In late March, thirteen states filed a lawsuit to fight what they claim is “a complete take-over of state finances” by the federal government, “one of the most egregious power grabs by the federal government in the history of the United States.” They want to use federal Covid-19 relief money to cut state taxes, which would continue
Month: April 2021
Just before a power lunch at Sant Ambroeus in Palm Beach, real estate billionaire Jeff Greene picks up the phone to discuss the past year’s “huge migration” to Southern Florida. “People have realized that they can get a much higher quality life and still make the same amount of income,” he says. “I’ll see more
One in five Americans are fully vaccinated, according to the latest data published on the Centers for Disease Control and Prevention’s website Thursday afternoon. A third of the population has received at least one dose of a Covid-19 vaccine. The U.S. is currently administering a seven-day average of 3 million vaccine doses per day, as
The “Fearless Girl” sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York, February 1, 2021. Brendan McDermid | Reuters BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks for American investors with exposure to China are only going to rise, according to a
Prince Philip, Duke of Edinburgh, in 2015. Matt Dunham | WPA Pool | Getty Images LONDON — Prince Philip, the Greece-born royal who as the husband of Queen Elizabeth II was the longest-serving consort to a British sovereign, died Friday. He was 99. “His Royal Highness passed away peacefully this morning at Windsor Castle,” the
New York Governor Andrew Cuomo speaks at Rochdale Village Community Center in Queens, New York, on April 5, 2021. Brendan McDermid | AFP | Getty Images The highest-earning New Yorkers are about to be hit with a tax hike. The New York state Senate and Assembly late Wednesday passed a $212 billion budget proposal after
For decades, the conservative story of trickle-down economics—including, particularly tax cuts for the wealthy and corporations, cutting funding for the common good, and deregulation to promote corporate profits at the expense of workers—, was all the rage. Supposedly, it would create much faster growth. Yet massive inequality amid sluggish growth has proven this argument wrong.
Non-employee platform-based work seems like a sufficiently distinct phenomenon to require changes to either tax forms or the tax code to accommodate the new work arrangements that have arisen over the past decade or so, but the only truly novel element in platform work might be the online platform. The IRS maintains that platform work
Mortgage rates finally stopped their upward climb — at least temporarily. According to the latest data from Freddie Mac, mortgage rates dropped over the last week, falling from 3.18% to 3.13% on 30-year, fixed-rate loans. It’s the first time in two months that rates have dropped. “After moving up for seven consecutive weeks, mortgage rates
A health worker prepares to do tests for Covid-19 coronavirus outside a makeshift clinic in a sports stadium in Port Moresby on April 1, 2021. Gorethy Kenneth | AFP | Getty Images Misinformation on social media is hindering Papua New Guinea’s vaccination efforts. Many people are hesitant about inoculation due to false information being spread
U.S. stock futures moved higher in overnight trading on Thursday after the S&P 500 notched a fresh record in the regular session. Dow futures rose about 50 points. S&P 500 futures gained 0.2% and Nasdaq 100 futures rose 0.17%. The major averages rose on Thursday, bolstered by gains in technology stocks. The Dow Jones Industrial
The Sueiros had it all — great careers, a community of friends and kids enrolled in a top-notch international school in Boston. Will was a corporate accountant, and Jessica ran a graphic design business from home. Life was “comfortable, uneventful and routine,” said Jessica Sueiro. “Life was good” for the Sueiro family before they began
Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary policies. “It isn’t until the Fed leans really hard then you have to worry. I mean,
antongvozdikov / 500px | 500Px Plus | Getty Images Some newlyweds get an unwelcome gift from the IRS: a bigger tax bill. While many couples end up paying less in taxes after tying the knot, some face a “marriage penalty” — that is, they end up paying more in taxes than if they had remained
By Beau Henderson, Next Avenue If the idea of starting a business after 50 — perhaps a part-time one in retirement — seems overwhelming, you’re not alone. You might want to consider launching through a successful franchise operation, where you can follow in the footsteps of others who’ve done so already. Eric and Pam Knauss launched
Finally the syndicated conservation easement (SCE) empire strikes back. Battered in Tax Court by the IRS, hounded by the Department of Justice seeking criminal charges and injunctions and beleaguered by class action attorneys SCE appraisers are fighting back with a class action lawsuit against the Internal Revenue Service and the Treasury along with some individually named IRS
Joseph is CEO of TenantCloud, a cloud-based property management solution that helps landlords maximize revenue from rental properties. As the pandemic continues, so too does economic hardship. One year after the national stay-at-home orders that left the entire country bunkered in their homes, our nation is in a housing crisis as many Americans are in danger
In this article DIS Rendering of Disney California Adventure’s upcoming Marvel-themed land named Avengers Campus during a media preview at the D23 Expo in Anaheim, CA, on Thursday, Aug. 22, 2019. MediaNews Group | Getty Images New superhero recruits will be able to experience Disneyland’s Avenger Campus on June 4, Disney said during a theme
In this article LEVI An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Levi Strauss & Co. on Thursday reported a double-digit sales decline for its fiscal first quarter, as ongoing
A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the depth and severity of the Covid downturn. Yet claims for unemployment benefits persist at rates
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