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Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss envy and what it might mean for tax policy, all in five minutes.  This transcript has been edited for length and clarity. Joseph J. Thorndike: Hi, I’m Joe Thorndike, here today with my Tax Notes colleague, Bob Goulder. We want to talk about envy and what it might
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NBA legend Shaquille O’Neal has sold his lavish lakefront property in Windermere, Florida for $11 million. Situated on three acres overlooking tranquil Lake Butler, the custom home sits behind the gates of Isleworth, a prestigious private golf club community. Upon arrival through the estate’s dramatic arched porte cochere, a world of luxury awaits. Encompassing over
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AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that
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XiFotos | E+ | Getty Images After the Social Security Administration announced a record-high cost-of-living adjustment for 2022, many beneficiaries are asking, “How much bigger will my monthly checks be?” People who receive Social Security or Supplemental Security Income, or SSI, benefits will get a 5.9% boost to their payments next year. That is that
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Restarting a significant literary career that’s 13 books long is hard at any age. Doing so after an eight-year gap, at 91, is especially inspiring. Then add your husband dying from Covid-19 while you survived, plus a famous, witty novelist daughter (author of nine books including “The Wife” and “The Female Persuasion”). And there you
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There are many options for student loan forgiveness and discharge, but each has different eligibility restrictions and a different application process. Learn how to apply for student loan forgiveness. Student loan forgiveness and discharge options include: Public Service Loan Forgiveness Teacher Loan Forgiveness Loan Forgiveness for Volunteering Total and Permanent Disability Discharge Death Discharge Closed
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Most Americans see college as excessively expensive, but it wasn’t always that way. Over the last decade, the cost of attending a four-year public college or university has grown significantly faster than income. Deep cuts in state funding for higher education contributed to substantial tuition increases and pushed more of the costs of college onto students, according
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Discussion of tax and nonfungible tokens (NFTs) usually focuses on gain income. Analysis of expense deductions, charitable contributions, and worthlessness are less common. As the market for NFTs swells, so will the relevance of those topics. An NFT is a unique data unit stored on a digital ledger that can be sold or traded. Most
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Nearly 50 million workers switched last year from an office environment to work-from-home (WFH), allowing large parts of the U.S. economy to continue functioning despite social distancing requirements during the pandemic. As other sectors began to recover from the shutdowns last year, however, large numbers of workers remained at home, causing some concerns about possible
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