Shock

A Shock for Many Retirees: Social Security Benefits May Be Taxed – The New York Times

Social Security benefits were not taxed at all until 1984. Then in 1993, Bill Clinton signed a law that expanded tax thresholds and made up to 85 percent of benefits taxable for recipients with total income of more than $34,000 ($44,000 for co-filers). Anyone who earns less could have to pay tax on up to … [Read more…]

Bitcoin’s 160% Recovery in 2023 Is a Gamble on ETFs “Demand Shock” – Yahoo Finance

(Bloomberg) — The sense of doom that gripped crypto markets in late 2022 after a $1.5 trillion loss has given way 12 months later to a very different mood: stinginess. Most read by Bloomberg Bitcoin stormed back this year with a gain of more than 160%, adding around $530 billion to its market capitalization. As … [Read more…]