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

Federal Reserve Expected to Lower Borrowing Costs: What It Means for Investors and Savers

Broke On: Thursday, 25 July 2024 Anticipated 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

IRS Collects Over $1 Billion in Taxes and Penalties from High-Wealth Individuals: A New Era of Enforcement

Broke On: Thursday, 11 July 2024 The 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

IRS Targets $50 Billion Tax Loophole Used by Large Partnerships: Wealthy Taxpayers to Face Increased Audits

Broke On: Monday, 17 June 2024 IRS 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

Elon Musk Investigated for Defamation and Obstruction in Brazil

Broke On: Monday, 08 April 2024 Elon 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

Mega Millions $1.13 Billion Jackpot Won at ShopRite Liquor Store in Neptune Township, New Jersey

Broke On: Thursday, 28 March 2024 A 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.