Personal Finance Daily

Sept. 25, 2021, 10:58 a.m. EDT

Billionaires’ income taxes are a tiny fraction of what they make, and get ready for a lot more spam texts

By Elisabeth Buchwald

Don’t miss these top stories.

Former Oppenheimer analyst charged with insider trading that netted $8.5 million

A former quantitative analyst for a global asset manager was charged with securities and wire fraud for allegedly using nonpublic information to commit insider trading that netted him more than $8.5 million in profit, according to a complaint unsealed Thursday in federal court. Read More

Billionaires’ income taxes are a tiny fraction of what they make, White House says. Here’s the average rate they pay

Rich families were moving fast to report capital gains in their 2020 tax returns ahead of potential rate increases proposed by Democrats. Read More

‘Bamboozled’: Texas trade school operator used veterans’ GI Bill cash for mansion, Lamborghini, Ferrari and Bentley

Jonathan Dean Davis was sentenced to 19 1/2 years for running a for-profit HVAC school that prosecutors say didn’t teach even basic skills . Read More

My bank accidentally deposited $10K in my account. I reported it, then moved it to my savings account. Have I done enough?

‘I have made an earnest attempt to get the bank to take their money back, so I was wondering if at any point or time the money would become legally mine.’ Read More

What is the Mercedes-Benz EQB?

This is the German automaker’s all-electric version of the popular compact GLB SUV. Read More

Got a side gig? Turn it into a real business: Here’s how

Whether it’s your dream or purely out of necessity, following these five steps can help you transition your business from a side hustle to self-employment. Read More

Robocalls are biting the dust, but get ready for a lot more spam texts

Here’s how to protect yourself from robotexts, which bilked consumers out of $86 million in 2020, according to the Federal Trade Commission. Read More

‘People are upset.’ Will proposed IRA tax changes targeting the rich hurt smaller nest eggs?

The Ways and Means Committee’s proposed tax law changes zero in on how the super-rich use self-directed individual retirement accounts (IRAs). Read More

‘The era of sub-3% mortgage rates may be behind us’: The Fed’s policy shift could have major repercussions for home buyers

Economists expect the Federal Reserve will begin tapering its asset purchases later this year, which would have a direct impact on the mortgage market. Read More

Foreign investment in U.S. real estate poised for comeback as travel restrictions loosen

The volume of real-estate purchases by international buyers dropped to the lowest level in a decade over the last year as a result of the COVID-19 pandemic. Read More

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