Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
John Bogle on Taxes: Praise for Obama; Raise Capital Gains
By John SullivanOften at odds with the modern fund industry he helped create, Bogles comments ran counter to vehement opposition from investment managers and trade organizations over raising taxes on dividends and capital gains.
February 15, 2012
Payroll Tax Cut Deal Reached in CongressCongressional leaders said late Wednesday they had reached a tentative agreement on a payroll tax cut; legislation likely will be ready for President Obamas signature by the end of the week.
February 14, 2012
Obama Proposes 'Buffett Rule' for Wealthy (Wall Street Journal)President Obama's suggestion to replace the alternative-minimum tax with a 30% minimum tax on people earning at least $1 million is part of his long-range "principles" for a future tax revamp but it isn't part of his budget calculations.
February 14, 2012
Obama’s Fiscal Platform (New York Times)President Obama's new budget proposal includes $3.8 trillion in total spending and $2.9 trillion in revenues in 2013, leaving a deficit of about $900 billion.
February 14, 2012
How-Tos of Offshore Accounts: First, Get a MillionMovie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Here's how to play by the rules.
February 14, 2012
Capitol Hill Weighs GOP Payroll Tax GambitHouse lawmakers are returning to Capitol Hill to weigh a proposal by GOP leaders to extend the 2-percentage-point cut in the payroll tax through the end of the year.
February 13, 2012
Obama's 2013 Budget Raises Taxes on Top Earners, Bolsters SEC BudgetPresident Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.
February 13, 2012
Obama Ships Budget to CongressPresident Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.