Here are six ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
The wealthiest taxpayers have many tools at their disposal to pay less to Uncle Sam. Some tactics, like donating to charity via trusts, might seem far-fetched but are perfectly legal. Lawyers and bankers to the ultra-rich told Insider how these rarified techniques work. Americans can give or pass on nearly $13 million in assets without…
Jokeeta and Donte Marzett make tens of thousands of dollars on every home they flip. They share how they finance their home purchases and remodels — and how to mitigate risks associated with flipping.
Jokeeta and Donte Marzett have executed several home flips. They said they’ve used a hard money lender for purchase and repair costs. To mitigate risks, they recommend having an exit strategy and good underwriting skills. Flipping houses has become a lucrative source of income for Jokeeta and Donte Marzett. According to closing statements obtained by…
Goldman Sachs’ summer internships are coming to a close. A former intern turned partner breaks down the 5 secrets to successfully snagging a return offer.
A Goldman Sachs internship can be a golden ticket, but getting a job offer isn’t guaranteed. Partner Dave Friedland debunks the myth of limited spots and shares the secrets to success. Intern India Stephenson says attitude can be more important than financial modeling. While many college students take internships to build their resumes and earn…
Hedge fund performance in July was muted. But Citadel distanced itself from Point72, Millennium, and other competitors.
Top multi-strategy hedge funds trailed the stock market in July. Citadel led the pack, gaining 1.3% last month and pushing its 2023 tally to 8.6%. Verition bested most of its peers, gaining 1.2% in July. It’s up 4.1% for the year. The summer doldrums are approaching, but the stock market has maintained its hot streak.…
Disgraced Harvard professor Francesca Gino’s $25 million lawsuit will scare researchers away from calling out suspected fraud, scholars fear
Francesca Gino is suing Harvard and bloggers who accused her of data fraud for $25 million. Gino claims the university and bloggers at Data Colada worked “to destroy my career and reputation. “Some scholars worry that the lawsuit will hinder future attempts to root out fraud in the field. Francesca Gino has filed a $25 million lawsuit…
The remote work revolution is officially dead: Zoom just told employees to return to the office.
Zoom is asking some employees to come back to the office regularly. The move is surprising given how much the company benefitted from remote work. Last year, Zoom said less than 2% of its workforce would work from an office. The revolution in remote work is officially over. Zoom, one of the primary enablers and beneficiaries…
Salesforce chief people officer Brent Hyder is leaving, internal message shows
Salesforce Chief People Officer Brent Hyder is leaving the company. His exit was announced in an internal Slack message viewed by Insider. In June, Hyder offended some employees during the company’s annual LGBTQ+ Pride month kickoff. According to an internal message obtained by Insider, Salesforce Chief People Officer Brent Hyder is leaving the company. “I share this…
Google and Meta are creating so much new ad inventory, it’s causing big price drops. Here’s how much ads cost across the Big Tech giants.
Meta and Google are seeing a rebound in advertising revenue. Ad prices declined in the second quarter as new formats like Reels and Shorts rolled out. Insider compiled data from five firms that track digital ad prices. After a few rough quarters, Google and Meta’s ad businesses are on the mend, and they’re producing so…
Don’t “bully,” judge tells jurors in San Jose State athletic trainer’s sexual assault case
A day after jurors deliberating on the fate of a former San Jose State athletic trainer accused of sexually assaulting female athletes hit a “rough patch” and ended deliberations early, the federal judge in the case admonished them Thursday to “not bully or antagonize other jurors.” U.S. District Judge Beth Labson Freeman also told the…
