Taxes

Divided government in Washington isn’t stopping all action Even the President’s declaration that he won’t work with Congress as long as it is investigating him hasn’t put a hold on all work. A determined, bipartisan group of leaders in both houses of Congress wants to make significant changes in retirement plans, and they’re pushing forward
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Getty The House passed the SECURE Act before Memorial Day weekend, with a 417-3 vote, moving the fate of the biggest changes to retirement policy since 2006 to the Senate which plans to take up its version of the bill after the holiday. There’s good news for part-timers, new parents, older workers and employees at
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Senior disabled mother in a wheelchair with her daughter on South Pointe Park Pier. (Photo by: Jeffrey Greenberg/UIG via Getty Images) UIG via Getty Images The Trump Administration is (very quietly) looking at ways to reinvigorate the flagging private long-term care (LTC) insurance market. The recommendations are expected to surface later this year. And they
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O’Shares Chairman Kevin O’Leary visits the trading floor after ringing the New York Stock Exchange opening bell. The cast member of television’s “Shark Tank” program was marking the recent launch of the O’Shares FTSE US Quality Dividend ETF. (Photo by AP/Richard Drew) Kevin O’Leary is Chairman of O’Shares Investments, but you probably know him as
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The utility of annuities as investment products is one of the most sharply contested subjects in the financial world. The objective of dispassionate observers should be to help clear the smoke and offer simple guidelines to form smarter opinions about one of the most promising—but also reputedly one of the most damaging, tax-oppressive, costly, and
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Texas vs. California, a series of essays comparing America’s two most populous states Texas Public Policy Foundation One in every five Americans call California or Texas home. Comparisons between the two most-populous states are useful because both states have diverse populations and economies, but vastly different politics. That, in turn, leads to divergent public policies
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Getty Getty The Internal Revenue Service audited only 0.59% of individual income tax returns last year, the lowest audit rate since 2002, according to the IRS 2018 Data Book released today. A closer look shows that it’s the highest earners whose audit rate has dropped the most. For the highest income taxpayers—returns showing adjusted gross
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