With Congress now split between Democrats and Republicans, consumer-related legislation is likely to be caught in the crosshairs. “You shouldn’t expect much coming out of Washington that will directly affect your personal finances,” said Ric Edelman, the chairman of financial education and client experience at Edelman Financial Engines. At stake are regulations around lending, student
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Homeless tents line city streets in San Francisco. Homeless community creates a camp with all their suitcases, tents, sleeping bags and precious belongings. Yesterday, voters in San Francisco approved a $300 million-per-year tax on business earmarked to help the city’s burgeoning homeless population, estimated to number about 7,000 in a city of 884,000. The measure
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Following the announcement by Chancellor Philip Hammond that the UK will be imposing a tax on revenues of certain digital companies in 2020, it is worth providing some context to the proposal. Even though the proposal fails every test of sound tax policy, the UK is not alone in pushing this idea. Sound tax policy
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Comcast plans to roll out a new product for broadband-only subscribers that will allow customers to aggregate certain streaming apps, including Netflix, Amazon Prime and YouTube, with a voice-activated remote — a response to the ongoing challenge of navigating video between a variety of sources, according to people familiar with the matter. The product, which
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Today’s map examines states that have a “marriage penalty” in their individual income tax brackets. Under a progressive, graduated-rate income tax system, as a taxpayer’s marginal income increases, tax rates also increase. A marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that apply
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By Bob Blancato, Next Avenue Contributor  Credit: Getty Royalty Free Yesterday, one of the most significant midterm elections in recent history occurred, with significant implications for the outlook on public policies and legislation affecting aging and older Americans. Health and aging issues drove the midterms more than other issues, including preserving the Affordable Care Act (with
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History of the poll tax; leaders and bosses; worthless securities; and other highlights from our favorite tax bloggers. Hard to find, hard to read H&R Block (https://www.hrblock.com/tax-center/): Our favorite opening of the week, from “How to Research Your IRS Account”: “Your IRS account information isn’t readily available or easy to read…” TaxMama (http://taxmama.com): What to
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The 2019 enrollment renewal period for Enrolled Agents is now open through Jan. 31, 2019, according to the IRS. EAs are required to renew their status during this time if their Social Security number ends in 0, 1, 2 or 3. Without renewal, enrollments will expire on March 31. Enrollment renewal applications and payments can
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