy. Conservatives warn that it will cause many of those who left in the early days of the pandemic to make those moves permanent since they're no longer bound to the physical locations of their offices as many businesses adopt remote or hybrid work. But available data from 2020 show that the so-called exodus wasn't as pronounced as initially projected, and the urban exit that did happen, was to suburbs rather than low tax states. CNBC explores how the most profitable companies in the country maneuver the complicated tax system to avoid federal corporate income taxes, how wealth individuals use the tax code to lower their taxes and if tax flight is a myth. SEGMENTS: 00:00 How Companies Like Amazon, Nike and FedEx Avoid Taxes (April 2022) 11:23 How The Rich Avoid Paying Taxes (May 2021) 22:31 Are Rich People fleeing Places With High Taxes? (April 2021)

Just two political parties have long dominated the American government. The 117th Congress had just two independent members in the Senate, who both caucus with the Democrats. And it's been more than half a century since a candidate from neither the Democratic or Republican Party won any electoral votes in a presidential election. Some experts suggest that the two-party system could be blamed for the political polarization we find in America. More Americans are growing discontent with the system. A study in 2022 found that nearly 4 in 10 Americans wished for more political parties to choose from. "It's a two-party system and you have to pick one side or the other," said Lee Drutman, a senior fellow at New America. "If we are in a situation in which one party believes that the other party winning the election would be so disastrous to the country that maybe we should intervene to prevent the other party from winning, then you don't really have a democracy anymore." So should the U.S. consider moving on from a two-party system and what kind of changes would it bring? Watch the video to find out.

BodyBuilder, Strongman & Powerlifter Walk In A Gym🤩

When Ghost Face Lifts At Your Gym 👻👻👀 Horror 🥶🤯

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