Note & Real Estate News

Published: Wed, 04/27/22

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Note & Real Estate News

Inflation Edges Higher, Affecting Housing

The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer price index’s jump.

Biden Proposes New Minimum Tax on Billionaires, Unrealized Gains

President Biden has unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.

Why a Billionaire’s Tax Could Be Bad for You

The Biden administration is proposing a new tax on households worth more than $100 million. Tagged as a “billionaire tax,” the new levy would apply not just to ordinary income, but also to unrealized capital gains.

REPORT: Rents Across U.S. Skyrocket

Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021.

Why the Public is Not Happy with Inflation!

In 1913 folks could buy a five-course meal and iced tea for 10 cents.
That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%.

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