The Australian government must make radical changes to superannuation to deal with future budget shortfalls in defence, aged care, and the National Disability Insurance Scheme. A move Prime Minister Anthony Albanese has refused to commit to. Grattan Institute Economic Policy Program Director Brendan Coates says superannuation tax breaks cost the federal budget $45 billion (US$29.9 billion) a…
Think Tank Calls for Super Tax Breaks to Be Whittled Away
The Australian government must make radical changes to superannuation to deal with future budget shortfalls in defence, aged care, and the National Disability Insurance Scheme, a think tank has said. This is despite Prime Minister Anthony Albanese’s refusal to commit to anything of this nature. Grattan Institute Economic Policy Program Director Brendan Coates says superannuation tax…
America’s Banking Regulators Have Failed
April 2, 2023
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Commentary March 28 hearings on bank regulation exposed the shortfall of federal regulation. The hearings came in the wake of the Silicon Valley Bank (SVB) failure and the stresses on other banks, like Signature and Republic. To put it frankly, the hearings exposed our regulators appear to be virtually useless. Among things we learned last week:…
4 Ways to Set Up Your Personal Finances Right and Tackle Your Financial Goals This Year
By Kale Goodman The start of the new year ushers in new resolutions and goal setting, ranging from getting in shape to quitting bad habits or even learning a new skill. It’s also the ideal time to take on new financial goals. These might include paying off debt, purchasing a new car or putting more…
Manage the Costs of a Chronic Condition
For millennials with chronic medical conditions—or those raising kids with chronic conditions—health care can be an enormous monthly expense. About 44 percent of older millennials born between 1981 and 1988 have at least one chronic health condition, including migraines, major depression and asthma, according to a 2021 survey of over 4,000 adults conducted by The…
Marriage, Divorce and Taxes
By Sandra Block From Kiplinger’s Personal Finance Marriage and divorce can affect your taxes. If you experienced either of those in 2022, here’s how to minimize their federal tax bite. Marriage Following a pandemic pause, more than 2 million couples got married in 2022. If you’re among the newly hitched, filing your first tax return…
Closing Prices for Crude Oil, Gold and Other (Mar. 31)
March 31, 2023
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Benchmark U.S. crude oil for May delivery rose $1.30 to $75.67 a barrel Friday. Brent crude for May delivery rose 50 cents to $79.77 a barrel. Wholesale gasoline for April delivery rose 4 cents to $2.70 a gallon. April heating oil rose 6 cents to $2.68 a gallon. May natural gas rose 12 cents to…
IRS Says Major Changes Are Coming to Electric Vehicle Tax Credits Next Month
The Internal Revenue Service (IRS) announced Friday that it would propose rules that would make it more difficult for a number of new electric vehicles (EVs) to qualify for tax breaks, according to a news release. Starting April 18, the IRS will enforce a domestic sourcing requirement for minerals and components used in EV batteries,…
Closing Prices for Crude Oil, Gold and Other Commodities （Mar. 30）
March 30, 2023
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Benchmark U.S. crude oil for May delivery rose $1.40 to $74.37 a barrel Thursday. Brent crude for May delivery rose 99 cents to $79.27 a barrel. Wholesale gasoline for April delivery fell 1 cent to $2.66 a gallon. April heating oil fell 4 cents to $2.62 a gallon. May natural gas fell 8 cents to…
How to Avoid Paying Dividend Taxes
March 30, 2023
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Receiving dividends regularly provides an excellent opportunity to earn more money. If you are retired, the money can supplement your income and make it more comfortable. The good news is that there are some tactics you can use to avoid dividend taxes. The Capital Gains Tax Rate Taxes on dividends partially depend on how much…
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