Private Equity’s Tax Breaks Under Attack
201303.15
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Private Equity’s Tax Breaks Under Attack

Faced with fiscal challenges to the United States in the last few years, lawmakers and policy experts have discussed eliminating the preferential tax treatment of private equity and hedge funds. Private equity and hedge fund managers’ annual compensation is often a combination of a management fee and a percentage of profits the fund earns (the…

The Bank of China Expands in the U.S.
201303.01
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The Bank of China Expands in the U.S.

In late 2012, the state-controlled Bank of China became the first Chinese lender to participate in the sale of U.S. commercial mortgage-backed securities (CMBS) by joining with other banks to help lend the $950 million needed to build a 43-story building in Manhattan.  The loan obligations were then packaged as bonds for sale to investors….

Problems with the President’s Budget Plan
201301.15
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Problems with the President’s Budget Plan

President Obama has urged Congress to work with his administration to solve the United States’ long-term budget problems.  In its last five fiscal years, the United States has run four $1 trillion-plus annual deficits, and is on pace for approximately $850 billion in fiscal year 2013. The President has said he can support $930 billion…

Wealthy Face Crushing Taxes in California
201301.04
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Wealthy Face Crushing Taxes in California

Residents of California face heavy income tax burdens.  The federal tax rate on income over $400,000 ($450,000 for joint filers) rose from 35 percent to 39.6 percent for the 2013 tax year and beyond.  The Affordable Care Act imposes a 0.9 percent Medicare tax on incomes over $200,000 ($250,000 for joint filers), which is on…

Protecting Yourself From The Fiscal Cliff
201212.05
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Protecting Yourself From The Fiscal Cliff

Below is an interesting article by Elizabeth O’Brien from Market Watch. In the article O’Brien details how to protect your estate from the fiscal cliff very thoroughly. She goes on to explain, ‘The decline to $1 million would cause the number of estates owing estate tax to soar nearly 15 fold from this year to…

Obama’s Tax Increase for Everyone
201210.18
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Obama’s Tax Increase for Everyone

Glenn Hubbard, Dean of Colombia Business School, wrote a WSJarticle claiming that President Obama’s higher spending levels will require require an increase in taxes for all Americans. That’s not limited to the rich — while their increases are substantial, Americans earning less than $200,000 a year will still face an 11 percent increase.   Nearly a…

End of Bush Tax Cuts
201210.17
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End of Bush Tax Cuts

The Wall Street Journal shares what taxpayers should expect in the coming years if Congress does not act to extend Bush’s tax cuts. If the tax cuts — enacted in 2001 and 2003 — expire this year as scheduled, American taxpayers may face some pretty stark changes, including: Higher federal income taxes for everyone — not…

Triple Tax Increase in Your Future
201210.17
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Triple Tax Increase in Your Future

A timely article from the Investor’s Business Daily calls our attention to the effect changing tax policies will have on capital gains and dividend payouts. If Bush’s tax cuts expire as scheduled, taxes on these forms of income will almost triple overnight. With current tax cuts, capital gains and dividends are currently taxed a flat…

Obama Seeks New Taxes On The Rich
201209.20
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Obama Seeks New Taxes On The Rich

The Wall Street Journal article, “Obama Seeks New Taxes On The Rich,” covers the Obama’s proposed budget plan as he discusses new proposed programs, and his desire to restore what he calls economic “fairness” among the American people. According to the article: “The budget underscores the White House’s bet that it can convince voters in November that increased spending in the…