The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images The White House announced President Joe Biden intends to nominate Danny Werfel — a former budget official and private sector leader — to run the IRS as the agency prepares for a makeover. Prior to his current role at Boston Consulting Group, Werfel
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Gary John Norman If you make more than $1 million a year in Massachusetts, you may soon be subject to a “millionaire tax” approved by voters this week through a ballot initiative. The new law creates a 4% tax on annual income above $1 million, on top of the state’s current 5% flat income tax,
Art handlers hold a painting titled “La montagne Sainte-Victoire” by Paul Cezanne (estimate on request: in excess of $120,000,000) during a photo call to present the highlights from the estate of the philanthropist and co-founder of Microsoft, Paul G. Allen in London on Oct. 14, 2022. Wiktor Szymanowicz | Anadolu Agency | Getty Images Christie’s
Anadolu Agency | Anadolu Agency | Getty Images The $2.04 billion Powerball jackpot has a winner — well, two, if you count Uncle Sam. A single ticket sold in California matched all six numbers pulled in the delayed drawing, which was held Tuesday instead of Monday night due to one state needing additional time to
The investments of 125 billionaires cause 393 million tonnes of carbon dioxide emissions each year according to a report published by global poverty charity Oxfam. Florian Gaertner / Contributor / Getty Images The investments of 125 billionaires produce 393 million metric tonnes of carbon dioxide emissions every year, according to a report by Oxfam. That’s
In this article RCL NCLH Follow your favorite stocksCREATE FREE ACCOUNT Outbreaks, port refusals, travelers stuck onboard. Cruise ships dominated the news in early 2020 for all the wrong reasons. Some people predicted the industry would never recover. But cruising fans say: That’s ancient history. “Given a choice, we would be living on the
Justin Tallis | Afp | Getty Images Retirement savers in some 401(k) plans are starting to get access to cryptocurrencies like bitcoin. Fidelity Investments, the largest provider of 401(k) plans by total assets, began offering a Digital Assets Account to clients this fall, a spokesperson confirmed. Employers sponsoring a 401(k) plan through Fidelity can choose
Jonathan Alcorn | Reuters If you manage to beat the odds stacked against hitting the Powerball jackpot, don’t forget you’ll have a silent partner in the win: the taxman. The jackpot for Saturday night’s drawing is now the largest lottery prize ever at an estimated $1.6 billion — pretax — if you were to opt
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, especially, the food in all of these different countries … and how local and specialized they were in different
Source: CNBC Standing at one of the five cooking islands in his kitchen, Mick Kittredge rattles off the outsized statistics for his newly listed home. Over 60 acres. Nearly 120,000 square feet of living and recreation space. A total of 14 fireplaces, 25 bathrooms, 16 bedrooms and four tennis courts. The western Massachusetts estate is
In 1999, director Brad Bird’s movie “The Iron Giant” hit theaters. It was a commercial failure, costing an estimated $70 million to make and earning only $23 million at the box office worldwide. The experience reportedly left Bird wondering if he was cut out to make it in the film industry. He had no idea
Gene Blevins | Reuters The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the pretax amount you’d get if you were to receive your windfall as an annuity spread over three decades. Yet most jackpot winners choose the upfront one-time cash payment — which, for