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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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2 mins read

Donald Trump reportedly wants to raise tariffs to pay for tax cuts

Critics of Trump's tariff proposals say that they would raise costs for Americans and stoke further…

Filip De Mott   


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2 mins read

Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn

Treasury Secretary Janet Yellen and her predecessor Larry Summers called out Trump's plan to replac…

Filip De Mott   


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2 mins read

Here's an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.

A global universal basic income funded by carbon taxes could grow the global GDP by 130% while prom…

Katie Balevic   


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2 mins read

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…

Filip De Mott   


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2 mins read

Trump's plan to tax the entire world will result in the type of global trade war not seen since the Great Depression, think tank says

"The Trump plan is for increased tariffs on all products from all countries. It is not just America…

Filip De Mott   


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2 mins read

Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state

The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping th…

Cork Gaines   


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1 min read

Here are the 10 states where the middle class pays the most in taxes and the 9 states where they pay no state income tax at all

For example, Tennessee (ranked No. 24), Texas (No. 21), and Washington (No. 5) are in the top half …

Cork Gaines   


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1 min read

10 states that have the lowest tax burden on the wealthy and the 10 with the highest

Here are the 10 states where wealthy residents pay the highest percentage of their income on state …

Cork Gaines   


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4 mins read

People are getting taxed for gig work they've never done

Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …

Alex Bitter   


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4 mins read

A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks

The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…

Cork Gaines   


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10 mins read

From ALICEs to geriatric millennials: Your complete guide to America's weird new tribes

Keep mixing up your DIPS and DINKs? You've come to the right place.

Erin Snodgrass,Jacob Zinkula   


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5 mins read

A couple who achieved financial independence and retired in their 30s shares their $280,000 a year budget raising 2 kids in San Francisco

Sam Dogen and his wife, both of whom retired in their mid-30s, share how they budget their money to…

Noah Sheidlower   


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3 mins read

Support like child tax credits and basic income reduces child abuse, researchers found

Doctors found that giving financial support to low-income families could lower rates of child negle…

Allie Kelly   


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8 mins read

America's poverty line is letting millions slip through the cracks here's how we could fix it

Many Americans are struggling financially but don't qualify for aid because they technically make a…

Juliana Kaplan,Noah Sheidlower,Allie Kelly   


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5 mins read

Welcome to the age of geriatric millionaires

Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…

Juliana Kaplan   


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3 mins read

As the heat goes up this summer, so do cooling costs

The average cost to cool homes could be $719, a nearly 8% increase from the same period last year.

Catherine Boudreau   


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3 mins read

South Africa's cash giveaway plan is not universal basic income, experts say

A South African program would pay too little money to too few people to qualify as universal basic …

Theron Mohamed   


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4 mins read

A retired couple gets $23 monthly from SNAP and uses credit cards to buy groceries. They worry about going hungry.

Mary Dacus and her husband Stephen receive $23 a month in SNAP benefits. They are one of 40 million…

Allie Kelly,Madison Hoff   


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4 mins read

A shortage of young men in the workforce could weigh on housing, Social Security, and growth for years to come

Around 7.2 million men have dropped out of the workforce. That has a host of consequences that coul…

Jennifer Sor