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To pay for highways, legislator eyes inherited IRA taxes
Mon, Feb 13, 2012
EBRI suggests that retirement savings-related tax breaks are tempting targets for an administration in search of stimulus money.
Taxes
Halfway Back to Prosperity?
Wed, Feb 01, 2012
Carmen Reinhart, co-author with Kenneth Rogoff of the best-selling "This Time Is Different," spoke at the IMCA conference in New York this week. We're five years into a 10-year recovery from the credit binge, she said.
IRS seeks discussion on annuity – LTC hybrids
Tue, Aug 16, 2011
Although taxpayers are allowed to make the exchanges, they have not been sure how to report the exchanges, or how the exchanges might affect their income taxes.
For capital gains tax, the “honor system” ends January 1
Tue, Dec 28, 2010
Before the new rule, the government didn’t have a way to verify if an investor was reporting the true gain on a sale unless there was an audit, said an Ernst & Young tax partner.
Details of the tax compromise revealed
Wed, Dec 08, 2010
The package would cost about $900 billion over the next two years, to be financed entirely by adding to the national debt, according to The New York Times.
An Alternative Deficit Reduction Plan
Wed, Nov 17, 2010
Similar to the Bowles-Simpson proposals, the Rivlin-Domenici plan would lower income tax rates while eliminating most deductions and credits. It would replace the home mortgage and charitable contribution deductions with 15% refundable credits, and cut health care expenditures by $75 billion a year.
How the Tax Stalemate Might Play Out
Wed, Oct 27, 2010
President Obama has left open the possibility of capping the tax on dividend income at 20%, says tax pundit Andy Friedman, but that would cost the government an estimated $100 billion in tax receipts.
The Bucket
Tue, Sep 28, 2010
Late-breaking items about WealthVest, LifeYield, Vanguard, ING, MassMutual and more...
Your Loophole Is My Noose
Tue, Aug 10, 2010
Tax breaks, when seen as passive spending programs, are a form of government waste. So raising taxes might shrink the size of government. Or not.
Five Ways to Adjust to a New Tax Landscape
Wed, Jun 30, 2010
A consortium of advisors who represent Securities America offered these suggestions for how investors and their advisors can adjust to the expiration of EGTRRA and JGTRRA at the end of 2010.
Americans To Spend Their Mad Money Sanely
Wed, Apr 07, 2010
More than eight in 10 Americans polled said they would use their tax refunds to pay down debt, save or invest, or spend on everyday necessities.
Social Security Cash-Flow Turns Negative
Thu, Mar 25, 2010
Unemployment has forced many people to apply for benefits sooner than planned while also reducing payroll tax revenue. But the change won't affect benefits.
Spock-o-nomics at the RIIA Meeting
Wed, Mar 24, 2010
At the spring meeting of the Retirement Income Industry Association, held at Morningstar Inc. in Chicago, concepts like "stocks for the long run" and "safe withdrawal rate" were out of favor.
CCH Reviews Tax Proposals in Obama Budget
Wed, Feb 10, 2010
“Upper-income taxpayers would actually fare somewhat better under Obama's proposals than they would under current law,” said a CCH tax analyst.
Estate Tax Extension Awaits Senate Vote
Wed, Dec 09, 2009
With passage by the House, the bill now has to make it through "the gauntlet that is the Senate."
LifeYield Launches New Retirement Income Website
Wed, Sep 16, 2009
LifeYield's technology reviews the multiple taxable and tax-advantaged accounts held by family members and selects the most appropriate assets to liquidate.
Social Security Tax Base Shrinks as Upper Incomes Grow
Wed, Jul 29, 2009
Compensation that isn't subject to the portion of payroll tax that funds old age benefits now represents foregone revenue of $115 billion a year.
