Kate Dore,
Kate Dore is a Personal Finance Reporter for CNBC, specializing in tax planning. Prior to joining CNBC, she was a freelance contributor for various financial publications including Lifehacker, Business Insider, Investopedia and Credit Karma. Her work has also appeared in Financial Planning magazine. Kate holds the Certified Financial Planner (CFP) professional designation.
98%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
89%
Examples:
- The Federal Reserve is expected to cut interest rates in September.
- The IRS is focused on finding more than 100,00 high-wealth individuals who have not filed taxes in years.
Deceptions
95%
Examples:
- The article states 'Regardless of the payout option, you’re losing almost half of it to taxes.' This is false as the winner will not lose half their winnings to taxes regardless of which option they choose.
- The author's claim that Elon Musk has defied a court order is not supported by any evidence presented in the article.
Recent Articles
Federal Reserve Expected to Lower Borrowing Costs: What It Means for Investors and Savers
Broke On: Thursday, 25 July 2024Anticipated Federal Reserve rate cuts in 2024 could lead to lower borrowing costs, impacting mortgage and HELOC rates, as well as credit card debt. Experts suggest securing CD rates for longer terms to offset potential money market fund yield decreases. IRS Collects Over $1 Billion in Taxes and Penalties from High-Wealth Individuals: A New Era of Enforcement
Broke On: Thursday, 11 July 2024The IRS, under President Biden's Inflation Reduction Act, has collected over $1 billion in taxes and penalties from high-income earners with substantial tax debts. The agency is targeting wealthy individuals with more resources and hiring new accountants to pursue cases. Critics argue that these efforts disproportionately impact average taxpayers, but supporters believe demonstrating success can build public support. IRS Targets $50 Billion Tax Loophole Used by Large Partnerships: Wealthy Taxpayers to Face Increased Audits
Broke On: Monday, 17 June 2024IRS and Treasury aim to close major tax loophole used by large partnerships, raising an estimated $50 billion in revenue over a decade. The plan targets related party basis shifting, increasing audits on wealthy taxpayers and complex partnerships due to a $160 billion annual tax gap attributed to top filers. Elon Musk Investigated for Defamation and Obstruction in Brazil
Broke On: Monday, 08 April 2024Elon Musk is being investigated in Brazil for spreading defamatory fake news and threats against the Supreme Court. The investigation, led by Justice Alexandre de Moraes, will look into whether Musk intentionally used X as part of an investigation into a network known as digital militias who allegedly spread false information and threats against Supreme Court justices. Mega Millions $1.13 Billion Jackpot Won at ShopRite Liquor Store in Neptune Township, New Jersey
Broke On: Thursday, 28 March 2024A New Jersey lottery player won the $1.13 billion Mega Millions jackpot after a single ticket matched all six numbers in Tuesday's drawing, while other players across nine states also scored million-dollar prizes. The winner can choose between a cash option of $537.5 million or an annuity with 29 payments.