In an interview for "CloseUP" that will air Sunday, Bolduc stood by his support for a Fair Tax. Prior versions of Fair Tax legislation proposed abolishing the IRS and eliminating a long list of federal taxes, including income and payroll taxes, and replacing them with a national consumption tax.
‘We’re headed for a family feud’: My father offered his 3 kids equal monetary gifts. My siblings took cash. I took stock. It’s soared in value — now they’re crying foul
‘Both are insistent that I'm taking money that is morally theirs. There's no changing their mind.’
The IRS says its 87,000 new hires could help collect as much as $1 trillion — by forcing tax cheats to pay up. But will more 'fire-breathing dragons' really do the trick?
And Biden has set his sights on the top 1%.
The swiftness with which the coronavirus pandemic wiped out the U.S. economy in early 2020 was breathtaking. Seemingly overnight, the U.S. unemployment rate shot up to an all-time record of 14.7% in...
- Motley Fool
This Is How Much Money You're Actually Supposed to Keep in Your Checking Account, and It May Surprise You
Believe it or not, there's such a thing as having too much money in your checking account. This piece is for you if you're unsure whether you're keeping enough or too much cash in your primary bank account. Many people have multiple bank accounts.
- Business Insider
A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won't be enough to prevent an earnings recession, Morgan Stanley says
Global US dollar liquidity is now in the "danger zone where bad stuff happens," Morgan Stanley's Mike Wilson said.
Couple privilege: The wealth gap between single and married Americans has more than doubled in the last decade — how do you get ahead when you're at a 'notable disadvantage'?
An expert thinks the rising value of assets, like homes, could “balloon this gap even further”.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank.
In 2019, 35.7 million people relied on the Supplemental Nutrition Assistance Program (SNAP) to eat, according to the Annie E. Casey Foundation, but enrollment had been steadily declining since 2013....
As the year winds toward its close, it’s time once again to engage in the age-old practice of picking out the changes that lie waiting in the year ahead. Wall Street’s stock pros are hardly immune from this; every year, they tag their top picks from the equity markets for the calendar change, and this year is no exception. The analysts are looking ahead toward the post-New Year market landscape, and picking out potential winners for investors to consider. We've opened up the database at TipRanks
My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?
'I don’t feel that we can or should afford to pay 45% of our take home income towards housing when we have a baby on the way.'
- Business Insider
Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get.
"There's going to be a coast-to-coast downturn in the housing market. It's going to be brutal. No part of the market is immune," a Moody's economist said.
One often-overlooked aspect of retirement planning is the effect of taxes. Without proper planning, taxes can take a significant bite out of your nest egg. Explore: GOBankingRates' Best Credit Cards...
- Motley Fool
Cathie Wood remains optimistic. Her ARK Invest exchange-traded funds (ETFs) have continued to scoop up stocks during the steep downturn this year. But she's apparently not optimistic about all of her ARK holdings.
Customers who trusted FTX’s platform are likely at the back of the queue for receiving whatever assets a bankruptcy judge can extract from the company.
With the price of food continuing to rise, at least consumers are seeing relief in one spending category: The price of used cars is dropping in line with rising interest rates and decreased consumer...
‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’s Robert Kiyosaki: ‘God have mercy on us all’
'Rich Dad, Poor Dad' Robert Kiyosaki sees more pain ahead for the global economy, even as some investors are wondering if the bottom is in for U.S. stocks.
Government stimulus packages enacted during the COVID-19 pandemic provided financial relief to about 165 million Americans, but many still haven't received their payments -- and time is running out to...
The Biden administration on Wednesday extended a pause on student loan payments, yet borrowers should prepare for the eventual resumption of payments by saving the amount they would otherwise owe, experts advise. In August, the Biden administration announced a plan to forgive up to $10,000 in federal loans for low-and-middle-income borrowers without Pell grants, and up to $20,000 for borrowers with Pell grants. The student loan payment pause was set to expire on Dec. 31.
Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like DCP Midstream (DCP), The Williams Companies (WMB) and MPLX LP (MPLX).
- Simply Wall St.
Insiders rewarded with a US$997k addition on top of their US$5.5m purchase as General Electric Company (NYSE:GE) hits US$96b
General Electric Company ( NYSE:GE ) insiders who bought shares over the past year were rewarded handsomely last week...