Obama Says More Tax Revenue Is Necessary
201304.15
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Obama Says More Tax Revenue Is Necessary

During the fiscal cliff debate, President Obama was straightforward in discussing his solution on how to further reduce the budget deficit: more taxes are needed.  He criticized the idea that “deficit reduction is only a matter of cutting programs.”  But his criticism neglects to mention that much of the tax revenue raised by higher tax…

Supercharged IPOs Draw Attention
201304.01
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Supercharged IPOs Draw Attention

In an initial public offering (IPO), a private company issues shares to public investors in exchange for cash.  Companies benefit through IPOs because the infusion of cash from investors allows them to expand operations, pay off expensive debt, or make acquisitions.  IPOs do not result in the private company owners, the public investors, or the…

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…