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.
Taxes
Digital assets are growing in value and popularity Getty The attention and money flowing into digital currencies have never been higher. Bitcoin has seen a resurgence in valuation in 2019 and Facebook continues to explore its own digital currency offering, Libra. Cryptocurrencies and digital currencies are a reflection of the world we live in: a
Happy Couple Rawpixel.com Before marriage equality, LGBTQ planning lore was full of horror stories. There was the lifelong partner kicked out onto the street after his lover passed away. A woman who had to pretend to be her girlfriend’s sister to get into the hospital room. A father who lost the right to see his
Getty With gloomy threats of Brexit and a general election happening within the coming months, many are worried that foreign wealth might depart the U.K. That threat was confirmed on Friday, with latest government data showing that over 12,000 individuals have given up their “non-domiciled” status. This unique, and almost oxymoronic term, allows foreign individuals
null Getty Regardless of how much money you have, one thing is clear: funding college education is an expensive endeavor. The good news is that over the past decade, Americans of all income groups have come to embrace the 529 plan. In fact, the Pew Research Center found that these education accounts have increased in number
The Devils Dictionary is a great way to learn some new financial terms so you can get back to riding your bike. (Photo by Hendrik Schmidt/picture alliance via Getty Images) picture alliance via Getty Images Do you ever wonder what all that financial jargon actually means? Will your eyes cross after googling just a few
WASHINGTON, DC – MARCH 20: Nina E. Olson in her office on March 20, 2012 in Washington, DC. The Taxpayer Advocate office works independently within IRS. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) Christian Science Monitor/Getty Images Nina Olson, the National Taxpayer Advocate, retired last week after 18 years on the job.
Captive Insurance jda Let’s say that investors gets into an alleged tax shelter, the shelter blows up causing losses, and the investors bring a class-action lawsuit against the promoter. The promoter, in its defense to the attempted class-action certification, alleges that each investor signed a contract when they got into the deal which says that
Share to facebook Share to twitter Share to linkedin Interest rate cuts can have positive impact on economy Getty When the Fed cuts rates, the world economy notices. It typically provides a mirror for the current state of things and a taste of things to come. Here are four reasons the Fed’s recent quarter-point cut
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 questions about when to file to allow for larger benefits for a spouse, how spousal benefits are determined, how survivor benefits are calculated, when it is possible to file