Taxes

Share to facebook Share to twitter Share to linkedin Parthenon, Acropolis in Athens, Greece, July 15. 2019 (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Despite what you may have heard, Americans are taxed less than residents of almost any other major developed country. And in 2017, the US ran a budget
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The city of Toronto has become a flash point for a global issue that will soon become one of the most divisive, complex legal, regulatory and administrative challenges of the 21st century: smart cities. Toronto, Ontario, Canada on July 01, 2019. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) NurPhoto via Getty Images Late
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses filing and suspending versus simply delaying filing, how married couples might sequence benefit applications, early retirement benefits before spousal benefits, and how to understand and respond to negative decisions
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A job seeker shakes hands with a representative during a Hiring Our Heroes career fair in Houston, Texas, U.S., on Thursday, Feb. 28, 2019. The U.S. Bureau of Labor Statistics released its new state level employment report on August 16, 2019. Photographer: Allison Hess/Bloomberg © 2019 Bloomberg Finance LP The federal government just released its
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Credit: Getty Royalty Free Getty Even though you may be retired, the tax man is ready to take a slice of your Social Security and retirement fund payouts. How can you minimize his cut? Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif., has some very good advice here: Larry Light: With boomers
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In his defense this week of the Trump Administration’s “public charge rule” that aims to limit immigration for people perceived likely to need public benefits, acting director of U.S. Citizenship and Immigration Services Ken Cuccinelli tried to rewrite poet Emma Lazarus’s famous words on the Statue of Liberty. His version: “Give me your tired and
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether filing and suspending is still a viable option, when spousal benefit can be available, when delayed retirement credits are applied to retirement benefit checks, survivors eligibility for Medicare
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Economists love carbon taxes. According to polls, so do roughly two-thirds of Americans. Yet voters in one of the bluest states in the nation, Washington State, twice rejected a carbon levy in recent years. What’s going on? Why is a carbon tax, an effective tool to combat climate change that appears popular in public opinion
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Few parts of the tax code seem to generate more widespread misunderstanding than the rules for selling a home. At least, that’s been my experience. The rules are fairly simple, as least compared to most of the tax code. Yet, there’s a lot of misinformation floating around. One problem seems to be that many people
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HSA (Health Savings Accounts) can be a tax-efficient way to save for future health care expenditures Getty Health Savings Accounts (HSAs) might be the single most powerful tax-advantaged savings vehicle in the IRS tax code. You can deduct contributions, experience tax-deferred gains and withdraw money tax free for qualified tax expenditures. It’s essentially a no-tax
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The recent feud between President Trump and Representative Elijah Cummings (D-MD) over conditions in Baltimore may have one benefit: it lets us reopen a debate over how the federal government should best assist America’s cities. Federal aid to cities has declined dramatically since President Johnson’s 1960s war on poverty that nearly tripled federal grants to
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The capital gains tax is once again a political tug-of-war. While Democratic presidential candidates discuss changes in capital gains tax to boost federal revenue, the Trump White House is pulling in the opposite direction: a possible executive order to require the US Treasury to index capital gains for inflation—effectively a tax cut that would, controversially, bypass Congress.
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Who pays no federal income tax? Not who you think. TPC’s Howard Gleckman reviews the research by Don Fullerton of the University of Illinois at Urbana-Champaign and Nirupama Rao of the University of Michigan. They’ve taken a close look at the share of people who pay no federal income tax — the “47 percent” that
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