The tax code is written so that the accumulated capital gains taxes are eventually supposed to be paid. But when an individual owns the real estate, the properties can be held until death. At that point, all of the embedded capital gains are wiped out, so no capital gains tax is owed. The family inherits […]
How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes Read More »
Democratic presidential candidate Elizabeth Warren’s plan to battle the nation’s drug addiction problem drew an enthusiastic response Friday in a small West Virginia community waging its own fight against opioid abuse. Warren outlined her idea to tax the wealthiest Americans and deliver sorely needed funding directly to hard-hit communities. The Massachusetts senator is proposing to
Warren’s opioids message applauded in hard-hit West Virginia Read More »
Image copyright Getty Images Image caption Prakazrel Michel has been charged with making contributions to a presidential campaign A founding member of hip-hop group The Fugees and a Malaysian businessman have been charged with making illegal contributions in the 2012 US presidential election campaign. Low Taek Jho, known as Jho Low, allegedly transferred more than
Fugees’ Prakazrel Michel charged in election finance case Read More »
Image copyright PA Image caption Mr Corbyn will say that young people’s work “should be properly valued” Labour will extend its plans for a higher £10 an hour minimum wage to include workers under the age of 18, party leader Jeremy Corbyn is to say. Currently, under-18s are entitled to a minimum wage of £4.35
Labour pledges £10 minimum wage for under-18s Read More »
In the past 40 years, Iraq has endured three major wars, a violent coup, two invasions, a decade of bombing, two insurgencies, attack by the so-called Islamic State group and a sectarian civil war. All have taken their toll on the population’s mental health. The country holds only one psychiatrist for every 300,000 Iraqi people
Iraq: A state of mind, Maryam’s story Read More »
The composer, musician and vocalist Esperanza Spalding has won four Grammy Awards, teaches songwriting at Harvard and is currently working on an opera with the composer Wayne Shorter. An expanded edition of her album “12 Little Spells,” named one of the best albums of 2018 by The Times, will be released May 10. Based in
What Esperanza Spalding Can’t Travel Without Read More »
Over the past decade, Uber changed urban transportation, disrupted entrenched taxi industries, defied regulators the world over and beat back questions about how it was altering the nature of work. On Friday, it was tamed by Wall Street. The ride-hailing giant’s first day of trading on the New York Stock Exchange began with a drop
Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O. Read More »
Addison Russell says he understands the booing he has heard since returning to the Chicago Cubs after his suspension for violating baseball‘s domestic violence policy, calling it “a serious issue.” Russell received a mostly chilly reception when he played Wednesday against Miami in his first major league game since September. Russell’s second start drew a
Cubs INF Russell says he understands fans’ booing Read More »
He has more than 2 million followers on Twitter, 600,000 YouTube subscribers and his videos on the Daily Wire channel rack up millions of views. Ben Shapiro is a controversial figure but one of the US’ leading conservative political commentators. His book, The Right Side of History: How Reason and Moral Purpose Made the West
Andrew Neil and Ben Shapiro on abortion, Obama and Middle East Read More »
“People, Power, and Profits” goes beyond diagnosis to treatment. At the core of Stiglitz’s plan is the strengthening of the state. “The view that government is the problem, not the solution, is simply wrong. To the contrary, many if not most of our society’s problems, from the excesses of pollution to financial instability and economic
An Economist Who Believes Only Government Can Save Capitalism Read More »
