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NY Gov. Hochul and her husband double their income in 2023

ALBANY – Gov. Kathy Hochul and her husband Bill brought home far more bacon in 2023 than the year before. According to media reports covering the couple’s tax returns, the couple had an adjusted gross income of approximately $2 million in 2023, an increase of $1 million from 2022. Tax returns reportedly show Hochul and […]

Vast majority older Americans worried inflation will outpace their income AARP

Bill Pulte, CEO of Pulte Capital, discusses the impact of inflation on the housing industry. An overwhelming majority of older Americans say they’re stressed by the country’s continued high inflation, according to the latest data. A recent survey by AARP (full results expected later this month) found that 70% of U.S. adults age 50 and […]

Harris County attorney defends guaranteed income program against Texas’ lawsuit: ‘Attack’ by GOP officials

Harris County attorneys on Monday defended the Guaranteed Income Program, which is the subject of a lawsuit filed by Texas Attorney General Ken Paxton. Paxton’s lawsuit alleges that Harris County’s guaranteed income program, Uplift Harris, is “unconstitutional.” The lawsuit seeks “immediate judgment to prevent Uplift Harris from commencing payments under the program.” “This lawsuit is […]

How to handle sports betting income, losses for April 15 tax deadline

Commercial Content 21+. Just when you thought you hit the big score in sports betting, Uncle Sam comes knocking every year to collect your winnings. So if you make a lot or a little money on post-action betting picks, April 15th is the deadline to declare it as taxable income. Perhaps you got my prediction […]

1 in 3 Zoomers Have No Income, Poor Economic Outlook

Recent research shows that one in three Gen Zers have no income and the economic outlook is poor. The study was conducted by the St. Louis Federal Reserve’s Economic Equity Institute. Indicated Compared to 1 in 5 people in 1990, these “orphaned youth” have no income and no job. Deseret news: As a result of […]

Scottish income tax changes come into force – BBC.com

image source, Getty Images 3 hours ago Changes to income tax introduced on Saturday mean Scotland will move further away from the system in the rest of the UK. A new ‘advanced’ band of income tax for those earning over £75,000 has been introduced, along with other changes to tax rates. This means there are […]

Income inequality is gutting the middle class

I’m concerned about economic inequality. I teach a class about it.I wrote a book about it. Recently, however, two different arguments have emerged with seemingly similar conclusions. The bottom line is that economic inequality has not increased as much as conventional wisdom suggests. Although these two arguments have the same meaning, they look at very […]