Corporation: "We made $4B but spent $3.9B so we only owe taxes on $100M." Government: "Totally reasonable." You: "I made $60K but spent $58K on survival." Government: "You owe taxes on $60K." You: "That's not—" Government: "File by May 15."

US corporations have never had more foreign exposure: The proportion of S&P 500 revenue generated abroad is up to a record ~42%. This surpasses the previous peak of ~40% in 2015 and ~39% posted during the 2000 Dot-Com Bubble. This comes despite the unprecedented surge in domestic AI investment, which was expected to make corporate revenue more concentrated in the US. Technology companies are behind most of the surge, with foreign markets now accounting for over 50% of the sector's revenue. Furthermore, the communication services sector generates ~47% of its revenue abroad, up from less than 40% before the 2020 pandemic. The global economy is more connected than ever.

Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion. Read more: Photo: Neil Godwin/Future Publishing via Getty Images