Rep. Richard Neal, D-MA, chairman of the House Ways and Means Committee, and Rep. Kevin Brady, R-TX, the ranking member, during a Committee hearing on May 24, 2017 in Washington. Drew Angerer | Getty Images News | Getty Images House Democrats on Monday proposed raising the top tax rate on capital gains to 28.8%, one
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House Ways and Means Committee ChairmanRep. Richard Neal, D-Mass., (left) and ranking member Kevin Brady, R-Texas. Chip Somodevilla | Getty Images News | Getty Images House Democrats on Monday revealed a package of tax hikes on corporations and the rich without President Joseph Biden‘s proposed levy on inherited property at death, according to an outline
Families with school-aged children shouldn’t bank on spending time this summer in the countries opening to vaccinated travelers. Jordan Siemens | Stone | Getty Images House Democrats have unveiled a proposal to continue the expanded child tax credit through 2025. While one advocacy group, MomsRising, is “thrilled” with that development, executive director Kristin Rowe-Finkbeiner said
A tourist boat passes cowboy statues along Oklahoma City’s Bricktown Canal. Western heritage is a big draw in Oklahoma’s capital. Oklahoma City Convention and Visitors Bureau Ready to head out on vacation after the long pandemic-era drought — but not looking to go broke in the process? Online airport parking platform ParkSleepFly has ranked the
Travel + Leisure Club is a new subscription travel booking and concierge service. Travel + Leisure Group/Travel + Leisure Co. From private-jet clubs to theme park memberships, subscription services are increasingly the way to go when it comes to vacations and other leisure trips. For example, Internet sites Tripadvisor and Scott’s Cheap Flights — both
Chloe Wohlforth, pictured with her father Martin, who died in the terrorist attacks on the World Trade Center on Sept. 11, 2001, said she still feels his presence in her life today. Courtesy: Chloe Wohlforth For Chloe Wohlforth, Sept. 11, 2001 started out like an ordinary day. That began to change as she was sitting
kate_sept2004 | E+ | Getty Images In just a few months, the new child tax credit featuring advance monthly payments has relieved financial instability and lowered food insecurity for many families with children. Continuing the expanded credit beyond 2021 would slash child poverty even further, reducing it to about 8.4% from 14.2%, a fall of
Money and mental health are connected. Financial problems can make you stressed, anxious or depressed, and those feelings, in turn, can have a big impact on your finances. In fact, anxious or stressed adults are more likely to engage in costly financial behaviors, including withdrawing cash from retirement accounts and borrowing from high-cost financial services
Drew Angerer | Getty Images News | Getty Images Democrats may scuttle tactics used by the rich to pass wealth to heirs with little to no tax, part of a broader plan to raise money for an expansion of the U.S. safety net. Specifically, the party is considering disallowing some complex trust-planning techniques used by
Spencer Platt | Getty Images News | Getty Images Federal unemployment benefits lapsed on Labor Day. But there’s good news for Americans who’ve been waiting weeks or months for that aid to arrive: They can still collect back pay past the cutoff date. Workers who haven’t yet applied for the federal assistance can still do
Trevor Williams | DigitalVision | Getty Images If you’re like most people, you probably assume you know more than you think you do, even if you don’t realize it. That false sense of security allows us to be decisive in the face of great uncertainties. But when it comes to investing, that can backfire, according
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The top 1% of Americans may be dodging as much as $163 billion in annual taxes, according to a report from the U.S. Department of the Treasury. This estimate widens the so-called tax gap — the shortfall between