Personal finance
White Property economist Jared Bernstein defends Biden’s billionaire tax outlined in Condition of the Union
A prime White Home economist defended tax proposals aimed at the wealthiest Us residents outlined by President Joe Biden during his second State of the Union deal with Tuesday evening. Jared Bernstein, a member of the White Property Council of Economic Advisors, explained Biden’s tax proposal will concentrate on big businesses and the wealthiest Us […]
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Biden to revisit ‘billionaire minimum tax’ in State of the Union address
President Joe Biden delivers the State of the Union address on March 1, 2022. Win Mcnamee | Getty Images President Joe Biden will again call for a “billionaire minimum tax” during his State of the Union address on Tuesday. While details haven’t been released, Biden previously proposed a billionaire minimum tax in his 2023 federal […]
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Wholesale egg price ranges have ‘collapsed.’ Why people may possibly quickly see relief
Key Factors Egg price ranges rose to file highs in December. A dozen large Quality A eggs experienced extra than doubled in selling price all through 2022, on average. A historic outbreak of chook flu in the U.S. disrupted egg production and offer, economists reported. Wholesale egg rates have fallen by additional than 50% since […]
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Auto insurance is up by more than 15% this year in some states. Here’s how to keep your premium down
Miniseries | E+ | Getty Images As with many line items in your household budget, your auto insurance probably costs more this year than in 2022. How much more? related investing news It depends on a variety of factors, including where you live. Nationally, the average for full coverage — generally defined as liability, collision […]
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When it makes sense to buy extra paper Series I bonds with your tax refund, according to experts
Jetcityimage | Istock | Getty Images If you’re trying to max out the yearly purchase limit for Series I bonds, your tax refund offers an opportunity to buy even more. However, you should consider your goals and weigh alternatives first, experts say. An inflation-protected and nearly risk-free investment, I bonds are currently paying 6.89% annual […]
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35% of millionaires say retirement is ‘going to take a miracle,’ report finds
Why $1 million may not feel like enough The 4% rule is a popular guideline for retirees to determine how much money they can live on each year without fear of running out later. It suggests that retirees can safely withdraw 4% of their investments (adjusted for inflation) each year in retirement. “A million may seem […]
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Amid food inflation, more shoppers turn to dollar stores for groceries
A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price index, an inflation gauge that measures the cost of a broad basket of goods […]
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Auto loan delinquencies are rising. Here’s what to do if you’re struggling with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to […]
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Don’t risk a tax audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway, and there’s been increased scrutiny of the IRS as it starts deploying part of the nearly $80 billion in funding approved for the agency by Congress in August. While Treasury Secretary Janet Yellen has said goals include boosting customer service and improving technology, critics have […]
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IRS about 3 to 5 times more likely to audit Black Americans’ tax returns, study finds
Jeffrey Coolidge | Photodisc | Getty Images Black Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new study. While there isn’t evidence of explicit discrimination from the IRS or its revenue agents, the findings show the disparity stems from a faulty software algorithm […]
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