America's welfare state is quietly evolving from needs-based to an employment-based safety net that rewards working families and fuels dreams of a better life, indicates a new study led by a Michigan State University scholar. The major...Show More Summary
There has been much discussion about the effect of income levels on moral behavior. Among the high socio-economic strata, the debate seems to have emerged in a judgmental, narcissistic opposition to "the other" -- the ones who haven't lived up to a moral ideal. Show More Summary
Nestled within the municipality of Fjarðabyggð, the town of Eskifjörður is known locally for its fishing trade, which was the biggest source of income for the area before the arrival of a nearby aluminum smeltery back in 2007. But while...Show More Summary
A recurring episode of the 2012 presidential campaign was Sen. Harry Reid (D., Nev.) assailing GOP presidential candidate Mitt Romney for supposedly not paying personal income taxes for 10 years. This week, Reid, in a valedictory interview with CNN, said he has no regrets about pushing the claim about Mr. Romney’s taxes.
Even if [education] doesn’t do much to reduce overall inequality, [the study's authors] find it does reduce inequality within the bottom half of the income distribution, by increasing the earnings of those near the 25th percentile of earnings (in 2013, those making $6,100 a year, compared with $8,720 in the simulation with higher education). Show More Summary
With April 15 looming, taxpayers still have options for free income tax preparation and filing.
Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from...Show More Summary
A look into what makes Realty Income great.
The earned income tax credit has enjoyed four decades of bipartisan support because it helps working people at the bottom of the economic ladder climb up a few rungs. In their zeal to bring the federal budget into balance without raising taxes on people with means, however, congressional...
Taxes are a pain. Health insurance is a pain. This year, Americans will suffer both when they file their income taxes. Ouch. The Affordable Care Act, aka Obamacare, inserted health insurance into tax season in two ways, affecting nearly all of us. Show More Summary
Mark Bloomfield: The 1913 overhaul of the U.S. tax system should be the model for today's effort, not the 1986 reform of the income tax.
The NFL has perfected the offseason art of shows about nothing. From the Scouting Combine to the Veteran Combine to the schedule-release show to the Pro Day workouts of select incoming rookies, plenty of non-game action captures our attention, even at a time when other sports are racing toward (or are actively in) their postseasons.…
If you were tasked to end hunger and malnutrition in the world, you might first ask: Where do such vulnerable people live? It may be a surprise that the majority of the world's hungry and malnourished live in large Middle Income Countries (MICs), some of which are global economic powerhouses. Show More Summary
Collecting rental income has obvious advantages, but it also comes with some tax headaches you may not know about
Shutterstock Getting your federal tax return off to the IRS by April 15 is hard enough for most Americans. But for those who live in the 43 states that charge at least some form of state income tax, getting your 1040 finished is just half the battle. Show More Summary
A wealth of new research confirms the poor have no idea how good the rich have it and vice versa
Asian American students will make up 70 percent of the incoming freshman class at Thomas Jefferson High School for Science and Technology, the highest percentage ever for the elite magnet school in Northern Virginia.Read full articl...
Dividend investing is a great strategy for accumulating income producing securities, which pay their owners cash on a regular basis. These cash distributions are viewed as taxable incomes in the eyes of the Internal Revenue Service (IRS). Show More Summary
College aid formulas expect parents to contribute up to 47% of their after-tax income to college costs each year. Will your income throw your child out of the running for college aid? Use my EFC Quick Reference Table to estimate your aid eligibility. Don't take someone's word on aid eligibility just because their situation may appear similar to yours.
The social media uproar over incoming Daily Show host Trevor Noah's history of Twitter jokes about Jewish people and overweight women is "much ado about nothing," says the show's star correspondent Aasif Mandvi.