Tag Archives: income

Jay-Z Is Hip-Hop’s Cash King, According To ‘Forbes’

Mogul earned $63 million over the last 12 months, according to business magazine. By Jayson Rodriguez Jay-Z Photo: WireImage For the third time in four years, Jay-Z has been crowned the “Hip-Hop Cash King” by Forbes . The Brooklyn lyricist topped the business magazine’s annual ranking of high-rolling hip-hop stars by earning $63 million over the past 12 months, thanks to business ventures like a high-grossing tour, real estate investments and the successful Broadway production “Fela!” Jay-Z’s income more than doubled the total brought home by 2010 runner-up Diddy , who clocked in at #2 on the list with $30 million earned thanks to endorsement deals and roles in films like “Get Him to the Greek.” Akon came in third, earning $21 million from endorsement deals and his signing of Lady Gaga to his Interscope-backed label KonLive. Lil Wayne landed at the #4 spot with $20 million in earnings, most of which came through touring; the rapper’s tours last year, “I Am Music” and “America’s Most Wanted,” were the biggest hip-hop outings of 2009 . Dre. Dre came in at #5, earning $17 million through a combination of album royalties from his past projects, executive producing a pair of Eminem releases and income from his headphone line Beats by Dre. Ludacris , Snoop Dogg , Timbaland , Pharrell and Kanye West rounded out the top 10. Jay-Z has topped the Forbes list every year since its 2007 inception with one exception; in 2008, 50 Cent came in at #1 when the magazine estimated his income at more than $150 million. The G-Unit boss came in at a distant #14 this year, and he was tied with his mentor Eminem; both multi-platinum superstars raked in $8 million. Drake was among those making their debut on the list, ranking #11. Related Artists Jay-Z Diddy Akon Lil Wayne Dr. Dre Kanye West Ludacris Snoop Dogg Timbaland Pharrell Williams G-Unit Drake

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Jay-Z Is Hip-Hop’s Cash King, According To ‘Forbes’

Fox News Chicago: Rostenkowski ‘As Responsible As Anyone But Ronald Reagan’ for Tax Cuts

When former Congressman Dan Rostenkowski (D-IL) passed away this week, Fox Chicago News’s political editor Mike Flannery described the late Ways and Means committee chairman as ‘a giant of Chicago politics, remembered and beloved for negotiating legislation that helped create projects all over the state.”  Rostenkowski did indeed bring home the pork.  But Flannery also writes that the congressman “was as responsible as anyone but Ronald Reagan for the ‘Reagan tax cuts’ of (the) early ’80s.” In an accompanying video on Fox Chicago’s Web site, Flannery recalls (at about 4:30) speaking to Rostenkowski and House Speaker Thomas P. O’Neill (D-MA) in the first days of Reagan’s presidency.  They said that Reagan had been elected and “we’re going to give him what he wants.  He told us the number one thing is this tax deal and they said we’re going to work with him.” Rostenkowski and O’Neill vigorously worked against President Reagan’s plans.  Neither of them joined the 48 Democrats who voted in July, 1981 for tax reduction.  The day after the tax cuts passed in the House, David Rogers of the Boston Globe reported: “Mr. President, you’re tough,” Ways and Means Committee chairman Dan Rostenkowski told Reagan in a telephone call after the House vote, and for the Chicago Democrat and his friend Speaker Thomas P. O’Neill Jr., the defeat was a bitter end to a raw partisan fight which the leadership had hoped would give it a much-needed victory over the President. Roland Evans and Robert Novak wrote: Nevertheless, in his gracious speech to the House Wednesday, Rostenkowski pledged to campaign against the right through steeper graduation of taxes “as long as I’m chairman.” In his considerably-less-than-gracious speech closing Wednesday’s debate, Speaker Thomas P. O’Neill showed he had learned nothing.  Beginning by calling this “a great day for the aristocracy,” he claimed the nation’s big corporations had artificially stimulated that flow of telephone calls to congressional offices.  To the very end, Tip O’Neill could not believe that the people really prefer lower taxes to bigger government. Dan Rostenkowski was as responsible as anyone but Ronald Reagan for the “Reagan tax cuts” of the early ’80s?  Only in the rewritten history books of the mainstream media.    

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Fox News Chicago: Rostenkowski ‘As Responsible As Anyone But Ronald Reagan’ for Tax Cuts

Even the Poor Are Abandoning Obama, According to Gallup Poll Data

In every week of his presidency until now, Barack Obama has enjoyed a majority approval rating in the Gallup Poll from people earning less than $2,000 per month. But that changed in the Gallup survey conducted from Aug. 2-8, when only 49 percent of Americans in that income bracket said they approve of the job Obama is doing. This marks the first time since Obama was inaugurated on January 20, 2009, when Americans in all four of the income brackets reported in Gallup’s weekly survey of presidential approval gave Obama less than 50 percent approval. For the week of Aug. 2-Aug. 8, only 42 percent of Americans earning $7,500 per month or more said they approve of the job Obama is doing. Forty-four percent of those earning between $5,000 and $7,499 said they approve of the job he is doing. And forty-six percent of those earning between $2,000 and $4,999 said they approve of the job he is doing. The higher the income bracket an American occupies, the sooner he or she was likely to stop approving of the job Obama was doing and the more likely he or she was to stop approving of the job Obama was doing. The last time Obama had majority approval from people earning $7,500 or more per month was the week of April 19-25. The last time Obama had majority approval from people earning $5,000 to $7,499 was the week of May 3-9. The last time Obama had majority approval from people earning $2,000 to $4,999 was the week May 10-16. And the last time Obama had majority approval from people earning less than $2,000 was the week of July 26-Aug. 1. Obama’s approval peaked at 76 percent among Americans earning less than $2,000 per month in the weeks of April 20-26, 2009 and May 4-10, 2009. In May 2009, when Obama’s approval rating was at its peak among those earning less than $2,000 per month, the national unemployment rate was at 9.4 percent. It is now at 9.5 percent. In a poll released today, Gallup asked Americans that they thought was the most important problem facing the country. The top two problems cited were the economy in general and unemployment and jobs. Thirty percent said the economy in general was the most important problem, while 28 percent said it was unemployment and jobs. The third ranking problem in the poll was dissatisfaction with government, Congress and politicians, which was rated as the most important problem by 12 percent of respondents. Crossposted at NB sister site CNS News  

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Even the Poor Are Abandoning Obama, According to Gallup Poll Data

Oksana Grigorieva — Follow the Money

Filed under: Oksana Grigorieva , Mel Gibson , Celebrity Justice TMZ has learned yesterday’s five-hour deposition of Oksana Grigorieva focused on money — specifically where it’s coming from. Sources tell us the entire deposition revolved around Oksana’s finances and her income sources. We’re told a good chunk of the… Read more

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Oksana Grigorieva — Follow the Money

Margaret Carlson: Only ‘Completely Masochistic’ Voters Would Elect ‘Almost Wacky’ Republican Sharron Angle

During the “Last Word” segment on Bloomberg Television’s Political Capital on Friday, Bloomberg News columnist Margaret Carlson – formerly of CNN and Time magazine – tore into Nevada Republican Senate nominee Sharron Angle – who will be taking on Harry Reid in November – as Carlson charged that Angle is “on the fringe, almost wacky,” and asserted that Nevada voters would have to be “completely masochistic” to vote for her. Carlson: You can’t beat somebody with somebody who’s as on the fringe, almost wacky, as Sharron Angle, unless the voters turn completely masochistic. She’s not just against (MEANT TO SAY “in favor of”) abolishing EPA, Energy, Education, phasing out Social Security, and getting rid of the income tax, she wants our nuclear waste to go to Nevada. Fellow panel member Kate O’Beirne of the National Review responded: “I’d hoped over the years I had built up Margaret’s tolerance for conservative women, but, sadly, that’s apparently not the case.” Below is a transcript of the relevant portion of the Friday, June 11, Political Capital on Bloomberg Television: MARGARET CARLSON: Harry Reid went to bed as happy as a man can be who’s in the crosshairs of the Republican party on Tuesday night because the least electable candidate won that race, Sharron Angle. You know, the old saying, “You can’t beat somebody with nobody,” you can’t be somebody with somebody who’s as on the fringe, almost wacky, as Sharron Angle, unless the voters turn completely masochistic. She’s not just against abolishing EPA, Energy, Education, phasing out Social Security, and getting rid of the income tax, she wants our nuclear waste to go to Nevada. You know, I’m happy to send it there, as most people who aren’t in Nevada are. AL HUNT: That’s very generous of you, Margaret. Let me ask Kate, do you agree Harry Reid now is looking a lot better? KATE O’BEIRNE: Al, I’d hoped over the years I had built up Margaret’s tolerance for conservative women, but, sadly, that’s apparently not the case.

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Margaret Carlson: Only ‘Completely Masochistic’ Voters Would Elect ‘Almost Wacky’ Republican Sharron Angle

Massive Race Divide: Blacks Will Never Gain Wealth Equality With Whites Under the Current System | | AlterNet

A new study shows African Americans are tumbling out of the nation's economic orbit on a tragic trajectory that will never let them achieve parity with whites. May 21, 2010 | The gap between Black and white household [accumulated] wealth quadrupled from 1984 to 2007, totally discrediting the conventional wisdom that the U.S. is slowly and fitfully moving towards racial equality, or some rough economic parity between the races. Like most American myths, it’s the direct opposite of the truth. When measured over decades, Blacks are being propelled economically downward relative to whites at quickening speed, according to a new study by Brandeis University. The gap between Black and white households ballooned during the 23-year study period, as white families went from a median of about $22,000 in wealth to $100,000 – a gain of $78,000. In the same period, Black household wealth inched up from a base of $2,000 per family to only $5,000. The sweat and toil of an entire generation had netted Black families only $3,000 additional dollars, while white families emerged from the period with a net worth of 100 grand that can be used to send a couple of kids to college, make investments, help out other family members, or contribute to the larger (white) community. The typical Black family has no such options. [The study did not take property ownership into account. If property were included, the disparity would be larger.] Viewed another way, the median white family was 11 times richer than the median Black family in 1984 ($2,000 vs. $22,000). By 2007, the white household had become 20 times richer than its Black counterpart ($5,000 vs. $100,000). Any way one measures it, the numbers show African Americans are tumbling out of the nation’s economic orbit, wealth-wise, on a trajectory that can never achieve parity with whites. I repeat: never. On the campaign trail in 2007, Barack Obama flippantly declared that African Americans had “already come 90 percent of the way” to equality, with only 10 percent more to go. Whatever the future president was thinking, it wasn’t economics. The meter of progress is running backwards on Black America, toward greater inequality and relative poverty. Everything else you’ve heard is propaganda. The Brandeis study, conducted by the university’s Institute on Assets and Social Policy, showed that upper income Blacks fell even farther behind their white peers than lower income Blacks. During the survey period, higher income Blacks saw their wealth drop from $25,000 to just $18,000, while their white counterparts wealth soared to $240,000. Black folks have been integrated long enough to know that the white family didn’t get richer by a quarter million dollars because they were smarter than the Black family. Privilege, especially cumulative privilege over generations, works wonders, like compound interest only better. Whites are both collectively privileged and capable of bestowing an endless stream of privileges on each other, while Blacks are deliberately positioned outside of the stream, and are preyed upon as a group by powerful (white) financial forces that profit from the wealth differential. More at the link: added by: Monkey_Films

Lee DeWyze Worked At Paint Store Right Up Until ‘American Idol’

‘He was our top sales guy,’ old boss Bill Lagattolla tells MTV News of the ‘Idol’ finalist. By Gil Kaufman Lee DeWyze Photo: Frank Micelotta/ Fox MT. PROSPECT, Illinois — On a recent Tuesday afternoon, Mt. Prospect Paint owner Bill Lagattolla was selling considerably more Lee DeWyze T-shirts than primer or brushes. And that was just fine with him. “He was our top sales guy,” Lagattolla said proudly, referring to the “American Idol” finalist’s skill at selling paints, though he might as well have been talking about T-shirt sales, since the store had already sold thousands of the neon-green “Be-Lee-ieve” keepsakes over the past few weeks. “[Very] personable … he was really good.” DeWyze began working at the store when he was 15, around the time he first began fiddling around with a guitar, and he stayed on the payroll until he was 18, leaving for a short time and then returning three years ago. “[He started playing guitar] shortly after he started,” said Lagattolla, who gets hundreds of phone calls a day from curiosity seekers looking for information on DeWyze. “When he started working, he [needed] money for guitars and strings, and that was one of his thoughts of working here, so he could buy things he wants.” A quick study, DeWyze’s specialty was stain and paint matching, a skill Lagattolla said is very hard to master. “Anything Lee did, he was always very competitive and wanted to be the best,” he said. But it wasn’t all work and no play. As DeWyze was working on mastering the guitar and writing his first batch of songs, Lagattolla said he used to bring his guitar in slow Sundays and play songs while waiting for businesses, often improvising lyrics about his fellow staff and the customers to pass the time. “When he worked here, he worked for necessity,” said Lagattolla, who proudly displays a photo of Lee near the register and a giant sign over the store’s front window that reads, “Mt. Prospect Paint Congratulates Its Very Own American Idol Lee DeWyze.” Because of the exposure he’s gotten since DeWyze rose to the top three on “Idol,” Lagattolla is used to the attention in the store. During MTV News’ visit, no less than half a dozen families and friends of DeWyze came in to buy shirts or just chat Bill up about Lee, often sharing stories of when they first saw him perform or asking Lagattolla what the singer was like when he wore an MPP employee badge. After leaving for a few years, DeWyze came back when he turned 21, and Lagattolla said he could sense a new maturity in the singer, who was then preparing to release his debut album, 2007’s So I’m Told. “He definitely had gone through a few things that made him stronger,” said Lagattolla, who divulged that the pair liked watching cooking shows together on the store’s flat-screen TV and that Lee’s favorite color is a kind of bright orange called tangelo. “He had a new goal in life … to get stable and to start working … really chipping away at his music career.” DeWyze kept the gig right up until he left for the Hollywood rounds of “Idol,” and Lagattolla actually kept him on the payroll — at $500 a week — until the top 10 since Lee didn’t have any other income. In fact, Lagattolla said, Lee is still on the store’s health-insurance plan, though now that he’s on the verge of possibly making it to the finale, he might be able to afford his own coverage soon. “When he worked here, he enjoyed his job,” his old boss said. “Lee is that kind of person. When he’s into something, he’s full bore. But definitely his passion was music and singing. … That’s where he wanted to be. So ‘American Idol’ has given him that opportunity to do it.” Are you rooting for Lee to win it all? Let us know in the comments! Get your “Idol” fix on MTV News’ “American Idol” page , where you’ll find all the latest news, interviews and opinions. Related Photos Lee DeWyze: From Illinois Boy To ‘American Idol’ Star

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Lee DeWyze Worked At Paint Store Right Up Until ‘American Idol’

File Your Income Tax with TurboTax Free Edition 2010 Online

Haven’t filed your income tax yet for april 15? We recommend you access TurboTax Online that can simply search for all tax credits eligible for you to get teh biggest tax refund. TurboTax is the most convenient option for all of you who want to get free tax preparations. Also don’t forget to fill out an IRS form just in case you haven’t finished filing for your taxes by April 15. The TurboTax Free Edition can be easily accesed on their Turbo Tax Official Website . File Your Income Tax with TurboTax Free Edition 2010 Online is a post from: Daily World Buzz Continue reading

File Your Income Tax with Turbo Tax Free Edition 2010 Online

Haven’t filed your income tax yet for april 15? We recommend you access Turbo Tax Online that can simply search for all tax credits eligible for you to get teh biggest tax refund. Turbo Tax is the most convenient option for all of you who want to get free tax preparations. Also don’t forget to fill out an IRS form just in case you haven’t finished filing for your taxes by April 15. The Turbo Tax Free Edition can be easily accesed on their Tarbo Tax Official Website . File Your Income Tax with Turbo Tax Free Edition 2010 Online is a post from: Daily World Buzz Continue reading

Levi to seek reconsideration of the amount court demanded for child support.

Levi Johnston was recently ordered to pay an extra $3500 in back child support to his baby mama, Bristol Palin. And while the 19-year-old will try to comply with the judge’s order, he’s not happy about having to pay so much, his lawyer Rex Butler told RadarOnline.com. “Levi promptly paid what the court ordered…he does not agree with the amount and will seek reconsideration of the court’s order,” Butler, who calls himself “Team Levi,” told RadarOnline.com exclusively. “If he prevails, he will receive a credit…he will obviously have to work hard to generate the income necessary to support the court’s order, but he’d rather pay and fight than be in contempt of the court’s order.” Levi is already working to try and pay what he owes. A Playgirl rep told RadarOnline.com exclusively that he and Levi recently shot an episode of Kathy Griffin’s reality show My Life On The D List in Alaska. (Click the title of this post to read the rest of the RadarOnLine article.) I am very glad to hear this news. I believe it is fairly obvious to most people that the amount the court is asking for is not an amount that Levi will be able to sustain for long. The court order will have to be readjusted when he is unable to generate the same income in the future. Which means we may see Levi emptying his bank account in an attempt to keep up these inflated payments if they are not recalibrated quickly enough. But this being the Palins the idea is to get as much as they can as quickly as they can. Here is a copy of the original court order .

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Levi to seek reconsideration of the amount court demanded for child support.