The Latest Debt & Finance Blog
There has been much talk this campaign year about a “Wealth Tax” and whether it would impact the wallets of middle and lower-income America, even if its name doesn’t. Rest…
Your company sent everyone home when the pandemic began last March and now that is your workplace so you’re probably wondering if that means you’re eligible for some serious tax…
Americans with student loan debt have a $1.6 trillion question on their minds: What would President Trump or a President Biden do about all that money these 45 million borrowers…
Americans were already struggling with medical debt before the COVID-19 pandemic, and, largely because of record-setting unemployment in the last six months, the issue is expected to get worse. About…
The gap between the presidential candidates on tax programs is Grand Canyon-esque. And that may understate it. President Donald Trump wants to continue the 2017 tax cut, which his campaign…
There hasn’t been much good economic news in 2020, but if you’re buried in student loans, there was an astoundingly positive development recently. Thanks to a recent court ruling, you…
The COVID-19 pandemic has created record unemployment, erased profit margins, closed businesses and wreaked havoc on almost every family’s money outlook. It has even affected America’s ultimate get-out-of-jail financial symbol…
Veterans indebted to the Department of Veterans Affairs won a partial payment reprieve this summer that will last at least through the end of 2020. The VA action extends a…
Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce…
Household debt in the U.S. was a record $14.20 trillion for the first quarter of 2020, which seems like a lot of debt and it is. If you stacked that…
Sources:
- Lynkova, D. (2020, June 19) 27 Millionaire Statistics: What percentage of Americans are millionaires? Retrieved from https://spendmenot.com/blog/what-percentage-of-americans-are-millionaires/
- Li, H. and Smith, K (2020, January 27) Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans. Retrieved from https://taxfoundation.org/wealth-tax/
- Irwin, N. (2019, February 18) Elizabeth Warren Wants a Wealth Tax. How Would That Even Work? Retrieved from https://www.nytimes.com/2019/02/18/upshot/warren-wealth-tax.html
- Hirschkorn, P. (1999, September 9) Trump proposed massive one-time tax on the rich. Retrieved from https://www.cnn.com/ALLPOLITICS/stories/1999/11/09/trump.rich/index.html
- Zeballos-Roig, J. (2019, November 7) 4 European countries still have a wealth tax. Here’s how much success they’ve each had. Retrieved from https://www.businessinsider.com/4-european-countries-wealth-tax-spain-norway-switzerland-belgium-2019-11
- Kurtzleben, D. (2019, December 5) How Would a Wealth Tax Work? Retrieved from https://www.npr.org/2019/12/05/782135614/how-would-a-wealth-tax-work