Partnerships are also classified as “pass-through” entities, which means that the expenses and income that they generate are passed through to the personal tax returns of each partner in due proportion. Continue reading
Personal Investing Many employers are setting up financial advice sessions for employees to help them navigate through the market downturn … Continue reading
Most employers will provide you with a new employee handbook that outlines the coverage you will receive for life insurance. This is where you should start your research process. Continue reading
White House strategists say they believe that a constant drip of bad news will emerge in Congressional districts across the country in the weeks ahead, putting Republicans on the defensive for their refusal to raise taxes. Continue reading
The new EU financial transactions tax levy is due to take effect next year and will be a significant money-raiser for the 11 nations that have signed on, bringing in an estimated $45 billion annually. Continue reading
Jacob Lew had a $56,000 investment in the Citigroup fund, leading to questions from Republican senators about whether the investment had been put there to dodge taxes. Continue reading
Republicans, who last month let taxes rise on incomes over $400,000 to avert broader tax increases and the “fiscal cliff,” are now ready to stand their ground, regardless of the military cuts. Continue reading
The recently restored federal payroll tax that has left Americans with less money to spend. Wal-Mart Stores Inc. on Thursday joined a parade of retailers, restaurants and consumer-goods companies worried about the economic impact. Continue reading
Republicans didn’t question Mr. Obama’s assertion that the spending cuts would have a direct effect. They said the plan to avert them should include only spending cuts, not tax increases. Continue reading
Deficit hawks Alan Simpson and Erskine Bowles on Tuesday will propose a detailed plan for rewriting the tax code and implementing deep new spending cuts, hoping to offer a path to compromise for Democrats and Republicans, according to an outline of the deficit plan. Continue reading
Being married subjects couples to marriage penalties and bonuses. Some couples see raised taxes “marriage penalty”, and lowered taxes for others “marriage bonus”. The marriage penalty is especially pronounced for married couples earning above $300,000. Continue reading
