Getty At a tax conference exploring the populist idea of an annual wealth tax, the conversation shifted to the estate tax, which is on the books and hits the rich at death already. Why is that significant? Changes to the estate tax would be an easier way to address wealth inequality; they’re way more likely
Taxes
Credit: Getty Getty A mortgage is a good thing, isn’t it? It allows people to buy homes if they, like so many Americans, can’t make the purchase with cash on hand. And it also gives them a tax break. Jason Lina, lead advisor at the Resource Planning Group in Atlanta, shows that there’s a downside
Share to facebook Share to twitter Share to linkedin “I don’t think that billionaires should exist,” Sanders said in an interview. (Photo by Scott Olson/Getty Images) Getty Images Topline: Senator Bernie Sanders, not looking to be outdone by progressive rival Elizabeth Warren, just released his own plan for a wealth tax on the richest Americans—one
CENTERVILLE, MASSACHUSETTS, 2019/09/01: Beach house, Cape Cod. (Photo by John Greim/LightRocket via Getty Images) LightRocket via Getty Images The wealth tax is having a moment. At least two current Democratic presidential hopefuls have proposed some form of the tax, and just today Sen. Bernie Sanders (I-VT) rolled out his own more detailed version of the
A group of young people are taking selfie in a cafe while having great time (Photo by / Getty) Getty A few weeks ago, at our Cabot Wealth Summit, I introduced my new book, Making Money Buying and Selling Stocks, a nice primer for those new to the investing arena. The book includes a section
States with a Taxpayer Burden are shown in red; states with a Taxpayer Surplus are shown in black. Truth in Accounting, Financial State of the States Forty U.S. states do not have enough money to pay all their bills primarily due to significant unfunded pensions or Other-Post-Employment Benefits (OPEB). Truth in Accounting (TIA), a nonpartisan, not-for-profit
I’ll confess; I don’t understand single-issue voters. Don’t get me wrong, I appreciate how important the right to choose or the 2nd Amendment or a crocodile-infested moat along the southern border may be to some people, but I’d like to think that before anyone steps into a balloting box, they’d have selected a candidate based on
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses how Social Security spousal benefit rates are calculated, when Social Security checks come in the mail, when to file for widow’s benefits, online applications and documenting the application process.
Eight ways to make your net worth and your income look small. Senator Elizabeth Warren (Photo by Scott Olson) Getty Images What a decade it has been! First, the Fed’s asset reflation that made rich people ridiculously rich. Soon to come, the recoil. Political experts may put a low probability on Elizabeth Warren’s getting elected
Is it a good time to jump on the refinancing bandwagon? The Federal Reserve has cut interest rates twice over the past few months and may be heading even lower. Does that automatically mean you should refinance your mortgage? Not so fast. Sure, the trade war with China, slowing manufacturing and job growth are possible