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Elizabeth Warren’s wealth tax would raise $1 trillion less than she estimates, Wharton study shows

CNBCDecember 12, 2019December 12, 2019

by CNBCDecember 12, 2019December 12, 201906

Elizabeth Warren’s wealth tax, if implemented in 2021, would raise $1 trillion to $1.4 trillion less the campaign says, Wharton finds. Source link: Click here for more

How the experts would fix Social Security if they had their way

CNBCDecember 8, 2019December 8, 2019

by CNBCDecember 8, 2019December 8, 201905

The clock is ticking when it comes to whether action will be taken before Social Security has to reduce benefits to benficiaries. Here’s how experts would restore or overhaul the system if they had their way. Source link: Click here for more

CNBC Business

US lost more tax revenue than other developed countries in 2018 due to Trump tax cuts: Report

CNBCDecember 5, 2019December 6, 2019

by CNBCDecember 5, 2019December 6, 201909

The U.S. tax-to-GDP ratio fell the most of any OECD member country in 2018, according to a new report released Thursday. Source link: Click here for more

CNBC Business

One step you can take in 2020 to head off a tax surprise

CNBCDecember 5, 2019December 5, 2019

by CNBCDecember 5, 2019December 5, 2019017

The IRS has released its updated Form W-4 just in time for the new year. Here’s how to use it to fine-tune the taxes withheld from your paycheck. Source link: Click here for more

CNBC Business

Here’s when newlyweds will face a ‘marriage tax penalty’

CNBCDecember 5, 2019December 5, 2019

by CNBCDecember 5, 2019December 5, 2019017

Many taxpayers see their tax bill drop after marriage. For some, though, it goes up. Source link: Click here for more

CNBC Business

E-commerce billionaire Michael Rubin: There needs to be ‘more pressure’ on wealthy to give back

CNBCDecember 2, 2019December 2, 2019

by CNBCDecember 2, 2019December 2, 2019027

Rubin says that while there’s a “responsibility” when it comes to giving back, it’s better to “bet on the entrepreneur” than on the government. Source link: Click here for more

CNBC Business

‘Tax Cuts 2.0’ could include a rate reduction for the middle class. Here’s who would benefit most

CNBCNovember 30, 2019November 30, 2019

by CNBCNovember 30, 2019November 30, 201907

The idea is to lower taxes on America’s middle earners in a package dubbed “Tax Cut 2.0.” Yet one of the early ideas floated — reducing the 22% rate to 15% — could miss the mark. Source link: Click here for more

CNBC Business

Blue states file appeal in legal battle over SALT tax deductions

CNBCNovember 26, 2019November 26, 2019

by CNBCNovember 26, 2019November 26, 2019011

New York, New Jersey, Connecticut and Maryland filed an appeal on Tuesday, contesting the dismissal of their federal lawsuit over the $10,000 cap on state and local tax deductions. Source link: Click here for more

CNBC Business

California court tosses law aimed at forcing Trump to release tax returns to get on primary ballot

CNBCNovember 22, 2019November 23, 2019

by CNBCNovember 22, 2019November 23, 2019012

But Trump has suffered repeated losses in federal courts to block the release of his tax returns to a House panel and the Manhattan District Attorney’s Office. Source link: Click here for more

CNBC Business

Tax avoidance by the rich could top $5 trillion in next decade

CNBCNovember 19, 2019November 19, 2019

by CNBCNovember 19, 2019November 19, 201909

Lax enforcement by the Internal Revenue Service has led to hundreds of billions of dollars a year in uncollected taxes from the wealthy, which could reach trillions over the next decade. Source link: Click here for more

CNBC Business

Trump asks Supreme Court to block another subpoena for his tax returns — this one is from Congress

CNBCNovember 15, 2019November 15, 2019

by CNBCNovember 15, 2019November 15, 2019011

Trump’s lawyers are battling Congress and a New York prosecutor to keep the president’s tax returns secret, even as he faces an impeachment probe. Source link: Click here for more

CNBC Business

Lloyd Blankfein mocks Elizabeth Warren after attack ad: ‘Maybe tribalism is just in her DNA’

CNBCNovember 14, 2019November 14, 2019

by CNBCNovember 14, 2019November 14, 2019028

“Maybe tribalism is just in her DNA,” Blankfein said in an apparent dig at Warren’s much-criticized prior claims of Native American ancestry. Source link: Click here for more

CNBC Business

Economist who gave analysis to Warren’s ‘Medicare for All’ plan offers alternatives to a wealth tax

CNBCNovember 13, 2019November 13, 2019

by CNBCNovember 13, 2019November 13, 2019012

“It’s going to be pretty tough to execute on that,” Mark Zandi, chief economist at Moody’s Analytics, says of Elizabeth Warren’s proposed wealth tax. Source link: Click here for more

CNBC Business

Elizabeth Warren’s tax plan eliminates any incentive to invest, wealth tax pioneer says

CNBCNovember 8, 2019November 8, 2019

by CNBCNovember 8, 2019November 8, 201907

Warren’s wealth tax is “going to induce a big capital flight out of this country,” says Edward Wolff, an economist and author of “Top Heavy.” Source link: Click here for more

CNBC - Real Estate

Homeowners get highest rates of return when selling in these 3 cities

CNBC Real EstateNovember 6, 2019November 6, 2019

by CNBC Real EstateNovember 6, 2019November 6, 2019010

Seb Oliver | Image Source | Getty Images If you’re thinking of buying a home in Las Vegas — congratulations! You just might make a bundle when the time comes to sell it. That’s because the average annual internal rate of return for a homeowner in Sin City is 13.29%,...

CNBC Business

Jeff Bezos would pay over $6 billion a year in taxes under Warren plan

CNBCNovember 1, 2019November 1, 2019

by CNBCNovember 1, 2019November 1, 2019019

As part of her plan to pay for Medicare for All, presidential hopeful Sen. Elizabeth Warren said she would double the top rate of her wealth tax to 6% from 3%. Source link: Click here for more

CNBC Business

Leon Cooperman has made a lot of controversial comments about Warren, Obama and others

CNBCNovember 1, 2019November 1, 2019

by CNBCNovember 1, 2019November 1, 2019015

Billionaire investor Leon Cooperman, who recently has traded jabs with Sen. Elizabeth Warren, once said of President Barack Obama: “When he ran for President, he’d never worked a day in his life. Never held a job.” Source link: Click here for more

CNBC Business

Cramer to Elizabeth Warren: Leon Cooperman wrong billionaire ‘whipping boy’ to sell wealth tax

CNBCNovember 1, 2019November 1, 2019

by CNBCNovember 1, 2019November 1, 2019038

CNBC’s Jim Cramer defends Cooperman and the “substance of the letter” the investor sent to the senator “debating their math.” Source link: Click here for more

CNBC Business

Elizabeth Warren says she would not raise middle class taxes for $52 trillion health care plan

CNBCNovember 1, 2019November 1, 2019

by CNBCNovember 1, 2019November 1, 2019016

As she became one of the frontrunners in the Democratic presidential race, Elizabeth Warren faced more pressure about funding Medicare for All. Source link: Click here for more

CNBC Business

Here’s the tax bill on Powerball, Mega Millions jackpots so far this year

CNBCOctober 30, 2019October 30, 2019

by CNBCOctober 30, 2019October 30, 2019012

The 12 winners who have hit Powerball and Mega Millions jackpots in 2019 — worth an advertised $3.3 billion in all — have paid the IRS more than a half-billion in tax dollars. That won’t be the last of it. Source link: Click here for more

Government taxation and revenue

Elizabeth Warren’s wealth tax would raise $1 trillion less than she estimates, Wharton study shows

US lost more tax revenue than other developed countries in 2018 due to Trump tax cuts: Report

One step you can take in 2020 to head off a tax surprise

Here’s when newlyweds will face a ‘marriage tax penalty’

E-commerce billionaire Michael Rubin: There needs to be ‘more pressure’ on wealthy to give back

‘Tax Cuts 2.0’ could include a rate reduction for the middle class. Here’s who would benefit most

Blue states file appeal in legal battle over SALT tax deductions

California court tosses law aimed at forcing Trump to release tax returns to get on primary ballot

Tax avoidance by the rich could top $5 trillion in next decade

Trump asks Supreme Court to block another subpoena for his tax returns — this one is from Congress

Lloyd Blankfein mocks Elizabeth Warren after attack ad: ‘Maybe tribalism is just in her DNA’

Economist who gave analysis to Warren’s ‘Medicare for All’ plan offers alternatives to a wealth tax

Elizabeth Warren’s tax plan eliminates any incentive to invest, wealth tax pioneer says

Homeowners get highest rates of return when selling in these 3 cities

Jeff Bezos would pay over $6 billion a year in taxes under Warren plan

Leon Cooperman has made a lot of controversial comments about Warren, Obama and others

Cramer to Elizabeth Warren: Leon Cooperman wrong billionaire ‘whipping boy’ to sell wealth tax

Elizabeth Warren says she would not raise middle class taxes for $52 trillion health care plan

Here’s the tax bill on Powerball, Mega Millions jackpots so far this year

Is the US heading in the right or wrong direction: The nation generally

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