Related Blog Posts
Commodity Investing and Tax Benefits
18 hours ago ago from Investing Articles
With tax season just passed, you may still be hurting from the results. If you requested an extension and havent filed yet, this topic might be very helpful to you. Aside from the profit potential that you can realize from trading commodities, there are handsome tax benefits as well. The current tax laws separate investment gains and losses into two expansive groups: short-term capital gains and long-term capital gains. This feature is nice ...
Related contentWhat is Capital Gains Tax
18 hours ago ago from Online Foreign Exchange
Explaining capital gains tax is fairly simple but figuring out the amount of tax that must be paid can be much more complicated. Capital gains tax is a tax for the profit of your capital gains. Capital gains are profits from the sale of bonds, stocks, some collectibles, and property. If you sold any of these capital assets and made a profit then you must pay a tax on that profit. Short-Term If you made a profit on the sale of ...
Related contentEstate-tax chaos looms for small businesses
12 hours ago ago from Insurance in World
The House has passed legislation that would permanently extend this year's estate tax rates and exemptions, but the Senate may not act on the bill before Jan. 1. If an estate tax bill isn't enacted by then, the federal tax on inherited assets would go away in 2010. The tax, however, would be scheduled to return in 2011 at much higher rates and lower exemptions. Everyone agrees that doesn't make sense, but that's the situation ...
Related contentCongress Voted to Hike Taxes, Again
19 hours ago ago from MacIver Institute
By James Wigderson Special Guest Perspective for the MacIver Institute When is a tax cut not a tax cut? How about when it is actually a tax increase? The House of Representatives recently passed the Tax Extenders Act of 2009. The act extends over 30 tax breaks to individuals and businesses, $31 billion of tax relief a year. Congressman Ron Kind said of this bill, "This bill will provide much‐needed relief to families and businesses ...
Related contentHow Do You See on the Left Side of the Classroom?
18 hours ago ago from Whiskey & Gunpowder
Part I: Taxes I propose that “taxes” are money extracted from the people for the purpose of running the government and providing for the common good. As such, it would make sense that to provide the maximum “common good,” the maximum amount of revenue should be generated. (I shall not address how the tax money is ACTUALLY spent, and I shall only consider “income taxes.”) The obvious question is: “What rate of taxation should be ...
Related contentRelated News
Federal workers owe more than $3B in back taxes
13 hours ago ago from U.S. News
Federal workers owe more than $3B in back taxes WASHINGTON (AP) -- Federal workers owed the government more than $3 billion in back income taxes in 2008, just as federal tax revenues started to suffer from the recession. More than 276,000 federal employees and retirees owed back income taxes as of Sept. 30, 2008, according to data from the Internal Revenue Service. The $3.04 billion owed was up from $2.7 billion owed by federal employees ...
Related contentHigher Tax Rates Ahead, So Make The Most Of 2010 - FOXBusiness.com
39 minutes ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home Tuesday, December 15, 2009 Higher Tax Rates Ahead, So Make The Most Of 2010  By Andrea Coombes MarketWatch  SAN FRANCISCO -- Some Americans likely will find their ...
Related contentEasy money: Deducting your tax losses could save you up to $1,000 this year
14 hours ago ago from DailyFinance
The autumn's juicy apples and fresh squash will soon give way to the stale processed foods of winter. And just as people like to pick what produce remains as the agricultural season ends, investors may want to "harvest" their stock market losses as the calendar year closes. Here's the deal: Any taxpayer in any tax bracket may deduct stock market losses of up to $3,000 against his or her ordinary income. In other words, if you've sold stocks ...
Related contentU.S. gave up billions in tax money in deal for Citigroup's bailout repayment
3 hours ago ago from Washington Post - Politics
The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis. This Story The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by ...
Related contentWholesale Price Spike Raises Inflation Worries : NPR
18 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Wholesale Price Spike Raises Inflation Worries by The Associated Press text size A A A December 15, 2009 Inflation at the wholesale level surged in ...
Related contentRelated Videos
Nothing to see... move along.
