Category: Bookkeeping
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Burn Rate: What It Is, Types, Formula, and Examples
The bigger your capital investment or current cash, the lower your burn rate—even if operating expenses stay the same. If your business is off to a good start but isn’t turning a profit, you may be able to attract investors looking for high-growth opportunities. Selling shares will give you cash to work with and more…
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Progressive Tax Definition, How It Works, Benefits, & Criticisms
The U.S. income tax system is still seen as progressive, notwithstanding recent flattening. There are seven tax brackets for 2022 and 2023, with rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%. However, there are also a number of regressive taxes that are assessed at the federal, state and local levels. For example, sales…