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
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
In this article WMT Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart‘s corporate employees will begin to return to the company’s Arkansas headquarters and other offices across the country in early November, according to a company-wide memo obtained by CNBC. In a
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
MoMo Productions | DigitalVision | Getty Images American life expectancy is trending up — and that creates more financial risk for retirees, who must make their nest eggs last a longer time. An average 65-year-old today will live another 20 years, about six years more than in 1950, according to the Centers for Disease Control
GP: Various champagne bottles are seen on a store shelf. Paul Zinken | Picture Alliance | Getty Images Pop those corks. Champagne sales are surging back to near what they were before the Covid pandemic hampered sales and kept people away from celebrations. The gradual reopening of global bubbly markets is expected to drive sales
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
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
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
Levi Smith grew up on a cattle ranch in central Texas. He started his first business at 11 and since then has been part of the healthcare industry, has practiced law, and also has a degree in marketing and management that ended up being the main thrust of his career path during the past couple
In this article BX Spanx is famous for its form-fitting shapewear. But according to founder Sara Blakely, it’s making a huge push into other categories of apparel — including denim — in hopes of making all clothing more comfortable for women. The business, founded in the late 1990s, is also positioned to keep expanding its
Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell more than 8% in extended trading on Thursday on a weaker-than-expected sales report and after the company blamed an industry-wide component shortage for its PC chip business shrinking 2% during the quarter ending October 2. Intel also warned on Thursday that its
In this article DWAC The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the SPAC that is taking former President Donald Trump‘s planned social media platform public, soared again on Friday following a massive rally in the previous session.
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
The death of a spouse is devastating. There is the obvious sadness experienced due to the loss of a loved one. However, there is also the challenge of losing a life partner who helped you make various important decisions. For years, or perhaps decades, a couple likely worked together to tackle important decisions about their
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
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
A durian’s soft, yellow flesh inside its thorny green husk seen at a shop in Kuala Lumpur, Malaysia. Mohd Rasfan | AFP | Getty Images Some love it, while others loathe it. Durians are banned on all public transportation in Singapore due to their smell — which some have likened to sewage or smelly socks.
In this article SNAP In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. In moving in the opposite