Wealth
Biden pushed a billionaire minimum tax – here’s what Elon Musk would pay
Elon Musk attends the 2022 Met Gala at the Metropolitan Museum of Art. Angela Weiss | AFP | Getty Images President Joe Biden drew loud cheers during his State of the Union address Tuesday night when he proposed a new tax on the rich. “Pass my proposal for a billionaire minimum tax,” Biden told Congress. […]
Read More
These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division […]
Read More
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 […]
Read More
The next ‘White Lotus’ is envisioned to be filmed in one of these places in Asia
When the HBO black comedy “The White Lotus” premiered in the summer months of 2021, it took viewers to Hawaii’s sunny Maui. It was a beautifully timed pandemic escape total of intrigue, satire, sexual intercourse and bloodshed. The second year featured a mainly new solid — save for Jennifer Coolidge and her character’s quietly sinister […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Monthly bill Gates states Elon Musk’s ambition to colonize Mars is not a good use of money
SpaceX CEO Elon Musk speaks in the course of the 67th Worldwide Astronautical Congress in Guadalajara, Mexico. Susana Gonzalez | Bloomberg | Getty Pictures Bill Gates questioned whether or not Elon Musk’s present priorities would make him a good philanthropist, getting difficulty with his fellow billionaire’s ambition to send out persons to Mars. In an […]
Read More
Hong Kong will give absent fifty percent a million plane tickets. Here’s who can get them initially
Hong Kong’s new world advertising marketing campaign will “kickstart” the city’s reopening to global travelers, the Hong Kong Tourism Board advised CNBC’s “Squawk Box Asia” on Friday. As portion of the “Hi there Hong Kong” campaign, which was launched on Thursday, 500,000 air tickets will be presented away above the subsequent 6 months, starting in […]
Read More
Ferrari’s gains bounce 13% in 2022, supercar maker expects an even much better calendar year in 2023
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long expression system, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday claimed total-calendar year gain up 13% 12 months more than year and guided to an even more powerful year in 2023 on what its CEO […]
Read More