While we cope with the immediate crises of Russia’s unjustified invasion of Ukraine, rising inflation, and political turmoil, we’ve been reminded recently of a pervasive, lurking problem: climate change. Scientists have recently documented the rising risks we face globally, including specifically how climate change affects cities and what they can do about it. The documentation
Taxes
Non-fungible tokens, or “NFTs”, have been the subject of breathless media coverage since early 2021. Are NFTs the new Dutch tulip craze? Anyone who has taken Econ101 in college, probably remembers the Dutch tulip story. It may have even sounded fabricated at the time. When the tulips were being exported and sold (usually to the
The IRS has not provided any specific guidance as of the date of this article on the taxation of NFTs, even though there is some guidance on the taxation of cryptocurrencies. The core IRS statements on cryptocurrency to date have been IRS Notice 2014-10 and a series of FAQs issued in late 2019. As with
Today’s Social Security column addresses questions about whether income after 70 can increase benefit rates, taking retirement benefits before survivor’s benefits and how the earnings test is applied if your income ends in the middle of the year. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
What will deliver higher returns over the next 12 months, I bonds or bitcoin? A year ago such a question would have been silly. Today, not so much. Bitcoin BTC has struggled in 2022, down more than 10%. In contrast, I bonds are set to deliver an estimated 9.62% annualized return starting next month. Here’s