Business

Wednesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

Taxes

Indiana is toward the bottom of states when it comes to lifetime taxes.

Self.Inc says an Indiana resident will pay $36,000 in taxes in their life, 26% of earnings.

New Jersey residents pay the most, almost half of all lifetime earnings to taxes.

Verizon

The emergency broadband benefit or EBB is the largest federal program ever to help people to afford internet access, the EBB can cut $50 off monthly internet bill and is available to tens of million of Americans hit economically by the coronavirus pandemic.

The Seattle Times says Verizon has told some customers the EBB can’t be used on “old” data plans, so they’ll have to switch.

A Verizon spokesman said the company makes it clear on its site that EBB can be used on only “qualifying plans.”

Lipstick

Mask mandates during the pandemic made it challenging to wear lipstick or lip gloss.

But with the new CDC guidelines, the beauty industry is expecting a lift in lipstick sales.

In the spring of 2020, Amazon saw sales of lipstick fall by 15%.

However, sales of eye makeup surged 204% year-over-year from April to June 2020, data analytics firm Kantar found.

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