For decades the idea of a financial transactions tax (FTT), in effect a modest sales tax on stock, bonds, derivatives and other financial assets, has been a fringe idea pursued by a small group of progressive politicians. Now that situation is changing.
While there are generous exclusions allowed when it comes to capital gains on the sale of a home, timing is crucial and the clock is ticking.
"I'm opening up a small business and want to know what financial services, like banking and taxes, you recommend that most people don't consider when starting out. Also, are taxes for companies filed separately from individuals?"
As we approach our nation's birthday, barbeque, swimming, and fireworks tend to dominate our thoughts. Hopefully we can make time for another thought, even if it's brief and in between hot dogs, about the men and women who helped make our country and how they weren't very different from us.
The US has spent some $110 billion on Afghanistan's reconstruction. More than half ($60 billion) has gone to build the Afghan security forces, including the Afghan National Army and the various police forces.
The last thirty years have seen private sector dominance of government. The results are disastrous and clearly seen. Tax codes and laws were established to benefit specific corporations and industries, while creating barriers to entry for new technologies and small companies.
So what exactly would you do, if you were guaranteed $1,000 per month for the rest of your life? And yes, that's around what the amount would most likely be here in the United States, at least at first.
But Jindal's time might have passed -- if it ever even existed. He's not as fresh a face on the political scene as he once was.
You most likely have used Uber to get you where you want, or NoWait to snag a reservation at a hot, new restaurant, or bought gifts through the online marketplace Etsy. These services are part of a growing and on-demand business demographic called the "freelance economy."
The overarching legal standard in situations involving children is "the best interest of the child." This standard invites a broad factual inquiry. Under this umbrella, couples in child custody contests present negative evidence concerning each others conduct.
Reboot Illinois' Madeleine Doubek has little use for House Speaker Michael Madigan's oft-repeated accusation that Gov. Bruce Rauner is being unreasonable and "extreme" by trying to use "non-budget issues" as bargaining chips in deadlocked budget talks.
Happy Father's Day to all the dads out there! Whether you are crawling on the floor with your new baby or walking into the real world with your college graduate, here are a few pointers on how to save some money come tax time.
Every Illinoisans is on the hook for 3 percent of their income going to state income taxes. Their federal taxes, however, likely will vary, and municipalities throughout the state levy their own local taxes on different things and at different levels. But some places in Illinois, and throughout the country, benefit more from state and local tax deductions than others.
The thousands of pages of the federal tax code -- and the tens of thousands of pages of ensuing regulations and judicial rulings -- offer many ways to reduce your taxes. These arrangements are often nicknamed loopholes when they apply to only some people.
Candidate Clinton and other advocates will claim taxing carried interest improves the economy. Unfortunately, it won't. A key principle of taxation is efficiency. Taxing capital differently across sectors and business forms means that taxes are driving business decisions.
Bush's misplaced reputation for moderation is belied by his actual policy record. And few if any analysts have stopped to consider how Bush's specific policy issues line up with Latino support for key policy issues.