How AI And Other Tech Could Wreck The Federal Tax System [Forbes]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: Forbes
Muskian hyperbole aside, AI and related technologies such as robots and quantum computing could have a profound effect on human labor. And if machines broadly replace workers, as Musk and many others believe, this transformation poses an existential threat to the US tax system, which is largely built on taxing labor income. Depending on how you count, between 65% and 83% of federal tax revenue is collected on wages and salaries. To the degree that tech replaces workers, taxes on labor income may decline. And, with the federal government running a nearly $2 trillion annual budget deficit, losing even fraction of those labor-related tax revenues would be a fiscal disaster. Payroll Taxes The largest share of labor-related tax is the payroll tax that supports Social Security and some of Medicare. Even if current revenues don't fall, Social Security and Medicare's Part A hospital insurance trust fund both face insolvency in eight years or less. To the degree tech replaces workers
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- Leon Stok of IBM Elected Chair of Silicon Integration Initiative Board [Yahoo! Finance]Yahoo! Finance
- The CEO of IBM think you shouldn't bet against Nvidia's ability to 'disrupt' itself [Yahoo! Finance]Yahoo! Finance
- US FAA picks Peraton to oversee air traffic control reform effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- 10 AI Predictions For 2026: Top Experts Share New Trends [Forbes]Forbes
- International Business Machines Corporation (IBM): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
IBM
Earnings
- 10/22/25 - Beat
IBM
Sec Filings
- 11/14/25 - Form 4
- 11/7/25 - Form 4
- 11/7/25 - Form 25-NSE
- IBM's page on the SEC website