A new public opinion survey shows broad bipartisan backing for more public support for long-term care, especially at home, even as congressional Republicans appear to be lining up against the idea. According a new survey by The Associated Press-NORC Center for Public Affairs Research, 63 percent of respondents say government should support programs to help
Month: May 2021
If you live in California and own some low basis stock (i.e. stock that cost you next to nothing), you may have the opportunity to make money by being charitable. If the president’s tax proposal included in the American Families Plan (AFP) legislation is enacted and you are selling low basis stock, you would end
In this article GPS AEO RL SWK VFC PVH WHR LOW COST WMT BRK.A CNBC’s Jim Cramer on Monday rejected Warren Buffett’s assertion that Wall Street’s new retail investors stay away from individual stock picking in favor of investing in index funds. “I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed.
Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax.
Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than they did during the Great Recession, according to recent research from the Center for Retirement
Tetra Images | Getty Images Tax refunds on 2020 unemployment benefits are slated to start this month. But some taxpayers — namely, single filers — will get the money sooner than others. It may be summer before other groups, such as married couples and those with complex tax returns, get their refunds, according to the
In real estate, it’s always tempting to count your chickens before they hatch. When you’re halfway toward closing on a house, or even three quarters of the way there, you almost start thinking of the buying process as a done deal. Then complications may begin to arise, and they could even compound on one another
President Joe Biden greets workers during a visit at W.S. Jenks & Son hardware store in Washington, D.C., U.S., on Tuesday, March 9, 2021. Yuri Gripas | Bloomberg | Getty Images Small business owners across the U.S. are more confident, but just barely, as fears about price inflation, hiring costs, tax hikes and partisan politics
One third of adults over 65 still have never used the internet, and half don’t even have internet access at home. In San Francisco, “the epicenter of tech,” 40% of older adults do not have basic digital literacy skills. Today, millions are disconnected to culture, but also opportunity. Before we can worry about the intricacies
How do you know whether a tax has been a success or a failure? It’s a question we seldom ask. Most of us rarely think about taxes as possessing these attributes. Our professional interests revolve around other matters, such as the details of a tax’s enactment, implementation, enforcement, and compliance — plus minimizing the tax’s
Phil Murphy, New Jersey’s governor, speaks at a news conference after touring the New Jersey Convention and Exposition Center Covid-19 vaccination site in Edison, New Jersey, Jan. 15, 2021. Mark Kauzlarich | Bloomberg | Getty Images New Jersey Gov. Phil Murphy on Monday announced a new bid to boost coronavirus vaccinations: Receive your first dose
Pavlo Gonchar | LightRocket | Getty Images Robinhood raked in a record amount of revenue from customer trades in the first quarter of 2021, as the retail trading juggernaut nears its public debut. The millennial-favored stock-trading app collected $331 million in payment for order flow – the money brokerage firms receive for directing clients’ trades
Warren Buffett finally has an official successor at Berkshire Hathaway. On Monday, the 90-year-old investing icon put to rest years of speculation over who would eventually take the reins from him at Berkshire when he confirmed that Gregory Abel, 59, currently a vice chairman of the $640 billion company, is next in line to be
House Ways and Means Committee Chairman Richard Neal. Matt Stone | Boston Herald | Getty Images The House Ways and Means Committee is poised to consider a bill on Wednesday that would make changes to how U.S. workers save for retirement. The measure, known as the Securing a Strong Retirement Act of 2021, comes less
Image Source | Getty Images The wealthiest Americans may soon face a slew of tax hikes. President Joe Biden wants to raise taxes on single filers likely with income over $452,700 and couples earning more than $509,300. But the plan may wind up penalizing some higher-earning married couples. The marriage penalty “It’s not the first
No one was cool like Steve McQueen. It stands to reason that the legendary actor owned a Malibu beach house back in the day; like riding a motorcycle away from Nazis or driving a green Mustang hell-bent-for-leather over the vertiginous streets of San Francisco, he set the standard for how to do it with utter
In this article ITPC Getty Images Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax plan aims to help cover the $1.8 trillion American Families Plan, which pumps money into child care, paid
Frustrated that savvy rich people will hide from the White House’s newly proposed tax hikes last week and sock it away into Bitcoin? Don’t worry. They can’t. And neither can the rest of us. If you’re selling Bitcoin for dollars, especially on a U.S. exchange, Uncle Sam will find out about it. President Joe Biden
A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images Chase Weldon spent weeks researching new SUVs to get for his family. To his surprise, he spent even longer attempting to purchase one. Dealer lots were scarce and salespeople, who can sometimes