Cut College Debt Through Simpler Tax Incentives, Senator Says
The Senate Finance Committee looked at ways to reduce student borrowing through the tax code. One possibility: boosting prepaid 529 plans.
Wealthy Clintons Use Trusts to Limit Pain of Estate Taxes
Bill and Hillary Clinton have long supported an estate tax to prevent the domination of inherited wealth. That doesn’t mean they want to pay it.
Plan to Limit Charitable Tax Deduction Would Cut Gifts by $9.4B: AEI
American Enterprise Institute study warns top 1% would lose incentive to give.
Limiting 401(k) Subsidies: Smart Deficit Reduction or Dumb Double Taxation?
A 28% cap on retirement deductions was just one of 15 deficit-cutting proposals of the Brookings Institution’s Hamilton Project.
Fiscal Cliff Tax Backlash: 4 Hits Your Clients Will Take—A Case Study
As fiscal cliff negotiations continue in Washington, a case study of the four major tax repercussions of a typical client couple should we go over the cliff.
‘Haves’ Urge Stronger Estate Tax Proposal in Fiscal Cliff Talks
‘I can afford to pay the estate tax’ is a recurrent theme among wealthy supporters of a $4 million exemption, including a Disney, a Rockefeller, a Gates and a few folks named Buffett and Bogle.
How Other Cliff Will Impact ETF Investors
For financial advisors, this potential scenario gives them a fine opportunity to help income-challenged clients.
What Will the Possible Fiscal Cliff Plans Cost Your Clients?
Your bread-and-butter client, an upper middle-class family with two children, earning $147,000 a year, would see their tax bill rise by $7,323 if we go over the fiscal cliff. They would fare better under the plans of the two political parties.
Compromise Time? Eliminating the Fiscal Cliff With Current Tax Rates
The presidential election is behind us but the clock is still ticking on tax increases scheduled to take effect January 1. One solution involves capping deductions while reducing tax spending for all taxpayers.
Deficit Reduction Deal: 3 Dueling Plans to Achieve It
As the politicians prepare their negotiation stances ahead of Friday's White House budget talks, liberal and conservative economists are offering their ideas on how to solve America’s growing fiscal gap.