A key change in the tax plan proposed by Senators Marco Rubio and Mike Lee would be very advantageous for low-income households compared with the original Lee plan and, to a lesser extent, current law.
Whether you live in a community property state like California, you might choose to keep some assets separate in marriage. Here are some key do’s and don’ts for keeping assets separate in marriage, and for building a successful financial life as a couple.
Republican Senators Marco Rubio and Mike Lee have introduced what should probably be thought of as the first major set of tax proposals in the 2016 Presidential election season. While their proposals are unlikely to be enacted, they hint at the troubling direction that tax reform debates seem to be headed.
For decades, policymakers have enthusiastically supported special tax breaks for small businesses, including start-ups. But there is a wide gap between the professed support for small businesses and what the tax code does for (and to) start-ups in the real world.
Congress is beset by partisanship that has made it virtually impossible to get much done. But the ABLE ACT, which passed at the end of the last Congress and helps children with disabilities, could serve as a model.