New York pension increase might burden taxpayers with nearly $1.5 billion annually
Pension Cost Increase in New York ALBANY — Recent discussions at the state Capitol unveiled that the annual cost of pension enhancements for state workers, educators, and others will reach around $1.5 billion. This burden will largely fall on school districts, local governments, and, notably, their taxpayers. Various unions are advocating for a three-part proposal […]
Mayor’s ‘Security Team’ Costs Taxpayers $30 Million Annually
Mayor’s Security Costs Raise Eyebrows Amid Gun Control Policies A report from Lawrence Keene, a senior figure with the National Shooting Sports Foundation, reveals that Mayor Brandon Johnson’s personal security detail costs taxpayers around $30 million annually. Keene noted that this security team could involve “as many as 150 Chicago Police Department members.” Interestingly, while […]
High-earning couples could receive over $100,000 annually in Social Security benefits, but a new plan aims to limit this amount.
Some affluent couples might be pulling in about $100,000 a year or even more from Social Security benefits, based on a recent analysis. To address the financial challenges facing Social Security, there’s a proposal to set a cap on benefits at $100,000 for married couples and $50,000 for individuals, as per a study by a […]
This Schwab ETF Includes 100 Dividend Stocks, Costs $6 Annually, and Offers Higher Returns Than Most Savings Accounts
Schwab US Dividend Stock ETF Overview The Schwab US Dividend Stock ETF (SCHD) has an annual charge of just 0.06%, equating to $6 per $10,000 invested. It offers a yield of 3.39%, returning 12.29% year-to-date and an impressive 225.89% over the last decade. Among its top holdings, Lockheed Martin (LMT) takes the lead at 4.9%, […]
Tuition at private schools in NYC exceeds $70,000 annually: report
Private school tuition in New York City has exceeded $70,000 a year, a recent report shows, reflecting the increasing cost of living and a heightened demand for financial aid. Seven institutions, including the Spence School, Dalton School, and Nightingale Bamford School on the Upper East Side, reported tuition rates surpassing $70,000 for the 2026-27 academic […]
I run a pool business in Phoenix and contribute the maximum to my IRA annually. I believe a SEP could be a better option for retirement savings, but my CPA disagreed. Who is correct?
Question from a Small Business Owner A small business owner running a pool service in Phoenix, Arizona, inquires about their eligibility for a SEP IRA despite their CPA’s suggestion that they do not qualify. They mention contributing to an IRA up to the maximum amount annually and seek advice on this matter, having researched the […]
Looking to Earn $1,000 in Dividends Annually? Put $6,000 into Each of These 3 Stocks.
These stocks all have yields exceeding 5%, suggesting their dividends are fairly secure. High-dividend stocks can be a smart way to make your money work. Not only do they provide extra cash on hand, but that cash can also be reinvested or help manage daily expenses. Here are three high-yield stocks that could be worthwhile […]
Nonprofit organizations in the state generate hundreds of billions of dollars annually.
Nonprofit Revenue Highlights Amid Fraud Concerns In 2024, an impressive sum of hundreds of billions of dollars flowed into U.S. nonprofit organizations, as revealed by tax return data. This influx coincides with a significant fraud scandal, including one in Minnesota, leading to increased scrutiny of how taxpayer-supported funds are managed. The figures originate from ProPublica’s […]
Treasury Secretary Scott Bessent discloses that as much as 10% of the US budget is taken annually
Concerns Over Government Spending and Fraud In a recent interview, Treasury Secretary Scott Bessent revealed that an astonishing amount of taxpayer money, potentially in the hundreds of billions, is lost each year to waste, fraud, and abuse. He highlighted that almost 10% of the federal budget is consumed by these issues annually. This claim references […]
Mark Cuban questions whether you would back universal healthcare if it only cost $10 annually and every doctor received double their current pay.
It seems that the real dream for healthcare isn’t just about free band-aids or cutting down wait times in emergency rooms; it’s really about compensating doctors fairly. Last month, Mark Cuban stirred things up with a straightforward premise that left little room for political spin. In a post on X, he posed a thought experiment: […]