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April 13, 2021

income

How much you need to invest per month to retire at 45 with $30,000 in passive income

CNBC
CNBC – For more and to sign up click here A little math can go a long way. There is a simple way to get an estimate of how much money you will need to save for retirement. You figure out how much you spend per year, then work your......

West Virginia considering three separate plans to eliminate income tax, Justice revises proposal

WashingtonExaminer
USA TODAY – For more and to sign up click here West Virginia is considering three different approaches to eliminating the state income tax – the House’s proposal, the Senate’s proposal and Gov. Jim Justice’s revised proposal. The governor’s plan would enact changes more quickly, but would require future action......

How much you need to save per month to retire at 45 with $35,000 in passive income

CNBC
CNBC – For more and to sign up click here If you go by Social Security guidelines, everyone born after 1960 should wait until at least 67 to retire. But that mostly matters when it comes to benefits. You can retire from your job as soon as you find a......

Volunteer group helps low-income families celebrate Thanksgiving

CBS News
CBS News – For more and to sign up click here Volunteer group helps low-income families celebrate Thanksgiving – CBS News Watch CBSN Live Volunteer organization Martha’s Table is making sure 2,200 families have all the supplies they need for a nutritious Thanksgiving. CBS News’ Kylie Atwood reports. Be the......

Democrats’ bid to turn screws on New York’s richest

NYPost
E.J. McMahon Just a year after the Empire State was clobbered by the coronavirus, New York’s Legislature confronts an embarrassment of revenue riches. State taxes have rebounded more strongly than expected from the pandemic meltdown — capped by a massive injection of $12.6 billion in no-strings-attached federal stimulus funds. Yet......

NYC mayoral candidate Andrew Yang wants MSG, tax exempt landlords to pay for his universal basic income plan

CNBC
CNBC – For more and to sign up click here Former Democratic presidential candidate Andrew Yang is making universal basic income a central tenet of his political campaign once again — this time for New York City Mayor. “It makes us stronger, healthier, more secure, mentally healthier, improves our relationships,”......

Millionaires dodged $2.4 billion in income tax, watchdog claims

CNBC
CNBC – For more and to sign up click here The Internal Revenue Service headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS should police wealthy Americans who intentionally dodge their income taxes with more vigor, according to a report from the Treasury Inspector General for Tax Administration.......

How to retire with $45,000 per year in passive income at age 45

CNBC
CNBC – For more and to sign up click here Being a millionaire isn’t that uncommon after a lifetime of working and saving. About 1 in 10 Americans in their 60s and 70s have over $1 million in savings, according to the 2020 Road to Retirement Survey by TD Ameritrade.   ......

Jeff Bezos turns down Bernie Sanders’ invitation to attend Senate hearing on income inequality

CNBC
CNBC – For more and to sign up click here Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos has declined a request to discuss issues around income inequality before the Senate Budget Committee, the company confirmed to CNBC. Sen. Bernie Sanders, a Vermont independent and......

“People Shouldn’t Have To Work”: Person Shares How The World Would Work If Everyone Had Universal Basic Income

IA
Universal basic income (UBI) is a governmental public program for a periodic payment delivered to all citizens of a given population without a means test or work requirement. If the level is sufficient to meet a person’s basic needs (i.e., at or above the poverty line) it is sometimes called......

Younger women are more likely to be primary income earners than in previous generations

CNBC
CNBC – For more and to sign up click here Among those earning over $100,000, nearly 1 in 3 millennial and Gen X women report being the primary income earner or contributing the largest share of the household finances. Only about 20% of women in previous generations carried their families......

New stimulus proposals look like a guaranteed income experiment. Early results show whether it will work

CNBC
CNBC – For more and to sign up click here New York City housing advocates and tenants march to demand Gov. Andrew Cuomo cancel rent amid the pandemic on Oct. 10, 2020. Andrew Lichtenstein | Corbis News | Getty Images The new federal coronavirus relief bill that’s poised to be......

Senate bill will narrow income eligibility for $1,400 stimulus checks

CNN
USA TODAY – For more and to sign up click here That means 7 million fewer families will receive a partial payment than would have under the House version of the bill, according to an estimate from the Penn Wharton Budget Model. The new proposal will completely cut off those......

Biden backs lower income cap for direct payments in $1.9 trillion relief package

CNBC
CNBC – For more and to sign up click here President Joe Biden speaks about the American Rescue Plan and the Paycheck Protection Program (PPP) for small businesses in response to coronavirus, in the Eisenhower Executive Office Building in Washington, DC, February 22, 2021. Saul Loeb | AFP | Getty......

Americans’ personal income and spending soared in January thanks to stimulus checks and unemployment insurance

CNBC
CNBC – For more and to sign up click here Personal income soared by 10% from December 2020 to January 2021 thanks in large part to government stimulus benefits, according to a new analysis from the U.S. Bureau of Economic Analysis (BEA). The December 2020 Covid-19 relief bill provided $600......

Personal income leaps 10% in January thanks to stimulus, but inflation still in check

CNBC
CNBC – For more and to sign up click here A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday. Personal income jumped 10% after 0.6% increase in December. That was even......

Assembly committee advances bill to exempt forgiven PPP loans from New Jersey’s gross income tax

WashingtonExaminer
USA TODAY – For more and to sign up click here The New Jersey Assembly Appropriations Committee has advanced legislation to exempt Paycheck Protection Program (PPP) loans forgiven by the federal government from New Jersey’s gross income and corporate business taxes. Under A-5149, businesses could also deduct expenses paid for......

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