The qualified business income (QBI) deduction was a centerpiece of the 2017 Tax Cuts and Jobs Act (TCJA). The write-off is available to eligible individuals through 2025. The QBI deduction can be up to 20% of: (1) QBI earned from a sole proprietorship or a single-member LLC (SMLLC) that’s treated as a sole proprietorship for…
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That’s how a friend of mine, a veteran money manager with an excellent track record, described the inflation situation and the bond market at the moment. Oh, and that comment was made before the latest dismal inflation report, which is even worse than the headlines suggest. Read: ‘This is a daunting time to retire’: In…
For months, analysts have been concerned that the global semiconductor shortage could flip quickly into a glut when it ended if customers had double- or triple-bought chips in the early days of the COVID-19 pandemic, and chip stocks started selling off at the beginning of 2022 as a result. Over the course of January alone,…
The Dow Jones Industrial Average traded lower in early afternoon Wednesday, but was off the day’s worst levels and the Nasdaq Composite index inched up in the wake of data showing US inflation climbed to a new 41-year high of 9.1% in June, as gasoline prices surged. How are stock indexes trading The Dow Jones…
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After Lynne Garell’s husband died of cancer, she told friends she was moving to France for a year. She needed a new adventure, she told them. She arrived in south-central France with a 12-month visa, a lease for an 800-euro-a month two-bedroom apartment in a village of 1,200 people, knowing no one. Four years later,…
“Staggering.” “Ugly.” “Brutal.” And. “Out-of-date.” Those are some of the words that investors, analysts, and even President Joe Biden, used to sum up the US June consumer price index report released on Wednesday. The report produced a 9.1% annual headline inflation rate, an almost 41-year high, that surprised financial markets by coming in even hotter…
I was onstage recently at a theater in Minneapolis with the improvisational comedy team The Theater of Public Policy, or T2P2. Co-founders Tane Danger and Brandon Boat conceived the idea of bringing on stage someone to talk about a serious topic – the economy in my case – and take questions from the host and…
Read More “Intergenerational conflict is a myth — here’s the real problem” »
Oil futures moved up on Wednesday, staging a partial rebound from losses that pulled US and global benchmark crude prices below $ 100 a barrel, even as US crude supplies climb for a second week in a row and traders continued to weigh risks to energy demand. Price action West Texas Intermediate crude for August…
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The World Health Organization said Tuesday the coronavirus pandemic remains a public health emergency, and warned that a reduction in surveillance, including testing and sequencing, is making it difficult to assess the impact of new variants. “The virus is running freely and countries are not effectively managing the disease burden based on their capacity, in…
When considering the age you should file for Social Security benefits, often a break-even analysis is performed to compare the result between one filing age versus another. The problem is that break-even analyzes are good for comparing investments, and Social Security is not an investment, it is insurance, insuring you against living longer than expected….
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