How the Tax Bill and ‘Grinch Bots’ Could Ruin the Holidays
This week, Inc. editors and writers dive into the Senate’s proposed tax bill and how toy scalpers are using computer programs to buy toys.
PHOTO CREDIT: Getty Images
This week, staff writer Zo Henry talks about how the Senate's proposed tax bill could give the largest permanent tax breaks to big corporations while many small businesses wouldn't qualify for tax relief. The provision that reduces the maximum corporate tax rate from 35 percent to 20 percent doesn't apply to pass-through entities, which make up the vast majority of U.S. small businesses.
Staff writer Will Yakowicz explains how toy scalpers use computer programs to buy popular toys to sell them to desperate parents at inflated rates during the holiday crush and why toy companies are powerless to fight it. , Fingerlings, a series of animatronic finger puppets, have a suggested retail price of $14.99, but scalpers on eBay and elsewhere online are charging as much as $1,000 per toy.
Lastly, the group interviews Todd McKinnon and Frederic Kerrest, the founders of identity management company Okta about what it was like to bring the company public.