626. Ten Myths About the U.S. Tax System

Macy’s wants to recapture its glorious past. The author of the Wimpy Kid books wants to rebuild his dilapidated hometown. We just want to listen in. (Part two of a two-part series, first published in 2024) SOURCES:Mark Cohen, former professor and director of retail studies at Col ... Show More

<p>The iconic department store calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker — at least we think it is: when it comes to parade economics, Macy’s is famously tight-lipped. In this 2024 episode, we try to loosen them up. (Part on ... Show More

<p><strong>Notes from James:</strong></p> <p>What if I told you that we could eliminate the IRS, get rid of personal income taxes completely, and still keep the government funded? Sounds impossible, right? Well, not only is it possible, but historical precedent shows it <em>has</ ... Show More

<p>Nobel Prize-winning economist Esther Duflo brings her data-driven precision to the climate crisis — and the numbers are damning. While world leaders haggle over finances at endless summits, rising temperatures will kill millions in the poorest countries by the end of this cent ... Show More

<p>With a tiebreaking vote from Vice President JD Vance, the Senate has adopted President Trump’s giant domestic policy bill, which now heads back to the House for a final vote.</p><p>The legislation is defined by the staggering amount of debt it will create: more than $3 trillio ... Show More

A political history of the rise and fall of American debt relief. Americans have a long history with debt. They also have a long history of mobilizing for debt relief. Throughout the nineteenth century, indebted citizens demanded government protection from their financial burdens ... Show More

2024 may be long gone, but it’s NOT too late to lower your taxes for the previous year. If you have real estate or retirement accounts, you already hold the key to minimizing your taxable income and owing less to Uncle Sam. But how do you do it? We’re sharing 2024 and 2025 top ta ... Show More

There’s a huge problem impacting our economy and we need to talk about it – Americans are absolutely drowning in credit card debt. In the fourth quarter of 2023, Americans’ total credit card balances increased by $50 billion, reaching a total of $1.129 trillion, according to data ... Show More

Explore how the 2024 presidential candidates' tax plans could impact your finances and what to know before voting. What tax proposals are the 2024 presidential candidates making, and how might these policies affect your finances? What should you know before voting on tax issues? ... Show More

<p>In sixty years, we have gone from 2 billionaires in the United States to just under 2,000. How on earth did that happen?</p><p>Today, Timothy Noah from the New Republic takes us all the way from our framers fearing excessive wealth to the country's first (potential) trillionai ... Show More