19,000 public school teachers who are members of the Ohio Retired Teachers Association (ORTA) would like to know how their retirement savings are invested by Wall Street money managers selected by the staff of the near-$100 billion State Teachers Retirement System of Ohio. Since February 2021, the state pension has failed to respond to public
Month: November 2021
Every year, it seems like I talk to more people who are getting an additional tax bill thanks in part to the 3.8% Medicare surtax. They often call me after the fact, looking for ways to minimize the sting of this additional tax which they often weren’t even aware of. Proactive tax planning can help
Few American entertainment figures have the stature of Carol Burnett. She has been nominated for countless Emmys, Golden Globes, Tonys and Grammys, winning her share of all of them. She has received the country’s highest accolades, including a Kennedy Center Honor, the Presidential Medal of Freedom, the Mark Twain Prize for American Humor and, in 2019, she
Germaine T. Leftwich, 67, receives a Pfizer covid-19 vaccine booster shot from Dr. Tiffany Taliaferro at the Safeway on Capitol Hill in Washington, D.C., on Monday, October 4, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Pfizer said Tuesday it asked the Food and Drug Administration to authorize booster shots of its Covid-19
In this article AMC The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images AMC Entertainment shares fell more than 5% in extended trading Monday even though the movie theater operator posted a third-quarter loss that was narrower than expected. “Our financial results continue to improve,”
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had a sound rationale for sending funds overseas, according to tax policy experts. “They are casting
A prototype vehicle launches out of the company’s suborbital accelerator during its first test flight on October 22, 2021 at Spaceport America in New Mexico. SpinLaunch SpinLaunch, a start-up that is building an alternative method of launching spacecraft to orbit, last month conducted the successful first test flight of a prototype in New Mexico. The
skynesher | E+ | Getty Images It’s no secret that there is a gender pay gap in the U.S. Women earned just 84% of what men made in 2020, according to the Pew Research Center. Consequently, it would take female workers an extra 42 days to make the same income men did that year. Now,
Today’s Social Security column addresses questions about whether you can be eligible for later spousal benefits if you take early retirement benefits, working while receiving disability benefits and whether a parent’s widow’s benefit is set at the correct amount. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Professor Goldburn P. Maynard Jr. of the Indiana University Kelley School of Business discusses the U.S. tax code’s effect on wealth inequality and how race has shaped the distribution of wealth. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Meet Beverly Hills luxury agent Gary Gold, who sells 24-karat gold properties, including The Playboy Mansion and Hearst Estate. Gold, an agent for almost 30 years with Beverly Hills-based Hilton & Hyland, is known for his record-breaking sales on several of the most expensive ultra-luxury estates anywhere. “There has never been a market like this before. In 2016, when The Playboy
In this article GE U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off the health-care unit by early 2023 and the energy
In this article RBLX The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of video-game company Roblox soared as much as 35% in extended trading on Monday after the company reported third-quarter results that impressed analysts. Here’s how
Investors may see a satisfying ending to 2021. According to Canaccord Genuity’s Tony Dwyer, extreme optimism and strong historical trends should offset overbought conditions in the market. The result: A record finish. “The internals of the market are still pretty sound,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. The Dow, S&P
lisegagne | E+ | Getty Images Time is running out for families to sign up to receive the enhanced child tax credit and get money through the benefit this year. That’s because the site GetCTC.org will only be available through Nov. 15. The site, developed by Code for America and the Treasury Department, is for
Across the country one of the hardest appointments for the wealthy to get this past summer wasn’t reservations at a hot restaurant or seats for a sporting event. Rather the most sought-after appointment was one with their estate and tax attorney. The reason is quite simple: the current version of estate tax law was about to be
Over the last 10 years, Austin was the fastest-growing big city in the country; the population grew by a third, almost 600 thousand people. That level of growth continued in the last three years: 9% – mainly people moving from other parts of Texas but many from the West Coast and the Northeast; rents increased
A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters A federal judge in Texas on Monday ruled that United Airlines‘ employee vaccine policy can proceed. The Chicago-based airline has one of the strictest employee vaccine policies in the country. In
In this article PYPL The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal reported revenue growth for the third quarter of 13% on Monday and said it’s teaming up with Amazon to let U.S. customers pay with Venmo at checkout, starting in 2022. The shares
People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING — Worries about Chinese real estate developers’ high debt levels have rattled investors despite signs that
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