As the US continues struggling with Covid-19 and economic recovery, debate is growing about the revival of “industrial policy”—government -led efforts to favor certain industries over others, in contradiction to market fundamentalist approaches. An important new forum in the Boston Review takes on these issues and is well worth your attention. For our future prosperity, these issues are more
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The past 18-month stretch has been challenging with health, social, and financial turmoil seeming to come daily. As many are looking forward to the future, they are also excited to finalize their 2020 individual federal income tax filings by October 15th and put 2020 in the rear-view window. But before any 2020 individual income tax returns
The proposed tax legislation coming out of House Ways and Means addresses a long running dispute between sponsors of low income housing tax credit deals and investors. The legislation favors the sponsors. To understand the issue I need to briefly explain how the credit works. Overview Of The Credit The owner of the building, typically a partnership,
Jordan Bass of the firm Taxing Cryptocurrency discusses the proposed cryptocurrency tax changes that Congress is considering and how they could affect taxpayers and the digital asset industry. This transcript has been edited for length and clarity. Marie Sapirie: Thank you, Jordan, for joining me today to discuss the rapidly changing tax rules and in particular,
Helping people to save more for retirement is a popular idea in Congress these days. But this episode of What’s Ahead warns that a big change that just cleared a critical committee in the House of Representatives would do far more harm than good. Moreover, it would be an administrative nightmare. The proposal would force
When you are planning for a retirement income you can’t outlive, you must not forget about taxes. How much you will owe in taxes during your retirement years will depend on a combination of how your retirement income is generated and the dollar amount of your retirement income stream. Sadly, many pre-retirees forget about taxes
Today’s column addresses questions about whether it would be good to wait till January to file ensure all current earnings are used to determine benefit amounts, requesting an Administrative Law Judge hearing and the availability of larger childhood disability benefits (CDBs) when the higher earner files. Larry Kotlikoff is a Professor of Economics at Boston
Thanks to historic investment returns over the last year, state public pension plans are in their best shape since the Great Recession. After state pension debt grew to more than $1.4 trillion last year, two new reports estimate that gap between the total amount states have promised to retirees and what they’ve actually set aside
Welcome to Fall. The season where, predicably, the weather gets cooler, the leaves change color, and Congress puts on its annual fiscal crisis. This year, we all get to watch a quadruple-header: Will Congress pass a $1 trillion—or perhaps $552 billion— infrastructure bill? Will Congress approve a massive social spending bill including major tax increases
After around 12 months of significant upheaval, organizations trading in goods are taking a period of reflection to assess how well their post-Brexit international supply chains have been working. Others have carried out exercises to address any gaps that may have appeared with their VAT and Customs Duty compliance obligations. This article focuses on several
Piquet Realty Founder and President. Skydiver, Ironman Triathlete, JiuJitsu Fighter and Race Car Driver on the weekends. Record-low mortgage rates have created a snowball effect where millions have jumped at the opportunity to own a home. Sellers are still taking advantage of the rising market, cashing out their profits. But with so many buyers, inventory is
Eugene is the Founder of The Litvak Team @ Compass — one of the top producing and largest teams at Compass. If you’ve been paying attention to real estate headlines lately, you know that the New York City market is on fire. In the 15 years or so that I’ve been in the business, I’ve never
A spring break hotspot for decades in the 20th Century, Fort Lauderdale, Fla. has over the past 20 years matured into a city better known for luring corporate campuses than college kids. “What once was considered a vacation-only destination, Fort Lauderdale is thriving and poised to continue attracting high-profile businesses, an emerging talent pool and
The American Institute of Architect’s latest Home Design Trends Survey of its professional members shows the powerful impact the pandemic continues to have on our living spaces, compounded by other natural disasters. Released September 22, this quarterly study showed a sharp uptick in demand for outdoor improvements, multiple home offices, exercise spaces, and safety features
Home price have surged in most markets across the country. What should investors do? The problem with giving a good answer is that there aren’t any good reasons why prices are higher. It’s a pandemic phenomenon that’s unrelated to ordinary economic factors – and therefore we don’t know how it will develop. One thing we
Real estate financing often includes something more than an ordinary mortgage loan. A borrower often obtains additional funds through a separate mezzanine loan, secured by a pledge of ownership interests in the entity that owns the mortgaged real estate. Because those ownership interests are not real estate, the lender’s rights are governed by the Uniform
Amid the chaos surrounding concerns about debt payments by China’s property developer Evergrande Group, it’s good to be the chairman. Although Evergrande Group’s 80% stock decline so far this year has made a dent in its billionaire founder and chairman’s fortune, Hui Ka Yan will remain extraordinarily wealthy even if the company collapses under the
Buried in a 10-page report from Moody’s Analytics detailing the catastrophic economic impact if Congress fails to raise the debt ceiling – for starters, a U.S. default could wipe out 6 million jobs and $15 trillion in wealth – is a line about the mortgage market and home loan rates. “Treasury yields, mortgage rates, and
Bungalow 5 is one of the top furniture brands that isn’t on the tip of everyone’s tongue. That’s because it is one of the few that has chosen not to sell directly to consumers. Still, Bungalow 5 has been incredibly successful, celebrating twenty years of business in 2021. While this is a different approach to
With ocean views and a blanket of greenery surrounding it, one might think this custom compound is set on the North Shore of Kauai. In actuality, the $29.95-million estate is across the Pacific—nestled among 140 acres of organic avocado groves in Somis, California, a quiet community located halfway between Beverly Hills and Santa Barbara. Built