Forbes7 hours agoThis Week In Credit Card News: Trump Proposes Short Term Cap On Credit Card Interest RatesForbes - Bill HardekopfTrump Proposes Credit Card Interest Caps Donald Trump made headlines Wednesday night, promising a crowd in New York he would, if restored to the White House, put a “temporary cap on credit card interest rates … at around 10%,” if he were elected. Doing so would require Congress to pass legislation, …
Forbes9 hours agoExempting Tips From Federal Income Tax Would Benefit Very Few WorkersForbes - Howard GleckmanOnly a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities from federal income tax, according to a new Tax Policy Center analysis. Both Donald Trump and Kamala Harris have pitched versions of the idea in their 2024 presidential …
Forbes10 hours agoMore Retirees Have Debt. Is That Bad?Forbes - Bob CarlsonMore and more households led by someone age 55 or older have debt, according to recent research from the Employee Benefits Research Institute (EBRI). In 1992, 53.8% of older households had debt. But the percentage steadily increased from 1998 through 2019 before dropping a little from 2019 to 2022, …
Forbes10 hours agoIndian Tribe-Based Microcaptive Flops In Royalty ManagementForbes - Jay AdkissonThe eighth opinion by the U.S. Tax Court regarding microcaptive transactions has been issued, and it is the eighth straight loss for taxpayers. Royalty Management Ins. Co. v. CIR, T.C.Memo. 2024-87 (Sept. 16, 2024). Because this opinion is substantially redundant with the previous seven opinions …
Forbes12 hours agoShould Gold Be A Part Of Your Portfolio? (Part 2)Forbes - Rick MillerDo you ever wonder if you should add gold to your portfolio? Do you hold some gold now and wonder if you should keep it or sell and invest those assets? Any of these three beliefs might motivate an investor to hold gold. Spoiler alert – none of them stand up to scrutiny. In some future crisis, gold …
Forbes1 day agoStudent Loan Forgiveness Court Order Is Wreaking Havoc Across Repayment SystemForbes - Adam S. MinskyLast month, a federal appeals court issued an order blocking student loan forgiveness and reduced payments under a signature Biden administration initiative. But the broad scope of that order, and the Education Department’s actions to implement it, are causing chaos across the federal student loan …
