Biden Proposes Taxing Higher Income Earners To Help Save Medicare

Topline The White House unveiled a budget proposal Tuesday to extend funding for Medicare at least till the 2050s by raising taxes on high-income individuals and negotiating lower prices for prescript...

Republicans’ first bill makes tax fraud easier for high earners

Big hammer goes boom. Republicans set the tone for their next two years running the House of Representatives by enacting legislation that would add $114 billion to the deficit over the next decade, ac...

“White Collar Recession” 2023 – Why The Highest Earners May Fall Fastest

| Getty Images Key Takeaways White-collar workers might face more job uncertainty in the coming months. Tech layoffs may have signaled the start of challenging times for white-collar workers. Increase...

Massachusetts Voters Approve ‘Millionaires Tax’ As Californians Reject An Income Tax Hike On High Earners

In the 2022 midterm elections, Massachusetts voters approved Question One, a constitutional … [+] amendment that will create a new 9% income tax rate applying to income above $1 million. getty I...

Data Indicates Cristiano Ronaldo’s Salary Dwarfs Ex-Premier League Top Earners

Ronaldo, who scored a record 451 goals for Real Madrid, is gradually reintegrating into first-team … [+] contention at the club level. Offside via Getty Images Cristiano Ronaldo may not be the b...

6 Key Areas Of Personal Finance For High Earners Like Home Run King Aaron Judge

| Getty Images Key Takeaways Aaron Judge is in the highest tax bracket, paying 37% for Federal and 10.3% for New York State taxes. For him, tax considerations are very important. For every additional ...

The S&P 500’s Biggest Earners Look Relatively Cheap

S&P 500 Exchange Traded Fund Investment Asset Stock Market Money getty Core Earnings for the S&P 500 reached record heights in 2Q22. However, this earnings power is unevenly distributed amongs...

LIV Golf Reshuffles Top Earners And Sends Pay Soaring

Thanks to Saudi Arabia’s bottomless well of petrodollars, LIV Golf has boosted the earnings of the top ten golfers by an estimated $370 million since June, bringing their combined haul to a record $65...

36% of high earners are living paycheck to paycheck

South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees w...

IRS working to boost audit rates for higher earners

Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently released with the agency’s annual Data Boo...

New Tax On High Earners And Billions For Police, Housing And More

Topline President Joe Biden on Monday released a $5.8 trillion budget proposal for the upcoming fiscal year packed with Democratic legislative priorities such as affordable housing and healthcare, in ...

5 Stocks Top Earners Steven Cohen And David Tepper Agree On

Summary The gurus were among the top 10 hedge funds that made the most money. Earlier this month, the 21st annual Institutional Investor’s Rich List revealed that hedge fund giants Steven Cohen (Trade...

Why high gas prices fall harder on lower earners

High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it. That’s because low earners funnel a bigger share of their budgets to transportation cost...

Low earners hit hardest by inflation as savings and pandemic aid dwindle

Sopa Images | Lightrocket | Getty Images Inflation Consumer prices in January rose 7.5% from a year earlier, the fastest annual pace in 40 years. However, households don’t feel those price shock...