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☆ Here's why IRS tax audits have declined over the past decade
▼ + stars: | 2023-04-01 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Tax season is upon us, and along with it comes the ensuing bout of paranoia about the dreaded IRS audit. In 2022, the IRS audited 3.8 out of every 1,000 income tax returns. The GAO report concludes that a drop in IRS funding was a main contributor to the decline in audits. Janet Holtzblatt senior fellow at the Urban-Brookings Tax Policy CenterAbout 70% of the IRS's overall budget is spent on labor. "Someone who's three years out of college isn't going to be doing the technical work on the ExxonMobil tax return.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow rent control policies affect housing affordabilityRent affordability is still a major issue in the United States. More than 19 million renters in America are considered rent-burdened, spending more than 30% of their income on housing costs. In response, support for rent control policies has gained traction. But can such policies really make rent more affordable in the U.S.? And if so, what would it look like?

☆ Why big and small businesses flock to Delaware
▼ + stars: | 2023-03-13 | by ( Charlotte Morabito | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy big and small businesses flock to DelawareDelaware is home to fewer than 1 million people, but more than 60% of Fortune 500 companies are incorporated in the state, including Google parent company Alphabet, Amazon, CVS, and CNBC's parent company Comcast. Delaware is seen as friendly to corporations due to its unique court system and laws. But there may be some complications for small businesses hoping to call Delaware their legal home. Watch the video above to learn more about how Delaware has cultivated its business-friendly reputation.

☆ Here's why more than 60% of Fortune 500 companies are incorporated in Delaware
▼ + stars: | 2023-03-13 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

But it's home to more than 60% of Fortune 500 companies, the state says, including Google parent company Alphabet, Amazon, CVS Health, and CNBC parent company Comcast. One of Delaware's major advantages is its Court of Chancery, which is a separate court system specifically for handling corporate cases. "It's a misnomer that Delaware is a tax haven for corporations," said Gigi Tewari, assistant professor at Widener University Delaware Law School. "So many people believe that, I should incorporate my business in Delaware because I'm going to save so much on corporate tax. Actually, Delaware is on the higher end for corporate tax."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe $52.6 billion plan to save the NYC region from climate changeThe New York and New Jersey Harbor and Tributaries Study, also known as the HATS study, looks at how to protect the NYC area from another Hurricane Sandy. The Army Corps of Engineers is recommending a $52.6 billion plan to protect the region from climate change including seawalls, levees and elevated promenades. Watch the video to find out more about what the plan entails and why the price tag is so high.

☆ Here's why men die younger than women and how to fix it
▼ + stars: | 2023-03-01 | by ( Charlotte Morabito | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why men die younger than women and how to fix itMen die younger than women in the United States, on average. Women's life expectancy was 79 in 2021, while men's was 73, according to CDC data. The U.S. has a higher rate of avoidable deaths, which is measured as death before the age of 75, among men than any comparable country. The life expectancy gender gap can have serious implications for society as a whole. Watch the video above to learn why men don't live as long as women and what we can do about it.

☆ Here's why American men die younger than women on average and how to fix it
▼ + stars: | 2023-03-01 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Men die younger than women in the United States, on average. American women had a life expectancy of 79 years in 2021, compared with men's, which was only about 73, according to CDC data. "Across, basically, almost every major cause of death, men are more likely to die than women are." That means there are some steps we can take to work toward helping men live longer. Watch the video above to learn more about why men die younger on average than women and what we can do to change it.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the big banks created ZelleCompetition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up for the past 10 years. The big banks tried to compete in the space when PayPal first came on the scene 25 years ago, but their business models failed. Now, Zelle, a seven-bank platform, is outpacing its rivals in average transaction value. But a rise in reported fraud activity recently got the attention of Congress, with allegations that the banks aren't supporting those affected customers.

☆ How Zelle is different from Venmo, PayPal and CashApp
▼ + stars: | 2023-02-04 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, which owns Venmo, and Block, which owns Cash App, boomed in 2020 as more people began sending money digitally. One limitation of PayPal, Venmo and Cash App is that users must all be using the same service. Zelle, on the other hand, appeals to users because anyone with a bank account at one of the seven participating firms can make payments. Watch the video above to learn more about why the banks created Zelle and where the service may be headed.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy this entrepreneur left Wall Street to start a restaurantAndre McCain left his job on Wall Street to follow his entrepreneurial dreams. He is now the founder of Half Smoke, a fast casual restaurant that started in Washington, D.C. focused on sausages.

☆ How medical debt became normal in the U.S.
▼ + stars: | 2023-01-08 | by ( Charlotte Morabito | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow medical debt became normal in the U.S. Widespread medical debt is a uniquely American problem, with such debt totaling at least $195 billion in 2019. It was once thought that the problem was that Americans were largely uninsured, but even those with health coverage can run into problems. Over 90% of the U.S. population has some kind of medical insurance, but about 40% of adults say they have at least $250 in medical debt.

☆ How health insurance may have made health care more expensive
▼ + stars: | 2023-01-08 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. There are many complicated reasons for the rise in the cost of care such as not prioritizing preventive care or a lack of price transparency, but one of the biggest catalysts for inflation was the rise of health insurance. In the early 2000s, federal legislation led to a major restructuring of how insurance plans shared costs, with the 2003 Medicare Modernization Act spurring a boom in high-deductible health insurance plans. A deductible is the amount a policyholder has to pay upfront before their health insurance plan kicks in. Watch the video above to learn more about how medical debt became so common in the U.S. health care system and what we can do to change it.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ADHD diagnoses have skyrocketedThe rate of ADHD diagnoses has been rising in the U.S. for the past two decades, and experts suspect that social media and the pandemic may be a catalyst. More Americans are seeking out treatment, which is straining the health care system. Then, in October, the Centers for Disease Control and Prevention announced there was a shortage of Adderall, both the brand and generic form. Watch the video above to learn more about ADHD and whether the medical system can handle the sharp rise in demand.

☆ Skyrocketing demand for ADHD meds is straining the U.S. health care system
▼ + stars: | 2022-12-07 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +4 min

ADHD diagnoses and prescriptions have been increasing across all age groups since before the days of social media. The number of ADHD diagnoses in 2010 were almost five times what they were in 1999. And between 2007 and 2016, the number of diagnoses of ADHD in adults more than doubled. "I think we've definitely moved into an area of talking about mental health that's really positive. Watch the video above to learn more about the rise in ADHD in the United States and whether the health care system can handle the increase in demand.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy everyone seems to be getting sickIf it seems like everyone around you is getting sick, you're not imagining it. Covid precautions did lead to lower rates of flu-like illnesses compared to normal, pre-pandemic times. But now that much of America has abandoned preventive measures such as masking, more people are getting sick. One illness is respiratory syncytial virus, or RSV, which can affect young children the most. Watch the video to learn more about why this season is starting off with a surge and what to do about it.

☆ Why flu season is so bad this year
▼ + stars: | 2022-11-10 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

"I'm scared about what's going to happen this flu season because I don't think we've ever seen a coalition of multiple viruses kind of manifesting in this way before," said Dr. Elizabeth Clayborne, an emergency medicine doctor and associate professor at the University of Maryland School of Medicine. If it seems like everyone around you is getting sick, you're not imagining it. The flu season is hitting the United States unusually early and much harder than it usually does. But now that much of America has abandoned preventive measures such as masking, more people are getting sick with seasonal illnesses. Just like RSV, cases of flu started surging earlier this year, with the Centers for Disease Control and Prevention reporting at least 1,600,000 cases, 13,000 hospitalizations and 730 deaths as of Oct. 29, which is high for this early in a typical flu season.

☆ More than 100,000 Americans are waiting for an organ transplant
▼ + stars: | 2022-10-26 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

There are more than 100,000 people in the United States waiting for an organ transplant, according to the United Network for Organ Sharing, known as UNOS. Only a little more than 50% of people waiting for an organ will receive one within five years, according to UNOS. The industry recognizes the importance of finding alternatives to using organs from deceased human donors to address the national shortage. "Even though we're all fascinated by transplant, the ultimate goal is to get rid of it," Caplan said. Watch the video above to learn more about how the organ transplant system works and what we can do to increase supply while also addressing the inequalities.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the organ transplant system works in the U.S. There are more than 100,000 people in the United States waiting for an organ transplant, and they could be waiting a while. Only a little more than 50% of people waiting for an organ will receive one within five years because of the shortage of organs. The medical community has been working on ways to increase the supply beyond deceased donations including using live donors for organs like kidneys, organs from animals and even mechanical organs.

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