Month: September 2021

In this article COIN People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase has received notice of a possible enforcement action from the Securities and Exchange Commission related
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State and local government pensions assure workers and retirees that they enjoy the same protections as the comprehensive federal law, ERISA provides to corporate participants. That’s simply not true. Don’t count on state law to protect your retirement security. It has been said that the Law is a blunt instrument, incapable of dealing with all
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Topline The wealthiest Americans are evading hundreds of billions of dollars in taxes each year, the Treasury Department asserted in a report released Wednesday, using the findings to bolster the case for a proposed $80 billion investment to help the Internal Revenue Service improve tax enforcement. Key Facts According to the Treasury’s report, the top
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The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters There’s an important deadline approaching for the self-employed, small business owners, gig economy workers, investors and other filers on Sept. 15. Because income taxes are pay-as-you-go, filers without withholdings
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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 policymakers pushed back Tuesday on expectations they would take aggressive measures to boost economic growth. “China’s monetary policy remains within a normal range,” said Pan
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Phil Roeder Congressional Democrats are considering reforms to the 20% pass-through tax deduction as part of a $3.5 trillion federal spending package. Democrats’ proposal would phase out the tax break for business owners with taxable income exceeding $400,000, according to a discussion list obtained by CNBC. It would also make the tax cut available to
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Mirimus lab scientists preparing to test COVID-19 samples from recovered patients on April 8, 2020 in Brooklyn, New York. Misha Friedman | Getty Images The fast-spreading delta variant remains the “most concerning” coronavirus strain despite the emergence of the mu variant, World Health Organization officials said Tuesday. The mu variant, which was added to the WHO’s
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September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and the notion Covid-19 delta variant cases are likely peaking. “September gives us a chance to
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ANGELA WEISS The head of the U.K.’s financial watchdog singled out an Instagram ad posted by Kim Kardashian, that promoted Ethereum Max, in a speech warning of the risks of “speculative” cryptocurrency tokens.  Charles Randell, chair of the U.K.’s Financial Conduct Authority, said in a speech on Monday that Kardashian had asked her more than
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The Social Security OASI Trust Fund for retirement benefits is projected to be exhausted by 2033, according to the summary of the Annual Social Security and Medicare Trustees Report that was released in August 2021. That’s one year earlier than what was projected in the 2020 trustees report. Does this mean that in 2033, retirees will receive nothing from
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Today’s column addresses questions about whether moving to another state can exempt a person from the Windfall Elimination Provision, when to file for survivor’s benefits while still potentially earning income and when spousal benefits can still be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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