Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters Responding to political attacks on his wealth and taxes, Elon Musk said his wealth “is not
Month: December 2021
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Stock options gained popularity on Main Street this
Supporters demonstrate in favor of Build Back Better on the Senate Steps of the U.S. Capitol on Dec. 15, 2021. Leigh Vogel | Getty Images As the Build Back Better bill and the new government aid it promised stalls on Capitol Hill, millions of Americans who may have been expecting more help amid the pandemic
Deputy Gov. Dan Hynes, 2019, in a Chicago Tonight appearance (as discussed in a prior article): “We need to look at the funding schedule that was put in place 25 years ago, that at the time thought we would be spending about $4 billion on pensions and now it’s asking us to put $9 billion
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike debate the need for a tax on unvaccinated people in the United States, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: With the omicron variant threatening to plunge the world into another cold COVID winter, some would say it’s finally time
After several years, and a lengthy legal process, a Los Angeles property tied to luxury real estate developer Mohamed Hadid has officially sold for $5 million, according to real estate agents familiar with the deal. Found in Bel-Air, one of the wealthiest pockets of Los Angeles, the 1.2-acre property has been the center of controversy
Teresa Hui, 40, of Brooklyn, wears 2022 numeral glasses and a face mask in Times Square ahead of New Year’s Eve celebrations as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. Andrew Kelly | Reuters New York Mayor Bill de Blasio is weighing whether to impose more
In this article TSLA BABA KMX BB CAT CAMP Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst
Sen. Joe Manchin, D-W.Va., walks outside of the Senate Chamber on Capitol Hill on Dec. 9, 2021. Kent Nishimura | Los Angeles Times | Getty Images The “backdoor Roth” tax strategy used largely by wealthy retirement savers and slated to be killed next year has survived — for now. The loophole lets rich 401(k) and
Maria Teijeiro | OJO Images | Getty Images ‘Tis the season for charitable giving, and retirees eyeing a year-end donation may still score a write-off with transfers from their individual retirement account. Qualified charitable distributions, or QCDs, are direct gifts from an IRA to an eligible charity. Investors age 70½ and older may donate up
As a financial adviser with an 86 year old mother, who I helped deal with her older sister’s affairs in 2015, I’m acutely aware of the women’s retirement crisis. I also always remember listening to Sallie Krawcheck on Morning Joe, in April of that year. Sally highlighted the fact that the face of nursing homes was
Benjamin Alarie with Blue J Legal discusses how technology is influencing and changing the tax field and the future of tax jobs. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: tax jobs of the future, today. Technology is an ever increasingly important aspect of the
Talk about timing. A Hawaii property containing a working Christmas tree farm sold as the calendar counted down to the holiday. Set high in the hillside community of Launiupoko on Maui’s west side, the nearly three-acre spread also contains a bungalow, a barn and an orchard with a variety of fruit trees. The site takes
Testing so far hasn’t been a big part of the U.S. strategy to manage the Covid pandemic, but that’s set to change soon. On Tuesday, the White House the U.S. is purchasing 500 million at-home Covid tests that Americans can order for delivery to their homes for free. Deliveries, however, will not start until January.
Stock futures were muted early Wednesday morning after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant. Dow Jones Industrial Average futures hovered 0.02% higher. S&P 500 futures inched 0.1% lower and Nasdaq 100 futures slipped 0.23%. All three of the major averages rallied in regular trading,
Flights are booked. Bags are packed. To cancel Christmas travel plans seems unfathomable at this point. But for many, so does the speed at which the omicron variant is spreading. The highly transmissible Covid-19 variant — which was first detected in late November but has since been detected in nearly 90 countries — is causing
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar changes to a new year, residents of some states can expect to see a boost to their paychecks. Starting Jan. 1, 2022, several
One of the biggest benefits of self-directed IRAs (SDIRAs) is the ability to diversify your portfolio by investing in alternative assets. These include real estate, precious metals, private equity and more. One alternative asset class that is becoming more popular is private debt. STRATA’s 2021 investor survey report unveiled 13% of investors leveraged private debt
For folks still waiting on the Internal Revenue Service to deliver their special tax refunds for the unemployment compensation tax exclusion for 2020, don’t count on the money for the holidays. The IRS updated its IRS Operations During Covid-19 web page, as of December 20, with a new section showing the status of unemployment compensation
The 2021 housing craze hit new highs as an uptick in listings offered a ray of hope for buyers trying to find a home in a competitive market and lock in low mortgage rates. But like any roller coaster, what goes up, must come down. The seasonally-adjusted number of homes for sale fell 18% year over
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