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Highlights from the September 2024 Farm Income Forecast

USDA ERS (.gov)
Net farm income, a broad measure of profits, is forecast to decrease by $6.5 billion (4.4 percent) from 2023 to $140.0 billion in 2024.
4 days ago

Where high-earning households are moving: It ain’t Michigan

Mackinac Center
There's an adage that whatever you tax more, you get less of. Michigan is learning this lesson the hard way as strong income earners flee...
3 days ago

The 'middle-income trap' is holding back over 100 countries. Here's how to overcome it

The World Economic Forum
The “middle-income trap” burdens over 100 countries, according to the World Bank. But what exactly is the trap? And, more importantly...
5 days ago

Department of the Treasury, IRS Announce $1.3 Billion Recovered from High-Income, High-Wealth Individuals Under Biden-Harris Inflation Reduction Act Initiatives

YubaNet
WASHINGTON, September 6, 2024—Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny...
2 days ago

$1.3B in unpaid taxes recovered from high-income Americans

The Hill
The Treasury Department announced Friday that it had recovered $1.3 billion of unpaid taxes from high-income Americans.
2 days ago

Explainer: Why is Japan reviving debate on higher tax on investment income?

Reuters
Japan's ruling party leadership race has revived debate on raising the country's tax on income from investments, a policy once shelved by...
3 days ago

3 High-Income Skills To Learn For Free Without A Degree In 2024

Forbes
Looking to build your income and learn a new skill this year? Here are three high-income skills you can learn for free without a degree in...
1 week ago

World Bank country classifications by income level for 2024-2025

World Bank Blogs
The World Bank Group assigns the world's economies [1] to four income groups: low, lower-middle, upper-middle, and high. The classifications are updated each...
2 months ago

How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts

CNBC
High earners may find it tricky to access tax breaks in individual retirement accounts. A workaround may help.
3 days ago

Predictable Portfolio Income During Unpredictable Times: My Favorite High-Income ETF That Pays Me Every Single Month

Benzinga
When it comes to "unpredictable times," I'd argue we're in the thick of it. Between underwhelming Q2 earnings reports from the Magnificent 7...
4 days ago