When real estate is sold, it’s typically taxed at a capital gains rate, which is lower than an income tax. That could be changing. Rick Gomez/Getty Images Sen. Joe Manchin struck a surprise deal on Wednesday with Senate Majority Leader Chuck Schumer. The deal, which would put billions toward climate spending, is offset by targeted…
Monthly Archives: July 2022
Whoopi Goldberg appears on ABC’s “The View” The View/ABC/YouTube Whoopi Goldberg apologized on “The View” on Thursday for remarks linking Turning Point USA to neo-Nazis. Goldberg took back comments accusing TPUSA of being “complicit” in a neo-Nazi protest. TPUSA had threatened “The View” with legal action unless the co-hosts retracted their remarks. Whoopi Goldberg made…
Renderings by DesignAgency Dimensions Algonquin Highlands will begin welcoming its first guests in July. The property will have private cabins, on-site activities, and psychedelic-based ceremonies. The psychedelic wellness market has recently skyrocketed in popularity. Luxury travel no longer exclusively means first class flights, hotel suites with hot tubs, and private butlers. It now means cannabis,…
The aftermath of a shelling at a pre-trial detention center in the course of Ukraine-Russia conflict, in the settlement of Olenivka in the Donetsk Region, Ukraine July 29, 2022. REUTERS/Alexander Ermochenko Twitter has hidden a tweet made by the Russian Embassy in the UK, saying that it violates their hate speech rules. The tweet said…
What’s that final receipt check about? Tim Boyle/Getty Images Costco is one of America’s favorite retailers. Die-hard fans have probably noticed that receipts always get checked one final time upon exiting the store. So what’s that last check all about? “It is to make sure you have what you paid for, but it is also…
Getty Charter Communications is being ordered by a Texas jury to pay $7 billion in punitive damages. The damages would go to the family of an 83-year-old woman who was robbed and killed by a Spectrum technician. A lawyer told WSJ the punitive damages will probably be reduced by the case’s judge. Charter Communications is…
Hollis Johnson CEO Brian Niccol says high-income customers are increasing Chipotle trips in place of more expensive dining. Chipotle says it relies on high-income customers for the bulk of sales. The chain has raised prices in the past year and plans to bump them again in August. Inflation is changing how Chipotle customers behave, and…
Nearly 68% of US marketers from companies with 100 or more employees will use influencer marketing in 2021. And influencer and other paid content will represent 20% of US agency and marketing professionals’ digital ad budgets in 2021. Do you work in the Marketing, Media & Advertising industry? Get business insights on the latest tech…
Senate Majority Leader Chuck Schumer and Sen. Joe Manchin Drew Angerer/Getty Images Sen. Manchin’s surprise spending bill would put billions toward the climate and prescription drug prices. The bill, aimed at reducing inflation, is paid for by taxes on corporations and wealthy investors. Most taxpayers won’t see a change, and might even get some rebates…
Sen. Joe Manchin speaks with Sen. Kyrsten Sinema Jacquelyn Martin/AP Photo Manchin and Sinema are about to collide on a tax loophole affecting wealthy investors. Manchin wants to close carried interest, but Sinema may knock the change out of the bill. It’s possible Democrats will wait days, if not weeks, before Sinema breaks her silence….