Topic: Capital Gains

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Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Seven retirement questions you need to answer

Retirement planning isn't easy. Nearly half of Americans don't feel financially prepared to live to age 75, according to a survey from Northwestern Mutual. But the process is a lot less burdensome if you break the task down into simpler parts. Here are seven questions to ask as you plan for your long-term financial security in retirement.
Can the national debt be cut? How Republican candidates' plans compare.

Here's a comparative look at the candidates based on the group's numbers.
4 reasons Abraham Lincoln wouldn't win the GOP nomination in 2012

Yes, Abraham Lincoln was America's first Republican president, and, yes, the GOP proudly calls itself the Party of Lincoln. But Bradley University sociology chair Jackie Hogan wonders: Could Lincoln win his party’s nomination in 2012? Considers his stance on some of the hot-button issues in the Republican primary race.
Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.

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Decoder Wire
Is Congress broken? Startup Act shows what can work.

The Startup Act is a modest piece of pro-business legislation unveiled Tuesday. It won't change the world, but that's why it may pass. In a partisan Congress, 'good' may be better than 'perfect.' 
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Seven retirement questions you need to answer

Retirement planning isn't easy. Nearly half of Americans don't feel financially prepared to live to age 75, according to a survey from Northwestern Mutual. But the process is a lot less burdensome if you break the task down into simpler parts. Here are seven questions to ask as you plan for your long-term financial security in retirement.
Tax VOX
Is the Buffett rule a step in the right direction for tax reform?

A better answer would be to close the loopholes that help the wealthy avoid paying higher taxes, but some argue that a minimum tax like the Buffett rule might be a good start.
Robert Reich
How does the uber-wealthy Romney pay so little in taxes?

Romeny's low tax rate, and how he achieved it, provides an important lesson in how tax laws need to change.
Robert Reich
Why the 'Buffett rule' isn't enough

A 30 percent overall tax rate for millionaires still sets the bar too low, in light of the grim budget realities facing the country.
Tax VOX
Not all taxes on the rich are created equal

Some political leaders and commentators are showing a growing interest in raising taxes on the rich. But the ideas on the table would have very different results.
Tax VOX
How will Romney pay for his tax cuts?

Romney is promising both massive tax cuts and a balanced budget, but it's unclear how he will pay for either.
Tax VOX
Romney's policy dead-end

Mitt Romney has added a new plank to his campaign tax platform: Cut all ordinary tax rates by a fifth. But he’s put a few pretty big hurdles in the way of making sure his plan does not add to the deficit.
Can the national debt be cut? How Republican candidates' plans compare.

Here's a comparative look at the candidates based on the group's numbers.
Tax-cut duel: After Romney, Obama lays out his plan

President Obama unveiled a plan to cut corporate tax rates to 28 percent – almost as much as a Mitt Romney proposal today. Did Obama just remove tax cuts from the GOP campaign arsenal?
Why Mitt Romney wants to cut individual and business tax rates

Hours before a GOP debate in Arizona, Mitt Romney released his plan to cut corporate tax rates to 28 percent. Mitt Romney also said he would cut individual tax rates by 20 percent.
4 reasons Abraham Lincoln wouldn't win the GOP nomination in 2012

Yes, Abraham Lincoln was America's first Republican president, and, yes, the GOP proudly calls itself the Party of Lincoln. But Bradley University sociology chair Jackie Hogan wonders: Could Lincoln win his party’s nomination in 2012? Considers his stance on some of the hot-button issues in the Republican primary race.
Donald Marron
How would the 'Buffett rule' affect marginal tax rates?

The 'Buffett rule' – a minimum tax rate on millionaires – wouldn't have much effect on wages and salaries, but it would greatly impact capital gains.
The Reformed Broker
Obama's budget plan hammers investors

The president's plan to raise tax revenue could mean disaster for the equity markets.
Facebook IPO: Could it backfire if users revolt?

The Facebook IPO will make some people very rich, but social-media experts suggest that it could force Facebook to put profits over user experience – and that could cause problems.
Los Angeles Mayor Villaraigosa sees "draconian" cuts ahead in Obama's budget

Although the nation needs investment in infrastructure and education, among other areas, US Conference of Mayors President Antonio Villaraigosa says Congress' past bad behavior mean President Obama's budget will likely have serious spending cuts.
Donald Marron
The days of the 15 percent tax rate are numbered

The top tax rate on long-term capital gains is currently 15 percent. That’s why Mitt Romney is talking so much about his tax returns. Often overlooked is the fact that the days of the 15 percent tax rate are numbered.
Romney tax return shows he paid $3 million. His tax plan wouldn't bump that.

The wealthy GOP presidential candidate paid about 14 percent of his income in taxes in 2010, the Romney tax return shows. That's a lower rate than most middle-class Americans pay. Under Romney's tax reform plan, his tax bite would not change.
Romney paid about 14 percent income tax in 2010

For 2011, he'll pay about $3.2 million with an effective tax rate of about 15.4 percent, the campaign said. Those returns haven't yet been filed yet with the Internal Revenue Service.
Mitt Romney to release his taxes: beyond the obvious ($$), six things we can learn

Mitt Romney is releasing his 2010 tax returns and estimated 2011 taxes on Tuesday, providing information on his income, deductions, and how the wealthiest Americans navigate the system.
Tax VOX
Why does Mitt Romney manage his investments from the Caymans?

Mitt Romney's holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign jurisdictions. The real winners in these arrangements are U.S. tax-exempt entities, not Mitt Romney and the investors themselves.
Mitt Romney now says he'll make public his tax returns

Under pressure over his wealth at a time when many Americans are struggling, and coming off a drubbing in the South Carolina primary, Mitt Romney says he’ll release his tax returns this week.
Unlocking the mystery of Romney's 15 percent tax rate. Yes, it's legal.

Mitt Romney can pay a tax rate of 15 percent because his income, from investment firm Bain Capital, is structured as capital gains in the form of 'carried interest.' Here's how it works.
Robert Reich
Romney's tax loophole

Mitt Romney probably manages to pay a 15 percent tax rate by treating his generous compensation from Bain Capital as capital gains. It's a loophole that unfairly benefits high earning private-equity managers.