othermore (CC-BY-SA) In New York City, 2013: Wall Street bonuses jumped 15%. “The average bonus rose to $164,530... in 2013, with total bonus payments rising to $26.7bn,” the BBC reported this week, citing a statement by New York State Comptroller Thomas P. Show More Summary
Doctors are notoriously high paid professionals, but does this apply to all specialties? Admittedly, any doctor, regardless of his or particular field, will have a higher income than the average salary for a worker from another industry, but this doesn’t mean that salary will suffice to pay off the massive student debt most medical graduates […]
More than 25 percent of the U.S. population (including President Obama) was born between 1946 and 1964. U.S. society has made, and continues to make, economic promises to these baby boomers that must be ultimately shouldered by the nation’s youth. Not only are the 25 percenters leaving the workforce at very high rates (consuming instead...
Income inequality is "a serious economic and political issue," Eswar Prasad, author of the book "The Dollar Trap", said this morning on the MoneyBeat show.
Harvard economist Greg Mankiw is notorious for trying to justify the income of the very rich on the grounds that it's what they deserve. In this column, for example, he uses the example of Steve Jobs as a person who deserves his wealth, having been in charge of a company that built some hugely popular electronic devices. Show More Summary
Some families making as much as $300,000 are applying for help — and getting it — which shuts out those further down the income ladder.
Realty Income has a habit of not only paying a dividend every month, but raising that distribution habitually. Here's a look at whether it can continue that momentum going forward.
Benjamin W. Akins, Jennifer L. Chapman & Jason M. Gordon (all of Georgia Gwinnett College Business School), A Whole New World: Income Tax Considerations of the Bitcoin Economy Reuven S. Avi-Yonah (Michigan) & Oz Halabi (Michigan), A Model Treaty for the Age of BEPS Oscar Erixson (Uppsala University), Health Responses...
The 1970 Illinois constitution states that Illinois' state income tax must be applied with one rate paid by all taxpayers. Illinois is one of nine states with flat-rate income tax. There are 34 states that use a graduated income tax system in which the percentage of income tax owed goes up with a taxpayer's income. Show More Summary
Everything feels like it’s becoming more automated, doesn’t it? Well, if you currently supplement your income with a retail gig, you won’t want to miss this nugget of insight. Per a piece on Business Insider, retail workers are most at risk to becoming replaced by robots. Show More Summary
By Morgan Myrmo: In mid-2013 I began writing a series of articles focused on building a diversified income-based portfolio. The series is called The 4% Plan and is based on realizing a solution for the needs of current income, growing income and portfolio growth to last in perpetuum. Show More Summary
Income inequality is rising all over the country. But it’s rising faster in some places than others -- almost nowhere faster than Orange County.
The IRS has yet to rule on how to report income from Bitcoin. That has left Bitcoin enthusiasts — assuming they are interested in passing an IRS audit — in a legal no man's land. So we spoke with Tyson Cross, an attorney in San Diego specializing in IRS compliance who has extensively researched Bitcoin's tax implications since the currency blew up. Show More Summary
By Adam Galas: As part of my effort to research and grow an experimental real world high-yield portfolio, I have been researching medical REITs. I've already written an article on my favorite such company which is Omega Healthcare Investors (OHI). Show More Summary
HERE’S an idea. Children are, the data overwhelmingly proves, better off in households who own ponies than in those who don’t. They do better at school, grow up to earn higher incomes, live longer lives and generally suffer less. When they grow up, they are more likely to own ponies themselves, and so perpetuate the virtuous cycle. Show More Summary
Kevin Starr and Laura Hattendorf of Mulago explain why they think the evidence for cash transfers to the poor is overrated. Basically, it comes down to how the income gains produced by cash compare to other interventions. They are underwhelmed by … Continue reading ? The post Are cash transfers overrated? appeared first on Chris Blattman.
"You start paying people who don't deserve it," Colbert agreed, "and before you know it, you end up with Neil Cavuto."
It's about time America had a real discussion about how to address the massive income inequality spurred by low, stagnant wages. Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities in Washington, looks at the...Show More Summary
Becoming poor makes people feel unhappy immediately due to the loss of income and status and this does not improve, even over the long term. This was the key finding of research taking place in Europe. "While it may be true that more money has no long-lasting effect on well-being, the fall in income that leads to poverty is never forgotten," the researchers conclude.
ByRichard Berger: This is part 6 in a continuing series of articles discussing building a portfolio of dividend income equities. The strategy seeks to use value investing principles and apply them to stable companies offering reliable dividends. Show More Summary