Something's rotten: America has little income mobility, lots of inequality and our hard work makes the rich richer
Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013 the average household spent $3,148 annually on gasoline and public transit. read more
Ah, depreciation, the great phantom expense that shelters our rental income from the tax man every year. For those of you who do not know, depreciation is a reduction in the value of an asset with the passage of time due to wear and tear. To encourage investment, the IRS allows depreciation expense to be written [...]Show More Summary
3D printing, like all blossoming new industries, saw an explosion of competing devices, all vying for our attention — and disposable income. A contraction was going to happen eventually and with MakerBot last week cutting 100 staff and closing its three stores, we might already be at the start of something more significant. More »
Urban foraging could help address the nutrition crisis in America's low income communities, researchers say
Zebras took to the streets of Brussels wreaking havoc in the streets, as police attempt to herd the striped creatures out of the incoming traffic. In the viral video, you see a car stopped as police attempt to corral a group of zebras prancing through the streets of Brussels, Belgium. Show More Summary
Reports say a man saved a Miami officer by using his van as a shield against a hailstorm of incoming gunfire. Now this good Samaritan has been identified as William Ramirez, and he is being honored for saving the life of Miami police officer Rosny Obas. Show More Summary
1,007,000 Americans working full-time earn the federal minimum wage of $7.25 per hour. All of that pay, to all of those people, for all of 2014 adds up to $14 billion dollars. And that is less than half of what employees on Wall Street earned in bonuses alone. This is your image of the week: Source: Institute for […]
I know of a company that boasts of a 95 percent customer retention rate. That means 95 percent of its customers are repeat customers. One of the best ways to build a stable income is through returning customers and clients. Not onlyShow More Summary
Introducing Moneygraph – a simple yet flexible money tracking tool available as a universal app on Windows and Windows Phone platforms. What is it: a finance manager to track income and spending between multiple accounts. For whom is it: freelancers, contractors, entrepreneurs, small businesses and ordinary people – anyone who needs to count what is […]
Filmmaker George Lucas is courting controversy by proposing to welcome hundreds of low-income families into his neighborhood filled with luxurious houses, according to a report from the Daily Mail. His
After a report revealed that Chinese startup OnePlus would be launching not 1, but 2 handsets this year, former Oppo vice president Pete Lau n’ friends are gearing up to announce something on April 20th. The company — which has upped their employee count from 6 to over 1,000 new workers — announced the news, […]
If it’s draft season, then it’s time for apparel companies to strike deals with some of the top incoming NFL prospects. According to ESPN’s Darren Rovell, Nike has signed Florida State quarterback Jameis Winston, Oregon quarterback Marcus Mariota, Georgia running back Todd Gurley, Alabama wide receiver Amari Cooper and Wisconsin running back Melvin Gordon to…
With stagnant wages and rising inequality already emerging as key issues in the 2016 Presidential race, there is, naturally, a lot of interest in how voters view the prospect of the federal government adopting more redistributive policies, such as raising taxes on the wealthy. Show More Summary
Yesterday the potential for personal and corporate income tax cuts looked pretty grim. The Senate took a $152 million tax cut proposal sent to them by the state House and watered it down to just a $33 million reduction, and then killed it anyway. Clearly, the Senate has lost its appetite for income tax cuts,...
Howard Dean “delivered a stinging critique of modern day capitalism, warning that the economic system is ‘going to fail’ unless substantial efforts are made to regulate the financial industry and reduce income inequality,” the New York Observer reports. Said Dean: [...]
Al Jazeera, How Much Do You Know About Income Tax?, by David Cay Johnston Bloomberg, America’s Most-Wanted Swiss Bankers Aren’t Hard to Find; At Least 21 Financial Advisers in Switzerland Charged With Aiding American Tax Dodgers Are at Large Bloomberg, Rubio Defends His Tax Overhaul Against Criticism From All Sides...
We generally assume that there is no default risk with US Treasury obligations, and virtually no interest rate risk because they will very shortly roll over to par. But a long duration bond of 20 to 30 years can be very volatile as interest rates change.
After an active update featuring Chad White, GAP treats us to another incoming of new men’s styles. Ready for the warm weather, short-sleeve shirt options get a lively update in the print department. Model River Viiperi steps in to showcase a versatile selection that includes the polo and popover shirt. Show More Summary
One-third of U.S. households earning a middle-class income say they are living on the financial edge