Getty It used to be that everyone got Social Security retirement benefits at age 65. Then Congress tinkered with the system, first in 1956, and again in 1983, so retirees could claim benefits at an earlier age or at a later age. Early claimers (as young as age 60) get smaller monthly payouts and late
Taxes
Share to facebook Share to twitter Share to linkedin Some items aren’t as cheap as you may think. Bebeto Matthews/ASSOCIATED PRESS Topline: With the holiday shopping season right around the corner, millions will be out in force searching for deals beginning Friday, November 22, on Black Friday (November 29) and Cyber Monday (December 2), but
Share to facebook Share to twitter Share to linkedin Getty In a year-end gift for the ultra-high net worth, the Internal Revenue Service today issued final rules confirming there’s no clawback for huge wealth transfers made under the Trump tax law. The new rules don’t include any big surprises; they follow proposed rules issued a
Economic Security Planning, Inc. Today’s column addresses potential downsides of filing early to allow auxiliary benefits to be claimed on your record, public pensions and survivor’s benefits, eligibility for divorced spousal benefits, foreign pensions and suspicious calls claiming to be from Social Security. Larry Kotlikoff is a Professor of Economics at Boston University and the
Share to facebook Share to twitter Share to linkedin More bad news for the embattled office-sharing startup. Scott Olson/Getty Images Topline: Troubled office-space startup WeWork is facing more bad news, with the company announcing today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
Getty You’ve heard about the wealth tax proposed by presidential hopeful Sen. Elizabeth Warren, D-Mass. Her wealth tax would target high-net-worth individuals and is intended to address income inequality. But do you know about the other version of a wealth tax that’s getting some buzz? In a recent article in Tax Notes Federal, Dan Palmon and Jay Soled,
Hey, you know that really annoying Cher song? No, not “I Got You Babe,” the other one. No, no…not “Believe,” the really annoying one. C’mon…you know the one I’m talking abo….yes! “If I Could Turn Back Time,” that’s the one! That song came on the radio the other day, and I got to thinking, “Man,
Share to facebook Share to twitter Share to linkedin Despite Republicans’ opposition to cannabis, 11 states and the District of Columbia have legalized … [+] marijuana for recreational usage, while medical marijuana is legal in 33 states plus D.C. Photo by Andrew Lichtenstein/Corbis via Getty Images Topline: A Congressional committee approved a landmark bill Wednesday
A miniature house on a pile of coins in front of a linear graph. The concept of a relationship … [+] between rising house prices and the gap between the rich and poor. Getty Gabriel Zucman, a professor of economics at the University of California, Berkeley, discusses wealth and inequality in America with Tax Notes contributing editor