(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd
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Economic Security Planning, Inc. Today’s column addresses questions about whether someone can switch to spousal benefits after already receiving a retirement benefit reduced for filing early, a public pension’s effect on potential spousal benefits and whether early survivor benefits will reflect the deceased spouse’s delayed retirement credits (DRCs). Larry Kotlikoff is a Professor of Economics
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Democrats on the House Ways and Means Oversight Subcommittee are demanding answers from Treasury Secretary Steven Mnuchin about why the Internal Revenue Service suddenly revoked the tax-exempt status of more than 30,000 nonprofit organizations, including nearly 28,000 charities, many of which are in their home states, shortly before the crucial holiday giving season. They noted
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Getty Images It’s no secret that many people worry whether Social Security will be there for them when they retire. And recent headlines could be stoking those fears. Last week, the Social Security Administration announced the annual cost-of-living adjustment will be 1.3% in 2021. The change will amount to just $20 more per month for
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Democratic presidential nominee Joe Biden and running mate Kamala Harris have said that, if elected, their administration would not raise taxes on anyone who makes less than $400,000 annually. We and other analysts from across the political spectrum concluded that the tax increases proposed by the Biden-Harris campaign, which include higher corporate and individual income
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Former vice president and Democratic presidential candidate Joe Biden’s tax proposal will limit direct tax increases to just 1.9 percent of taxpayers, a significant departure from the policies and impact of major tax revisions proposed by President Trump and enacted in late 2017, according to a report from the Institute on Taxation and Economic Policy.
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People receive food at a distribution site during the coronavirus pandemic. Spencer Platt | Getty Images News | Getty Images Alaska and New Jersey Delays in $300 unemployment Delays are largely attributable to sluggish state administration, which has been hampered by antiquated, decades-old technology and an elevated level of jobless claims. More than 25 million
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In the coming weeks, Paypal is preparing to launch a digital wallet and a Cryptocurrency Hub allowing its customers to buy, hold and sell cryptocurrencies like bitcoin, ethereum, bitcoin cash, and litecoin. Beginning in early 2021, PayPal PYPL users can also use the service to buy goods and services from 26 million merchants connected with
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Bloomberg Tax & Accounting has expanded its coverage of international tax research to more than 220 countries, with analysis of corporate taxation, value-added taxes and international withholding taxes, along with the changes brought about by the COVID-19 pandemic. The company offers a VAT Navigator that covers value-added taxes, goods and services taxes, and sales tax
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