Watch out, investors. The campaign trail is taking aim at your wallet.
Aspiring Presidential candidates have begun releasing their tax plans. As you would expect, both parties support tax policy that appeals to their traditional constituencies. Republican candidates want to see the tax cuts enacted in 2001 and 2003 made permanent. Several Democrats, on the other hand, are looking for ways to increase taxes, especially on high-income taxpayers.
If you're like me, you tend to think of your taxable brokerage account and your retirement accounts as two separate portfolios. If your taxable account is mostly shorter-term savings -- an emergency fund, or money you're setting aside for a down payment on a beach house in a few years -- that makes some sense, especially if you're more than five or six years away from retirement.
It's hard to get ahead with Uncle Sam stretching out his hand every time you earn a few extra bucks. While paying what you owe is the patriotic way, it's always nice to owe less rather than more. Here are some of the best (and strictly legal) ways to reduce your taxable income but still satisfy Uncle Sam when he comes knocking.
Washington -- U.S. Congress tax-writing committees are reported studying a proposal to possibly end a hedge fund tax break.
The proposal, far broader than the one affecting private equity funds that go public, introduced last week in the Senate, would affect many more firms and could raise as much as $6 billion a year, The New York Times reported Thursday.
We're at the halfway mark of 2007. Let's spare everyone the embarrassment of a New Year's resolution review and get right to the bottom line: Are you on track to cash in on those a
The word adamant has got a new synonym-Bush. The dearest US president always jam-packed in the quagmire of controversies around, speaking at a White House news conference on Tuesday spared no time to reiterate that he is confident of the victory in Iraq. As said by Bush “If I didn't believe we could succeed, I wouldn't be there. I wouldn't put those kids there.â€ÂÂ
