Biden is proposing to increase the highest long-term capital gains tax rate from 20% to 39.6% for those who make over 1 million dollars of income. This tax hike would negatively impact crypto whales who are sitting on large amounts of unrealized gains. How Are Cryptocurrency Capital Gains Taxed Currently? Capital gains tax is
Month: April 2021
CoreLogic Deputy Chief Economist Selma Hepp, Selma Hepp The real estate markets in Northern and Southern California have never been hotter. Multiple offers and bidding wars define them. Compass West President Kamini Lane and Selma Hepp Executive, Research & Insights, and Deputy Chief Economist at CoreLogic (the Irvine-based data analytics company) lend their insights and
Summertime in the United States could return to a pre-Covid-19 normal if 75% to 80% of the U.S. population is vaccinated, Dr. Peter Hotez said Friday. “We can vaccinate our way out of this epidemic if all the adults and adolescents get vaccinated by summer. We can have an extraordinary quality of life, with going
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even hinting at policy changes
Imagine walking into a nightclub with your favorite DJ playing the latest hits. You take out your phone to swipe and show off a masterpiece in your pocket: the latest NFT in your collection. Music entrepreneur and superstar DJ Steve Aoki says that’s what’s in store in the not-so-distant future: digital works of art that
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room of the White House in Washington, DC. Brendan Smialowski | AFP | Getty Images Energy Secretary Jennifer Granholm on Friday emphasized the need for the world to come together in an effort to tackle climate
A 400-kilowatt Tesla solar power plant supplies 95% of energy at the Xigera Safari Lodge, a Red Carnation Hotel Collection property in Botswana’s Okavango Delta. The Travel Corporation The Travel Corporation, which owns and operates 40 travel brands — including guided vacation companies, hotels and transportation providers — has announced a five-step Climate Action Plan
A son hugs his mother as a concessions worker hands over napkins and soda inside the AMC movie theater at the Westfield Century City shopping mall in Los Angeles, California, on Monday, March 15, 2021. Bing Guan | Bloomberg | Getty Images The Small Business Administration announced Friday that it will reopen an application portal
By Richard Eisenberg, Next Avenue After living with the Covid-19 pandemic for a year, are Americans feeling less confident about their ability to live comfortably throughout retirement? The new Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey has the answer: No (by and large). In fact, the nonpartisan group’s survey found, retirees and workers overall are more
Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax (SALT) deduction, according to new estimates by the Tax Policy Center. Seventy percent of the benefit would go to those making $500,000 or more. At the same time, 96 percent
With one too many homes and one of Hollywood’s busiest schedules, high-profile celebrity power couple John Legend and Chrissy Teigen have cut the price of their Beverly Hills mansion that was listed last summer for $23.95 million. The home is now on the market for $17.95 million. The couple spent considerable time and money creating a
In this article KMX HD DAL DG LOW KO A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong
In this article MAT Mattel Inc. Barbie brand dolls are displayed for sale at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. A PWC survey shows that 36% of consumers surveyed plan to shop on Black Friday. Deals will ultimately dictate where spending and visits go. Bloomberg | Bloomberg |
A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen. Thodex, a crypto firm based in Turkey, said its platform
Melissa Jean-Baptiste, 32, a first-generation American now living in New York City, did what many people do after graduating college: She made the monthly payment on her student loan debt without thinking much about it. “I said, ‘OK, well, pay your bills. Do what you’re supposed to do. And that’s the proper way to adult,'”
SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human
The Good Brigade | DigitalVision | Getty Images Confidence in Social Security and Medicare hit all-time highs among both workers and retirees, a sentiment somewhat defiant of a Covid pandemic that ravaged the U.S. economy and household finances of many Americans. About 72% of retirees and 53% of workers are somewhat or very confident that
A Social Security Administration office in San Francisco. Getty Images It’s no secret the funds Social Security uses to pay benefits are running low. New proposals on Capitol Hill aim to fix the program’s solvency. Just how dramatic those changes will need to be depends on how soon changes are put through. Likewise, people who
A power of attorney (POA) is essential to every estate plan. Under the POA an agent (or more than one agent) is appointed to act on the principal’s behalf when he or she isn’t able to. The agent can pay bills, manage assets, and perform other essential tasks for the principal. At some point, many
For many organizations trading in goods, the end of this month could mark the end of the second phase of Brexit and the start of a next. In this third phase, organizations are likely to want to take the time to review how effective their import and export movements have been so far and to
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