Markets

Here’s What To Do If You’ve Already Lost Your Tax Documents

[credit provider=”flickr: Lance Neilson” url=”http://www.flickr.com/photos/wactout81/5261826705/”] For those of you who have yet to file your taxes, you might be holding off because you’re scrambling to find certain documents.Here’s what to do if you can’t find some of them:
Here’s What To Do If You’ve Already Lost Your Tax Documents
Markets

Four Little-Known Ways Taxes Can Wreck Your Credit

[credit provider=”riendeep/statigr.am” url=”http://statigr.am/p/344812458244043533_46534347″] Since credit debt isn’t exactly considered an income-booster, it’s no wonder so many consumers forget how closely credit and taxes are intertwined.Just ask the Citibank credit card customers who were stunned when the company suddenly decided to tax their frequent flier rewards, or the 6.4 million taxpayers estimated […]
Four Little-Known Ways Taxes Can Wreck Your Credit
Markets

TAX-DODGING: It’s A $20 Trillion Global Industry And It Starts Right Here

[credit provider=”By Justin Sullivan/Getty Images”] CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are […]
TAX-DODGING: It’s A $20 Trillion Global Industry And It Starts Right Here
Markets

Five Fresh Tax Tips For The Self-Employed

[credit provider=”Glassdoor” url=”http://www.glassdoor.com/Photos/Microsoft-Office-Photos-E1651.htm”] Tax season is no walk in the park for the self-employed who have to pay their own payroll tax, in addition to their own income tax.What’s more, in many cases, tax information can become quickly outdated, sometimes within a year.
Five Fresh Tax Tips For The Self-Employed
Tech

Here’s Why Facebook Is Getting A Refund On Its Income-Tax Bills

[credit provider=”Scott Olson/Getty Images”] There’s a new report that attempts to paint Facebook as a giant tax-dodger.The Citizens for Tax Justice says Facebook got a $429 million tax refund from the U.S. government, despite the fact that it earned over a billion dollars in profits for 2012.
Here’s Why Facebook Is Getting A Refund On Its Income-Tax Bills
Markets

Five Ways The US Could Replenish Its Social Security Trust Fund

[credit provider=”Brian Tomlinson via flickr” url=”http://www.flickr.com/photos/brian_tomlinson/5456398772/sizes/o/in/photostream/”] The Social Security trust fund is expected to be exhausted in 2033. After that, there will be enough tax revenue coming in to pay out about three quarters of promised benefits.However, a few changes to the system could prevent these steep benefit cuts.
Five Ways The US Could Replenish Its Social Security Trust Fund
Markets

8 Tax Breaks Every Homeowner Should Know About

[credit provider=”statigr.am/stephtadeath” url=”http://statigr.am/p/345266454138423784_8039577″] Taxes are due April 15, which means it’s time to start gathering your W2s, 1099s, child care receipts and bank statements.But before you sit down with your accountant, it’s important for you to know that merely owning a home could mean you qualify for tax breaks.
8 Tax Breaks Every Homeowner Should Know About
Markets

Two Lesser-Known Tax Changes Are Brutal For The Upper Middle Class

[credit provider=”Éamonn via flickr” url=”http://www.flickr.com/photos/[email protected]/441161585/”] Two of the lesser known and least understood provisions of the fiscal cliff legislation will raise taxes on high-income taxpayers by phasing out personal exemptions and the amount of itemized deductions wealthy taxpayers are allowed in 2013.The set of rules, dubbed personal exemption phase-out (PEP) and Pease […]
Two Lesser-Known Tax Changes Are Brutal For The Upper Middle Class
Markets

8 Apps That Will Make Tax Season Painless

[credit provider=”statigr.am/rakelarneson” url=”http://statigr.am/p/334138372917288964_2986015″] According to the IRS, filing your taxes by mail can mean waiting six to eight weeks for your refund from the date the return was received.But these days there’s a faster way: using tax apps to e-file from your smartphone.
8 Apps That Will Make Tax Season Painless
Markets

Time To Debunk The Myth That D.C. Residents Pay Higher Taxes Than Their neighbours

[credit provider=”Flickr via perspective” url=”http://www.flickr.com/photos/perspective/5626577929/in/photostream/”] I recently had a conversation with a friend who was moving and said she preferred to live in Maryland than in D.C. because D.C. residents pay higher taxes. She wasn’t the first local to tell me that. But is this claim true?It appears in this […]
Time To Debunk The Myth That D.C. Residents Pay Higher Taxes Than Their neighbours
News

UBS Wins End To ‘Travesty’ Of Lawsuit Over Tax Evasion

[credit provider=”flickr/proimos” url=”http://www.flickr.com/photos/proimos/5903814634/”] (Reuters) – Calling them “tax cheats” and their lawsuit a “travesty,” a U.S. appeals court threw out an effort by some American customers of UBS AG to recover damages over bank services that resulted in their having evaded U.S. taxes.The decision by the 7th U.S. Circuit Court […]
UBS Wins End To ‘Travesty’ Of Lawsuit Over Tax Evasion
Markets

10 States With The Best Tax Breaks For The Wealthy

[credit provider=”Shutterstock.com”] There’s no better evidence of the growing chasm between America’s rich and poor than state tax rates. On average, the nation’s lowest-income residents pay tax rates that are twice as high as the wealthiest 1 per cent of taxpayers, according to a new report by The Institute on Taxation and Economic Policy. 
10 States With The Best Tax Breaks For The Wealthy
Strategy

It Costs 20 per cent More To Make Things In The US Than Anywhere Else

[credit provider=”Max Nisen/Business Insider”] At the Atlantic’s conference today on “Manufacturing ‘s Next Chapter,”  National Association For Manufacturing CEO Jay Timmons made a robust case that despite the good news we’re hearing about manufacturing in the United States, we’re continually shooting ourselves in the foot. Timmons argued that while infrastructure, immigration […]
It Costs 20 per cent More To Make Things In The US Than Anywhere Else
Markets

Every Time You Let The Media Sway Your Investing Choices, You’re Hurting Yourself

[credit provider=”CNBC Screenshot”] Investing errors come in all shapes and sizes. Some mistakes are timeless, such as not investing at all, while others are specific to events and circumstances.For instance, economic and investing conditions over the past few years represent something of an extraordinary time, beginning with the stock market […]
Every Time You Let The Media Sway Your Investing Choices, You’re Hurting Yourself
News

Republicans Are Trying To Hide Their Conservative Agenda

[credit provider=”AP”] When President Obama won in November the electorate also rendered a verdict on the priorities of the two major political parties.Democrats, most voters believe, are more concerned with the plight of the middle class than Republicans, who ran on a platform of actually lowering income taxes on wealthy […]
Republicans Are Trying To Hide Their Conservative Agenda
News

Here Are The 10 Tax Filing Mistakes You Have To Avoid

[credit provider=”McPig/Flickr” url=”http://www.flickr.com/photos/mcpig/2323977193/sizes/m/”] We know why you’re here.It’s OK–fearing tax season is perfectly reasonable because when it comes to deductions, credits and filing status, there’s a lot to learn–and mess up. (Don’t shoot the messenger! Write to Congress!)
Here Are The 10 Tax Filing Mistakes You Have To Avoid
Markets

Six Signs You’re Letting A Moron Handle Your Taxes

[credit provider=”Flickr via sloth_rider” url=”http://www.flickr.com/photos/sloth_rider/392367929/in/photostream/”] With tax season officially underway, plenty of taxpayers will decide to outsource the job to paid professionals. But just because they walk like a tax professional, sound like a tax professional, and look like a tax professional, doesn’t mean he or she is the right person […]
Six Signs You’re Letting A Moron Handle Your Taxes
Markets

Even South Dakota’s Sweet Tax Codes Aren’t Enough To Lure Business Moguls

[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/1/1f/Mountrushmore.jpg”] South Dakota’s taxes are among the best for wealthy Americans –– so low that the  state nabbed the No. 3 spot in a new tax report released by the Institute on Taxation on Economic Policy.The state’s wealthiest 1 per cent of residents, who earn an average annual […]
Even South Dakota’s Sweet Tax Codes Aren’t Enough To Lure Business Moguls
Markets

Four Ways To Get Your Taxes Done For Free

[credit provider=”Joann Kim via Flickr ” url=”http://www.flickr.com/photos/joannkim/6851503775/”] Tax season is finally here – the IRS began accepting returns on Jan. 30. But before you rush to make an expensive appointment, check out cheaper options.Estimates suggest Americans spend more than $100 billion a year on tax preparation.
Four Ways To Get Your Taxes Done For Free
Markets

Newlyweds Have Important Tax Changes To Consider This Year

[credit provider=”Flickr via kunjandetroja” url=”http://www.flickr.com/photos/kunjandetroja/6950013060/in/photostream/”] A lot of your tax decisions depend on your relationship status.So if you just got married in 2012, mazel tov! Things are about to change for you—and one of those changes involves your taxes.
Newlyweds Have Important Tax Changes To Consider This Year
Markets

5 Smart Strategies To maximise Your Social Security

[credit provider=”Flickr / Mariia Kravtsova I EamArt” url=”http://www.flickr.com/photos/pasportit/6109979586/in/photostream/”] Social Security has gone from being a minor supplement for workers who had already made their own arrangements to save for their old age to the key financial support for tens of millions of retirees.With so much riding on your benefits, you […]
5 Smart Strategies To maximise Your Social Security
Markets

10 Of America Strangest Federal Tax Laws

[credit provider=”flickr: SAN_DRINO” url=”http://www.flickr.com/photos/san_drino/1454922072/”] Americans are known to bristle come April 15, but nearly 240 years after the founders threw a Boston Tea Party to protest unfair taxes, citizens are using less dramatic – but no less creative – ways to test the tax code. Modern-day challenges often end in […]
10 Of America Strangest Federal Tax Laws
Tech

Apple Is Hiding Billions Of Dollars From The IRS

[credit provider=”Lara604 / Flickr, CC” url=”http://www.flickr.com/photos/lara604/4748889007/sizes/l/in/photostream/”] Technology giant Apple shuttled $11bn (£7bn) into offshore tax havens in the fourth quarter of 2012, an analysis of its corporate filings has revealed.The iPad maker has slashed its tax bill by paying less than 2pc on its overseas profits, as it moves money […]
Apple Is Hiding Billions Of Dollars From The IRS
Markets

Five Tax Mistakes That Could Have The IRS On Your Tail

[credit provider=”flickr: adamsmithjr” url=”http://www.flickr.com/photos/[email protected]/1381459920/”] Despite the American Taxpayer Relief Act of 2012 passed in January, the government is still tasked with how to cut spending and reduce the deficit.As a result, Certified Public Accountant David Wolfson, a partner in the accounting and consulting firm Schulman Lobel Wolfson Zand Abruzzo Katzen […]
Five Tax Mistakes That Could Have The IRS On Your Tail
Markets

Six Ways To Get organised Before Tax Time

[credit provider=”Instagram/rodrigoorizzi” url=”http://statigr.am/viewer.php#/detail/364505087790596378_16921327″] Taxes are inconvenient, unavoidable, time-consuming, and can be frustrating.And while most of us would rather be doing just about anything else, Money Talks News founder Stacy Johnson has a few ideas to help you get through filing faster this year by planning ahead.
Six Ways To Get organised Before Tax Time
Markets

STEVE SCHWARZMAN: Blackstone ‘Didn’t Even Look At Dell’ And This Is Not The Return Of The Mega Deal

[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/blackstone-ceo-sees-private-equity-opportunities-pl8w3CQVQDmTH9G6p2SC0Q.html”] Billionaire private equity tycoon Steve Schwarzman, the CEO of Blackstone, spoke with Bloomberg TV’s Erik Schatzker at the World Economic Forum in Davos, Switzerland covering a gamut of topics from taking Dell private to taxes.He told Bloomberg TV that Blackstone didn’t even look at Dell explaining, “this isn’t […]
STEVE SCHWARZMAN: Blackstone ‘Didn’t Even Look At Dell’ And This Is Not The Return Of The Mega Deal
Markets

A Shocking Number Of Americans Are Misusing Their 401(k)

[credit provider=”statigr.am/nayaraitt” url=”http://statigr.am/p/322951570121464823_229499005″] Dipping into your 401(k) plan is tantamount to journeying into the future, mugging your 65-year-old self, and then booking it back to present day life. And still, it turns out one in four workers resorts to taking out 401(k) loans each year, according to a new report by […]
A Shocking Number Of Americans Are Misusing Their 401(k)
News

The GOP ‘Dirty Dozen’ Might Block A Debt Limit Deal

[credit provider=”Brendan Hoffman/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/house-speaker-john-boehner-speaks-at-the-2012-fiscal-summit-news-photo/144534674″] House Speaker John Boehner has struggled to lead his Republican majority in the face of challenges from a hard core of conservative newcomers who are demanding a much harder line against President Obama and the Democrats on spending cuts, and tax and entitlement reform. This is a […]
The GOP ‘Dirty Dozen’ Might Block A Debt Limit Deal
Markets

Tax Refunds Are The Biggest Checks Most Americans Will See This Year

[credit provider=”statigr.am/laurenvrussie” url=”http://statigr.am/laurenvrussie”] Every January, American taxpayers look forward to tax season with one of two feelings: horror or happiness.Horror, of course, applies to those expecting to owe Uncle Sam a chunk of change. And then there are the happy households that will divvy up the estimated $230 billion the […]
Tax Refunds Are The Biggest Checks Most Americans Will See This Year
Markets

The More You Earn, The More Expensive It Is To Be Single In America

[credit provider=”Rob Libetti/Business Insider”] In October 2009, New York Times reporters Tara Siegel Bernard and Ron Lieber compared a hypothetical married couple with an equivalent-earning unmarried gay couple, to see just how much difference those extra privileges made.Here’s what they found:
The More You Earn, The More Expensive It Is To Be Single In America
Markets

How To Save 8.25% In 90 Seconds Flat …

[credit provider=”tboothhk at www.flickr.com” url=”http://www.flickr.com/photos/tombooth/1406497289/”] January 10, 2013 Santiago, ChileLately I’ve had a ton of friends and family writing me about visiting Chile.
How To Save 8.25% In 90 Seconds Flat …
Markets

Here’s How To Get Your Finances Back On Track In January

[credit provider=”Shutterstock” url=”http://www.shutterstock.com/gallery-842284p1.html”] Between recovering from holiday parties and starting your many resolutions, we know that you have a lot on your plate right now.Since we want to make it easy for you to have your best financial year yet, we’ve put together a comprehensive calendar of all the things […]
Here’s How To Get Your Finances Back On Track In January
News

This Wouldn’t Be The First ‘Crazy’ Monetary Action By A US President

[credit provider=”National Archives & Records Administration”] America’s government is full of oddities, and here’s one: it is possible for the government to pass spending and tax bills which lead to an illegal amount of accumulated debt.The government’s borrowing results from all the tax and spending choices made by past and […]
This Wouldn’t Be The First ‘Crazy’ Monetary Action By A US President
News

Gerard Depardieu Fails To Show Up To Face Drunk Driving Charges

[credit provider=”AFP”] Gerard Depardieu has failed to turn up to face drunk driving charges as his row with the government over taxes rumbles on.Depardieu, whose flight into tax exile has embarrassed French President Francois Hollande as he seeks to impose a 75-per cent upper income tax, had been due to […]
Gerard Depardieu Fails To Show Up To Face Drunk Driving Charges
News

Gérard Depardieu May Have Ruined François Hollande’s Presidency

[credit provider=”siyanor.com”] By now you’ve probably heard Russian President Vladimir Putin has bestowed Russian citizenship upon Gérard Depardieu as part of the French actor’s quest to seek refuge from his country’s onerous income taxes.It’s a pretty funny situation.
Gérard Depardieu May Have Ruined François Hollande’s Presidency
Markets

4 tax breaks every US college student should know about

If you attended undergraduate, graduate, and professional school this year, you may be eligible for a tax break. The IRS offers tax deductions and tax credits for college students that either reduce taxable income or lower your tax bill. The American Opportunity Credit allows students earning less than $US80,000 to […]
4 tax breaks every US college student should know about
Markets

Hedge Funder Cliff Asness Calls For Huge Middle Class Tax Hike

[credit provider=”YouTube/Morningstar” url=”http://www.youtube.com/watch?v=xereukATFC8″] The fiscal cliff saga was just one round in larger debate the country is having about the size of the federal government and who should pay for it.This morning, hedge fund billionaire Cliff Asness through his two cents in with an op-ed in The American that would […]
Hedge Funder Cliff Asness Calls For Huge Middle Class Tax Hike
Markets

15 Ways To Cope With Higher Taxes After The Fiscal Cliff Deal

[credit provider=”Instagram/j3nn1f3rlovesu” url=”http://statigr.am/p/327767922317479137_190805018″] Americans’ paychecks are getting smaller.That’s because the “fiscal cliff” bill didn’t extend the 2 per cent Social Security tax holiday we’ve had since 2009.
15 Ways To Cope With Higher Taxes After The Fiscal Cliff Deal
Markets

Five Big Post-Fiscal Cliff Questions Investors Should Ask

[credit provider=”Flickr/whatleydude” url=”http://www.flickr.com/photos/whatleydude/6205610856/”] Now that Washington has talked American investors down from the fiscal cliff, what will be the market’s next obsession?And how might people invest for a new normal where tax rates have been decided, but everything from worldwide growth to the fate of Europe’s economy remains in flux?
Five Big Post-Fiscal Cliff  Questions Investors Should Ask
News

US Taxpayers Are Subsidizing Gun Companies That Make Deadly Assault Rifles

[credit provider=”BIGGxDAWG210/YouTube” url=”https://www.youtube.com/watch?v=oeQiQY19wFg”] Five companies that make semiautomatic weapons have gotten $19 million in tax breaks from nine states within the past five years, according to the Maine centre for Public Interest Reporting.Semiautomatic weapons, also known as self-loading rifles, can shoot relatively quickly and were largely restricted in the U.S. […]
US Taxpayers Are Subsidizing Gun Companies That Make Deadly Assault Rifles
News

REPORT: Al Gore Made $100 Million In The Current TV Sale, And Hoped To Close The Deal Last Year Before Taxes Jumped

[credit provider=”West Coast Green” url=”http://www.westcoastgreen.com/ee/index.php/press-room/image-med/274/”] Amazing detail in Brian Stelter’s reporting on the sale of Current TV to Al-Jazeera:Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned […]
REPORT: Al Gore Made $100 Million In The Current TV Sale, And Hoped To Close The Deal Last Year Before Taxes Jumped
News

8 Tax Changes Coming With The Fiscal Cliff Deal

[credit provider=”Instagram/tanyamontanacoe” url=”http://statigr.am/viewer.php#/detail/360134357441157835_263563173″] 1. Beware the $740-a-year ‘stealth’ taxWhile the fiscal deal makes permanent the Bush-era tax cuts, thus averting the biggest tax increases that would have gone into effect in 2013, it didn’t extend the second biggest one.
8 Tax Changes Coming With The Fiscal Cliff Deal
News

The Basic Republican Lie About Taxes

[credit provider=”AP”] The basic Republican lie about taxes is that money (or wealth) is taxed. It’s not.What is taxed is instead the transfer of money (or wealth). There’s a big difference.
The Basic Republican Lie About Taxes
Markets

Wall Street Wins Big In Fiscal Cliff Negotiations

[credit provider=”AP”] For all the haranguing about what the fiscal cliff could do to Wall Street’s wealthy, now that the deal’s been done, it actually looks like things didn’t work out so badly for them.Think about the issues that really matter to the financial world — capital gains (especially carried […]
Wall Street Wins Big In Fiscal Cliff Negotiations
News

DON’T BE FOOLED: The Republicans Are Winning

[credit provider=”AP”] To listen to all the moaning out of the House of Representatives yesterday, you could be forgiven for thinking that the Republicans are losing the fiscal battle in Washington.
DON’T BE FOOLED: The Republicans Are Winning
News

RIP: The Bush Tax Cuts

[credit provider=”AP”] Thanks to last night’s Fiscal Cliff deal, we an now put to bed the term “The Bush Tax Cuts.”As of now, they’re the Obama Tax Cuts.
RIP: The Bush Tax Cuts
News

DEAR AMERICA: Here Are Your New Tax Rates

[credit provider=”AP”] Congress has apparently reached agreement on new tax rates to avoid the Fiscal Cliff, although they’re still fighting about spending cuts.The details on taxes are still leaking out.
DEAR AMERICA: Here Are Your New Tax Rates
News

SENATE OVERWHELMINGLY APPROVES FISCAL CLIFF DEAL 89-8

[credit provider=”AP”] After a LONG day that ended around 2 AM on Tuesday, the Senate has overwhelmingly voted to approve a Fiscal Cliff deal, sending legislation for final approval in the House.There was a little nervousness that liberals might not be on board the deal, but the bill passed easily […]
SENATE OVERWHELMINGLY APPROVES FISCAL CLIFF DEAL 89-8
News

FORMER ROMNEY ECONOMIC ADVISOR: Yes, Middle Class Tax Rates Might Have To Be Hiked Too

[credit provider=”YouTube” url=”https://www.youtube.com/watch?v=VWLylAuLO2k”] Former Mitt Romney economic advisor Greg Mankiw admits something that he probably would never have said during the campaign: Middle class tax rates can’t be set in stone. They might have to rise, too.In a column at the NYT, Mankiw argues that if we’re going to get […]
FORMER ROMNEY ECONOMIC ADVISOR: Yes, Middle Class Tax Rates Might Have To Be Hiked Too
Markets

Will Millionaires Start Dying Faster Because Of The Fiscal Cliff?

[credit provider=”PR handout”] Because the “fiscal cliff” will not stop for death, it looks as if death’s carriage may make a “kindly” stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a law […]
Will Millionaires Start Dying Faster Because Of The Fiscal Cliff?
Markets

5 Essential Year-End Tax Tips For Small Business Owners

[credit provider=”statigr.am/fredpears” url=”http://statigr.am/p/356510603314616304_24248732″] To quote Benjamin Franklin, “Nothing in life is certain but death and taxes.” There’s usually more work involved for small businesses than for individuals when it comes to filing taxes, but that doesn’t mean it has to be more daunting.We spoke to Greg Jones, CEO of the […]
5 Essential Year-End Tax Tips For Small Business Owners
Markets

Will The Fiscal Cliff Accelerate Millionaire Deaths?

[credit provider=”Ulrich Joho/Flickr” url=”http://www.flickr.com/photos/[email protected]/4084165684/sizes/z/”] Because the “fiscal cliff” will not stop for death, it looks as if death’s carriage may make a “kindly” stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a […]
Will The Fiscal Cliff Accelerate Millionaire Deaths?
News

Sorry, Folks, We Don’t Just Have ‘A Spending Problem’

[credit provider=”Business Insider, St. Louis Fed” url=”www.businessinsider.com/”] Yesterday, I pointed out how, in a stubborn attempt to avoid raising taxes on the richest 2% of Americans, the Republicans in Congress have essentially agreed to raise taxes on everyone.The Republicans have done this by refusing to accept President Obama’s attempt at […]
Sorry, Folks, We Don’t Just Have ‘A Spending Problem’
News

3 Ways To Cushion Our Fall Off The Fiscal Cliff

[credit provider=”Shutterstock” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=falling&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&colour=&show_color_wheel=1#id=39140383&src=89fae4d754b2d4d71a1c9385ed4d76a6-1-53″] The “fiscal cliff” – that perfect storm of mandatory budget cuts, expiring tax cuts, and new taxes – looms with all the finality of a New Year’s countdown clock.Unless Congress acts by Jan. 1, $600 billion to $800 billion would be cut from the federal deficit. Such […]
3 Ways To Cushion Our Fall Off The Fiscal Cliff
Markets

These Are The Most Important Retirement Questions Workers Will Face In 2013

[credit provider=”Flickr / Rosie O’Beirne” url=”http://www.flickr.com/photos/rosieobeirne/4090200698/in/photostream/”] As 2012 draws to a close, people in or nearing retirement face a stunning set of uncertainties about their finances and even basic health and retirement benefits.Congress has left Washington for the Christmas break without passing any measures to delay or soften the effects […]
These Are The Most Important Retirement Questions Workers Will Face In 2013
News

The Republicans Have Now Agreed To Raise Taxes For The Entire Country

[credit provider=”Brendan Hoffman/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/house-speaker-john-boehner-speaks-at-the-2012-fiscal-summit-news-photo/144534674″] The inside line from Washington is that there will be no Fiscal Cliff deal before the end of the year.That’s not surprising. Unfortunately, it always seemed unlikely that our politicians would agree to any vote that could be framed as them having voted to “raise […]
The Republicans Have Now Agreed To Raise Taxes For The Entire Country
Markets

A Lot Of New Yorkers Think They Deserve A Special Tax Break

[credit provider=”Business Insider”] The looming fiscal cliff has drawn a lot of attention to the tax rates that people across the country pay.Proposals to raise rates on the highest-income taxpayers have gotten plenty of praise from the majority of middle-class Americans, a group hit hard by the recession. But people […]
A Lot Of New Yorkers Think They Deserve A Special Tax Break
News

FORGET THE DEFICIT: Here’s The Real Reason Liberals Want To Hike Taxes On The Rich

[credit provider=”Courtesy of The Wrap” url=”http://www.thewrap.com/movies/sites/default/files/imagecache/scale_height_640_480/BHHC_5%202.jpg”] A common argument you hear from conservatives is that raising taxes on the rich is a joke of a deficit reduction proposal, because it hardly makes a dent in the deficit.According to CNBC, reverting to Clinton-era levels would just get you about $40-$45 billion […]
FORGET THE DEFICIT: Here’s The Real Reason Liberals Want To Hike Taxes On The Rich
News

Most People Agree With Obama On Tax Cuts

[credit provider=”AP”] There has been a vast and important change of mind among the electorate, regarding the issue of taxes.On 13 July 2012, McClatchy Newspapers headlined “Poll: Majority Want Tax Cuts for All, Even the Wealthy,” and reported that, “A majority of Americans [who are registered to vote] want the Bush tax […]
Most People Agree With Obama On Tax Cuts
News

And Now We Have Our First Real Drama Of The Fiscal Cliff Talks…

[credit provider=”AP”] President Barack Obama and House Speaker John Boehner made it clear Wednesday that talks have broken down over how to avoid the fiscal cliff, regressing to political posturing just when it seemed like a deal could be imminent. The showdown centres around Boehner’s decision to call a floor vote […]
And Now We Have Our First Real Drama Of The Fiscal Cliff Talks…
Markets

Why Following The Status Quo Could Cost You Thousands More At Tax Time

[credit provider=”China Photos/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/broken-clock-features-in-the-work-by-sculptor-sun-shaoqun-news-photo/77248291″] As we come to the end of another year, the thoughts of families, business executives and entrepreneurs drift to tax preparation.The usual approach is to maximise deductions and postpone revenue recognition if possible.
Why Following The Status Quo Could Cost You Thousands More At Tax Time