- Yahoo Finance
A provision in the House Ways and Means Committee's recently passed $2.1 trillion package would eliminate the backdoor Roth and mega backdoor Roth IRA conversions.
Billionaires’ income taxes are a tiny fraction of what they make, White House says. Here’s their average tax rate
Rich families were moving fast to report capital gains in their 2020 tax returns ahead of potential rate increases proposed by Democrats.
Bloomberg News reported Thursday that Commerce Secretary Gina Raimondo said the Cold War-era law is under consideration as a means of forcing better transparency from companies, to ease production bottlenecks and identify potential hoarding of chips.
Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief may assuage what critics see as a weak point in his leadership. At a press conference on Wednesday following the Fed's latest meeting at which policymakers kept interest rates near zero as the U.S. economy continues to heal from the COVID-19 pandemic, Powell was unequivocal when asked how much he would defer to a new vice chair for supervision expected to be named this fall to oversee bank regulation. That viewpoint could offer President Joe Biden an opening to pursue a package deal in which Powell, a Republican, remains chair and current Fed Governor Lael Brainard, a Democrat and potential rival for the leadership who is favored by some progressives, takes over as the Fed's regulation czar when the slot opens up at the end of October.
Every president since George W. Bush has vowed to eliminate the tax break that allows compensation to be taxed at the lower capital-gains rate, yet carried interest continues.
- Motley Fool
The House of Representatives will vote on a bill this week that could be a game-changer in terms of how cannabis companies do business in the U.S.
(Bloomberg) -- The Biden administration is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory and sales of chips, Commerce Secretary Gina Raimondo said Thursday.Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc d
- Motley Fool
Axsome Therapeutics (NASDAQ: AXSM) is close to earning approval for a new depression drug that could generate billions in annual revenues. Unfortunately, the proposed action date for the Food and Drug Administration (FDA) to grant approval already came and went. Consensus price targets suggest Axsome Therapeutics' stock price could rise 197% if most investors begin seeing the company in the same light as the investment-bank analysts who follow it closely.
- Yahoo Finance
Gary Cohn, the former director of the National Economic Council, warns COVID-19 pandemic benefit programs contribute to the current labor shortage.
The “deeply unintelligent” family member will “out-racism anybody, out-misogyny anybody” just for affection, said Donald Trump’s niece.
- Yahoo Finance
Top news and what to watch in the markets on Friday, September 24, 2021.
The White House will discuss ways to overcome a semiconductor chip supply crisis that is cutting auto production around the world in a new round of meetings with major companies on Thursday. Commerce Secretary Gina Raimondo and White House National Economic Council director will host companies including Detroit's Big Three automakers General Motors, Ford Motor and Stellantis as well as Apple, Daimler AG, GlobalFoundries, Micron, Microsoft , Samsung, TSMC and others including Intel Corp Chief Executive Pat Gelsinger.
- USA TODAY
The pandemic should have taught gig workers to keep good records for expenses and income. Now they'll need to understand new rules that hit in 2022.
Linda Evangelista Says She Has 'Paradoxical Adipose Hyperplasia' from CoolSculpting: a Doctor Explains
The supermodel said she’s "permanently deformed" from the fat freezing procedure, and has filed a lawsuit against CoolSculpting's parent company
- Yahoo Finance Video
Brian Sozzi gives his latest hot take on the effects another government shutdown could have on the stock market as Congress struggles to find common ground in raising the debt ceiling and funding of the government.
(Bloomberg) -- Democrats are pursuing an almost certainly doomed strategy to avert a government shutdown and stave off a federal default, raising the likelihood of financial-market stresses that will ultimately force U.S. lawmakers’ hands.Most Read from BloombergIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageHow the Child Care Crisis Became
The Chinese growth model is dependent on producing real estate, and Harvard economist Kenneth Rogoff has been warning about the dangers of such reliance.
‘Dramatic’ increase in IRS capital-gains transactions as Biden administration considers raising tax rates on the wealthy
Through July, millionaires reported roughly $140.5 billion in combined capital gains and/or losses, up from $118.4 billion one year earlier.
This Description of Ivanka Trump's Face After Talking With Dad Donald Trump on Jan. 6 Will Stay With You
While much has been written about Jan. 6 and Donald Trump’s reaction while it was going down, Bob Woodward’s new book, Peril, is giving readers more insight into what happened behind closed doors. The day was fraught with a lot of drama, and as we know, much of the burden of getting through to the […]
The move has been characterised as "getting ready for the possible storm" by the officials, according to the report. The officials said local-level government agencies and state-owned enterprises have been instructed to step in only at the last minute should Evergrande fail to manage its affairs in an orderly fashion, the WSJ reported.