by feistypenguin There are many benefits to homeownership, but home maintenance can send you into a debt spiral if you don’t have a pile of cash on-hand for emergencies (i.e. $5-10k at least). Otherwise you may need to borrow against …
Some of the biggest and most promising experiments were plagued by delays and shutdowns. From the MIT Technology Review: Silicon Valley loves the idea of universal basic income. Many in the tech elites tout it as the answer to job losses …
So you gotta pay $12,000 to meet your yearly premium + deductible before they start covering anything? Wow, that isn’t health insurance. That’s disaster insurance. Thanks Obama. h/t vladimirpoopen
https://twitter.com/Bamafanaticfan1/status/1072852450242109440?s=19 They keep voting for these people! A retroactive tax? That’s crazy! They might as well just take citizens paychecks and give them an allowance LINK
It’s second dividend cut announcement this year for the beleaguered company. GE’s stock is down by nearly 60 percent this year. General Electric made its painful dividend cut official on Friday, with the company’s board of directors authorizing the payout to …
via visualcapitalist: There are two commonly held beliefs around income and age: 1) Earning trajectory is largely determined by the time a person is 35-years-old 2) Income is positively correlated with age How do these beliefs stand up to the actual …
by arghvark I’ve heard stories about people who got a raise only to find out that they were bringing home less money because of “taxes” on the additional income, and I’ve always been suspicious. It just didn’t sound right. So …
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent in October which is far below Econoday’s consensus range. Existing …
via @OccupyWisdom: Depends on the measuring stick. Real money (#gold) = sideways for 44 years Nominal dollars = all time high MACRO MINDSET
by Dlumb77 2 Observations: Increasing population. Unchanged Land availability. Competition through supply/demand dynamics will surely drive up prices in places that populations is increasing. Low Interest rates. We’re at the end of a 35 year decline in interest rates. With today’s …
by ghostofgbt I took 10 years of quarterly income statement data from the major FAANG companies and used EchartsJS to visualize it in 3D. I had a lot of fun learning this charting tool and it’s pretty interesting to see …
via visualcapitalist: View a high resolution version of this graphic. Inequality in America has become a major talking point in recent years. For many people though, the concept of inequality – the idea that wealth is spread very thinly at the lower end …
by WARREN MOSLER Income less than expected, spending ok, so savings fell: Highlights Income growth proved very slight in September with inflation steady and moderate and right on the Federal Reserve’s target. Personal income inched only 0.2 percent higher in …
Feds Collect Record Individual Income Taxes in FY 2018; Still Run $779B Deficit (CNSNews.com) – The federal government collected a record $1,683,537,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018), according to the Monthly Treasury Statement released …
This is an embarrassment! All that welfare and nothing to show for it . “But but we are the 5th largest economy “ “But but tech companies !” — Were California a Country It’d be the 17th Most Unequal Nation …
Do you think it’s reasonable to pay this much for a home? Right now in Canada, real estate is the LEAST affordable it has ever been. Wages have not kept up anywhere close to the rising expenses Canadians have encountered. …
Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from …
by Fabius Maximus Summary: While the news media fills the air with flotsam and jetsam, powerful forces reshape America. Chief among them is rising income inequality. Like so much happening to us, it results from rational policies skillfully executed by our …
by howmuch Wealth and income inequality are growing areas of concern. A report from Oxfam found that 82% of all wealth created throughout the world in 2017 went to the top 1%. 8 individuals literally own as much money as 3.8 billion people. It’s …
by Gary Christenson Miles Franklin sponsored this article by Gary Christenson. The opinions expressed are his. Several countries and cities studied and tested a universal basic income (UBI). At first glance it looks like giveaway nonsense: Who pays for the giveaways? Does the UBI …
by justfallingbehind Maybe this is stupid maybe it will get deleted but this is a small bit of advice and was a lot of learning for me. TL;DR it’s not about what you make it’s about how much you spend. …
by Jen_Bat Puerto Rico has its own Department of the Treasury, aka Hacienda. This is the agency that develops the tax returns (like the IRS does in the US), according to local and federal laws. Every person with employment income etc. derived …
via snakkerdudaniel: Source: https://factfinder.census.gov/bkmk/table/1.0/en/ACS/16_1YR/S1901/0100000US.04000 Tools: Microsoft Excel
Via Marketwatch Nearly half of Americans won’t owe a dime of federal income tax. Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President …
by yes_its_him So the IRS put out some aggregate information on 2016 taxable gross income reported by single people under age 26. 80% earned up to $25,000. Another almost 16% earned $25,000 to $50,000. So that’s collectively 96% of people in that …
Doug Ford cancels Ontario’s Guaranteed Income program (Link to article below) https://business.financialpost.com/op…
by WARREN MOSLER Flattened out at modest levels of growth with no sign that the tax cuts have led to an acceleration: Pending home sales fall for seventh straight month in July Signed contracts to buy existing homes fell 0.7 …
via Fye_Maximus: Full Article Here I got the data on how much is required to buy a home in each state from from HowMuch.Net, Their analysis uses home price data from Zillow from April 2018, and then Zillow’s mortgage calculator to figure …
by howmuch Paying for housing is usually the most expensive fixed cost that people have, and rightly so. Advisers recommend that to maintain a healthy budget, you should spend no more than one-third of net income on housing, whether you …
via @OccupyWisdom : https://twitter.com/OccupyWisdom/status/1032118924597444609 https://twitter.com/OccupyWisdom/status/1032118927583846401 https://twitter.com/OccupyWisdom/status/1032118930079473664 https://twitter.com/OccupyWisdom/status/1032118939470442496 https://twitter.com/OccupyWisdom/status/1032118952762245120 https://twitter.com/OccupyWisdom/status/1032118966121127937 https://twitter.com/OccupyWisdom/status/1032071468472049664