If you deal in cash, keep records and be methodical. IRS can audit and the burden will be on you to prove your income and expenses. Plus, don't forget about those $10,000 cash reports with the IRS.
Friend of the blog Jay Jaroch recently spent some time in Cuba. Here's the first of three posts about what he observed while he was there. If you’re looking for a country that has solved the problem of income inequality, look no further than Cuba, where everyone has next to nothing. Show More Summary
Turns in investor sentiment can make you double- and even triple-digit gains if you are early enough. The risk is being too early. The wait can be excruciating -- and costly. Just ask gold
Ring Around The (Blue) Collar Today, we'll take a look at Income inequality and the plight of the Working Class, which seems to have everything stacked against it. Mark, at Lean Left, notices that "Conservatives Are Raping Your Pensions...Show More Summary
(Reuters) - Luxury jeweler Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales. The company's net income fell to $104.9...Show More Summary
JEFF JACOBY: Let millionaire ex-presidents pay for themselves. “For all their poor-mouthing about being ‘dead broke’ and needing to ‘pay our bills,’ the Clintons’ income puts them well within the top one-tenth of 1 percent of all Americans. So why, pray, should taxpayers be giving Bill Clinton an allowance that amounts to another million dollars […]
Major accord will prevent EU residents from hiding undeclared income in Swiss banks.
The EU and Switzerland have signed an accord that will end banking secrecy for EU residents and stop them from hiding undeclared income in Swiss banks. ||| Zurich - The European Union and Switzerland signed a major accord on Wednesday...Show More Summary
More workers who make saving a habit report better health than those who do not. And it's not just about having a high income.
Washington Post economics writer Jim Tankersley took it upon himself to explain to Bernie Sanders, the senator from Vermont and candidate for the Democratic presidential nomination that "deodorant is not starving America's children."...Show More Summary
I’m not a fan of dogma when it comes to trading. My own trading style is a mix of income trades and swing trades, both option longs and option shorts. And I’ve witnessed profitable traders in stocks, futures, forex, and bonds. And I’ve seen many other make money with every kind of option strategy under […]
To highlight the enormous and growing income inequality issue, please consider California Dreaming: Record $500 Million Tag on L.A. Home. Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s...Show More Summary
Minnesota closed out its 2015 recruiting efforts with its second incoming transfer of the offseason.
Last week we brought you the US government’s official message to heavily-indebted students. In short, the Department of Education is promoting so-called “Income Based Repayment” which allows borrowers to make monthly payments based on their disposable income. Show More Summary
Question: Dear Steve, I am 63 years old. Retired. 401 $300,000 + plus pension & SS. Wife 62 retired drawing SS small 401 $45,000. We are retired and need to have more disposable income. We only owe $17,000 on our house with an interest rate of 5 3/4. Show More Summary
From today's links, Lane Kenworthy asks Tim Smeeding about reducing inequality: How to reduce income inequality: Tim Smeeding knows more than virtually anyone else about inequality and poverty in the United States and other rich nations. I asked him what...
New product announcements incoming
Tonight I will be participating in a panel discussion about Universal Basic Income. One of the key arguments for UBI is that we need to decouple people’s ability to meet their basic needs from traditional work because of the rise of automation. Show More Summary
Currently, the Federal Reserve is crushing savers and income investors by keeping interest rates near zero. But the good news is that there are dozens of safe ways to make 10 times more than you