‘Invest, borrow against it, and die’: Scott Galloway explains how to avoid long-term capital gains taxes and take a loan. Here are the pros, cons of this approach

Story by Vishesh Raisinghani, Moneywise, 9/14/24 SOURCE: https://www.msn.com/en-us/money/personalfinance/invest-borrow-against-it-and-die-scott-galloway-explains-how-to-avoid-long-term-capital-gains-taxes-and-take-a-loan-here-are-the-pros-cons-of-this-approach/ar-AA1qztPF?ocid=msedgntp&pc=U531&cvid=790965585d994863a7b4910792856c95&ei=94 If you think the U.S. tax system is complicated, you’re not alone. Scott Galloway, professor of marketing…

How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Story by Caroline Bruckner, American University Kogod School of Business, The Conversation, 9/14/24 SOURCE: https://www.msn.com/en-us/money/taxes/how-do-9-states-get-by-with-no-income-tax-a-tax-expert-explains-the-trade-offs-they-choose/ar-BB1qxV5T?ocid=msedgntp&pc=U531&cvid=1c51da536a6d46409386f87961ccf234&ei=160 EDITORIAL: “When residents choose to live in a state, they…

Social Security Benefit Cuts Are Coming: Here’s the Timeline of How We Got Here and the Forecast of When These Cuts May Take Place

Story by Sean Williams, The Motley Fool, 9/8/24 SOURCE: https://www.msn.com/en-us/money/retirement/social-security-benefit-cuts-are-coming-here-s-the-timeline-of-how-we-got-here-and-the-forecast-of-when-these-cuts-may-take-place/ar-AA1qbJF2?ocid=msedgntp&pc=U531&cvid=d2a8045d49f94d2c9f67f3958b728b13&ei=58 For most retired Americans, Social Security is a vital income source without which they’d struggle…

Bill Gates said if he were in charge of the US tax system he’d have paid ‘tens of billions’ more

Story by Joshua Nelken-Zitser, Business Insider, 9/6/24 SOURCE: https://www.msn.com/en-us/money/personalfinance/bill-gates-said-if-he-were-in-charge-of-the-us-tax-system-he-d-have-paid-tens-of-billions-more/ar-AA1q6OqN?ocid=msedgntp&pc=U531&cvid=b85ca7fa70264f1ebb8e0589f0890bf2&ei=253 EDITORIAL: Notice who he DIDN”T mention: churches and families as a source of philanthropy and grace.…

Opinion: How to fix America’s federal finances

Opinion by David M. Walker, The Hill SOURCE: https://www.msn.com/en-us/money/personalfinance/opinion-how-to-fix-america-s-federal-finances/ar-AA1p8IgJ?ocid=msedgntp&pc=U531&cvid=052cbf9d4cdb4604a07eca853c62d458&ei=79 The federal government is now at record levels of both total debt-to-GDP and mandatory spending as a percentage…