As remote work continues to define ways of working, one profession is emerging as the most in-demand: accounting. While tech jobs are usually the poster child for remote work, accounting has now taken the spotlight, offering attractive salaries and flexible work options. This shift is reshaping how and where accountants work, with significant implications for […]
Author: Mark Garro
Selling Your Home in Retirement: How to Save on Capital Gains Tax
Selling a home can be a significant financial event, especially for those approaching retirement. Understanding capital gains tax and its implications is crucial for homeowners who stand to profit substantially from their property sales. There are significant challenges and multiple options for homeowners that stand to benefit from downsizing. Understanding Capital Gains Tax Capital gains […]
Crypto News: What The New Bitcoin ETF Means For Investors
With the U.S. Securities and Exchange Commission’s recent approval of the first-ever spot bitcoin ETFs, the investment world is in a flurry of excitement. The development not only adds a new dimension to cryptocurrency investment, but also opens up broader opportunities for both individual and institutional investors. SEC Approves Bitcoin ETFs The SEC’s nod to […]
More Pain for Americans as High Living Costs Continue into 2024
The latest consumer price index reveals a higher-than-expected rise in December, signaling ongoing inflationary pressures. What does it mean for consumers? Higher-Than-Expected Price Increase In December, the consumer price index (CPI) in the United States rose by 0.3%, surpassing economists’ predictions. This unexpected increase brings the annual inflation rate to 3.4%, indicating that inflationary pressures […]
Housing Market Downturn: The Ripple Effect on Industry and Consumer Habits
In times of fluctuating interest rates and soaring home prices, the U.S. housing market is experiencing a significant cooldown, with the effects reaching across multiple industries and altering consumer behaviors. The Ripple Effect of a Cooling Market The recent downturn in the U.S. housing market is more than a real estate issue; it is impacting […]
Money-Saving Mistakes That Can Actually Cost You More
In an economic environment where every penny counts, missteps in saving strategies can lead to financial setbacks rather than gains. Wide Spectrum of Saving Strategies The quest to save money encompasses a wide spectrum of decisions, from everyday purchases to major financial commitments. While the intent is to safeguard finances, the approach to saving can […]
Urgent Call for Billionaire Tax: $8.5 Trillion in Untaxed Assets
The staggering accumulation of $8.5 trillion in untaxed assets by America’s wealthiest has sparked a critical conversation on the need for a billionaire income tax. This revelation highlights the vast economic divide and the pressing need for tax reform to ensure fair contributions from the ultra-rich. The Wealth Gap Exposed Recent findings by Americans for […]
New Gig Economy Rules – How Do They Affect Your Income?
The U.S. is poised on the brink of a major labor shift. The Biden administration is set to unveil a rule that could transform how gig economy workers are classified, impacting millions and stirring up a mix of reactions across various industries. A Groundbreaking Rule The Biden administration is about to introduce a rule that […]
Wealth Inequality: The Richest 1% Pay Lower Tax Rates in 41 States
In the United States, the debate over tax fairness has been reignited by a recent study. It reveals a startling disparity: in 41 states, the wealthiest 1% pay a lower tax rate than other income groups. This revelation raises significant questions about the equity of the American tax system. Stark Contrast in Taxation The study, […]
Texas Tops the States Attracting New Residents as California Plummets
A significant shift in American living preferences has emerged. More and more people are choosing to move to states with lower living costs, and Texas has become a prime destination. Texas Tops in Attraction In 2023, Texas led the nation in attracting new residents. The U-Haul Growth Index revealed that over half of its one-way […]