Taxes

Share to facebook Share to twitter Share to linkedin The senator pledged not to raise taxes on the middle class. Sean Rayford/Getty Images This is a developing story. Topline: Responding to pressure from critics and Democratic rivals, Senator Elizabeth Warren outlined her plan to fund “Medicare For All” without raising taxes on the middle class,

If you’re running a company, you’re about to discover new costs. Around the country, fires and … [+] floods are shutting down businesses and raising their expenses. You need to figure out how to pay these new hidden “taxes.” AFP via Getty Images If you’re running a company, you’re about to discover new costs that

DES MOINES, IOWA – NOVEMBER 1, 2019: Democratic presidential candidate Sen. Elizabeth Warren (D-MA) … [+] before the start of the Liberty and Justice Celebration. (Photo by Scott Olson/Getty Images) Getty Images Democratic presidential candidate Elizabeth Warren has, as promised, released a plan to pay for her Medicare for All health insurance plan. She has come

According to a story by Maggie Habberman of theNew York Times, our President has decided that he is no longer a New Yorker, but rather a Floridian. I doubt very much that President Trump reads my stuff. Nonetheless, in response to his complaint that the Tax Cuts and Jobs Act was killing him, I wrote

Most multinationals expect that public country-by-country reporting will become a reality within the next few years — even if politicians can’t yet agree on the proposals. Getty In surveys conducted in 2018 and 2019, Deloitte (which has been tracking business reactions to base erosion and profit-shifting initiatives) found that over 75 percent of multinational respondents see public CbC

US President Donald Trump and First Lady Melania Trump at Trump’s Mar-a-Lago resort in Palm Beach, … [+] Florida on April 17, 2018. MANDEL NGAN/AFP via Getty Images In a bold move, President Donald Trump changed his legal domicile from New York to Florida–from his glitzy Trump Tower on Manhattan’s Fifth Avenue to his Mar-a-Lago

DES MOINES, IA – AUGUST 10: Former mayor of New York City, and Everytown for Gun Safety founder, … [+] Michael Bloomberg speaks during a forum on gun safety (Photo by Stephen Maturen/Getty Images) Getty Images Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie

Share to facebook Share to twitter Share to linkedin The Fed indicated it would pause the rate-cutting cycle. Samuel Corum/Getty Images Topline: In a widely expected move, the Fed continued its “mid-cycle adjustment” by cutting interest rates to the 1.5% to 1.75% range on Wednesday, but also indicated that it would pause the monetary easing

We are entering the giving season when the majority of charitable donations are made. Most affluent individuals make charitable donations, but the vast majority continue to simply pay cash. That’s the most expensive and inefficient possible method to benefit their charitable causes. It’s easy to write a check or pull out your credit card, but

Economic Security Planning, Inc. Today’s column addresses the rate of spousal benefits after early retirement benefits, drawing on multiple exes’ records, changing the start date of benefits after filing, eligibility for survivor benefits in a domestic partnership and when delayed retirement credits are applied to benefit payments. Larry Kotlikoff is a Professor of Economics at

Share to facebook Share to twitter Share to linkedin The Internal Revenue Service (IRS) is warning taxpayers about a Social Security number (SSN) scam currently making the rounds. As part of the scam, thieves may call – often as a “robocall” – and try to get you to call back by claiming that your SSN

The link between taxation and human rights has always been tenuous. Whatever rights we may have as citizens — or as persons — do not necessarily transpose to our status as taxpayers. Here in the United States, the equal protection clause of the Constitution is a prime example. It was long ago decided the congressional

France became the most recent major taxing authority to introduce a new digital tax when, this past July, lawmakers approved a 3% levy on revenue from digital services earned in France by companies with more than 25 million euros in French revenue and 750 million euros ($838 million) worldwide. With the new law, France joined

Since most young adults are in a very low tax bracket, even 0%, a Roth IRA may be the perfect way to … [+] help your child begin to save and invest for their future. Getty You don’t have to be an adult to begin saving for retirement. Provided the teenager or college student has

Year-End is a great time for Tax-Loss Harvesting. Getty  The goal of tax-loss harvesting to lower your overall taxes. With proactive tax planning, you may be able to lower your taxable income by selling off losing investments. Similarly, you can offset some long term gains by selling investments that may have lost money over the long term. In

Economic Security Planning, Inc. Today’s column addresses potential drawbacks to taking early retirement benefits before switching to spousal, claiming retroactive benefits after 70, finding out if an ex is drawing on a worker’s record, retroactive child-in-care spousal benefits and whether a settlement is taxed by SSA.Larry Kotlikoff is a Professor of Economics at Boston University

Overbuilt Getty What happens when rich people in blue states discover the moving van? Trump is wreaking havoc in the ritzy suburbs of New York City. His tax cut raised taxes for high-income people in high-tax areas like Connecticut and New York because it all but eliminated the deduction for state and local taxes. Just

According to the Bureau of Prison Inmate Locator, Edward Brown, age 77, has a release date of 7/26/2045 and Elaine Brown, age 78, has a release date of 11/8/2042. Clearly, the sentences that they received in 2009 were virtually life sentences. They had been prosecuted as the result of a months long armed stand off

Have you heard the saying, the rich get richer? It’s more than just a saying. One of the reasons they do is because they have access to programs not available to the average person. 401(k) news headline in center of torn dollar bill Getty One of them is the “$100 million 401(k) plan” that’s popular

No one is a fan of PG&E right now, as Californians face the twin dangers of fires v. blackouts. As PG&E is cutting power again to vast numbers of businesses and consumers in what could be the biggest deliberate blackout ever, the bankrupt utility is drawing even more criticism. Despite the protection of the bankruptcy