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5 Times Inflation Is Actually Good for Your Finances

5 Times Inflation Is Actually Good for Your Finances
gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.

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Drought in the Southwest could be making monsoon flooding worse

Drought in the Southwest could be making monsoon flooding worse
CNN
2 hrs ago
© Provided by CNN
arizona southwest flash floods orig mg 00000217.png
Monsoon rains brought extreme flash flooding to the Southwest this week, creating scenes of vehicles bobbing down neighborhood roads like rafts on class three rapids. More flash flooding may occur this weekend.
Experts say the historic Western drought is to blame.
The drought has ravaged the region for decades, leaving the soil less like a sponge and more like pavement.
The moisture isn t absorbed into the soil as much and all of that water is running off and that is what leads to the roadways and flooding of people s properties, National Weather Service Flagstaff meteorologist Tim Steffen said.

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Watch car get swept away in AZ flash floods

Watch car get swept away in AZ flash floods
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Grand Canyon flood death: Drought in the Southwest could be making monsoon flooding worse

Grand Canyon flood death: Drought in the Southwest could be making monsoon flooding worse
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Rain could ease Arizona fire conditions but the risk of lightning lingers, officials say

Rain could ease Arizona fire conditions but the risk of lightning lingers, officials say
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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As High Temperatures Soar In Phoenix, Salvation Army's 11 Emergency Relief Stations Open

As High Temperatures Soar In Phoenix, Salvation Army's 11 Emergency Relief Stations Open
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Biden's Bid to Tax Inherited Assets Could Be a Documentation Nightmare for Wealthy Heirs

He is also calling for the elimination of a decades-old loophole that allows individuals to inherit appreciated assets at market value with no taxes on the unrealized gain. This tactic is known as the step-up in basis at death.
Biden proposes ending this basis step-up for gains in excess of $1 million for single taxpayers – $2.5 million for couples – and ensuring that gains are taxed if the property isn t donated to charity.
Coupled with a bid to raise long-term capital gains rates to 39.6% from 20% for households making over $1 million, wealthy heirs could be in for a pile of taxes.
But determining Uncle Sam s cut could be difficult for certain assets. That s because the basis – or the owner s original investment in the asset – could be hard to track.

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Biden's Bid to Tax Inherited Assets Could Be a Documentation Nightmare for Wealthy Heirs

Biden's Bid to Tax Inherited Assets Could Be a Documentation Nightmare for Wealthy Heirs
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Phoenix temperatures are expected to rise this week

Phoenix temperatures are expected to rise this week
azcentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azcentral.com Daily Mail and Mail on Sunday newspapers.

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Chilly weather could be the last this season in the Valley; temperatures rise later this week

Temperatures rising this week after winter storm freezes Arizona
Miguel Torres, Arizona Republic
© Mark Henle/The Republic
Snow in the high desert on March 16, 2021, east of Superior, Ariz.
The fast-moving storm that brought snow and showers across areas in northern and central Arizona on Tuesday was expected to taper off by evening, according to National Weather Service meteorologist Derek Hodges.
Though another system is likely to arrive by the beginning of next week, bringing temperatures back down, Tuesday’s system could be the last of the truly coldweather hitting the Valley this season.
“Statistically,” Hodges said, “it’s pretty unlikely there will be anything else.”

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