It's not surprising that at this time of year, even if it's just during the pre-game interviews, I like to take a few minutes to celebrate what may be America's greatest socialist institution, and the active system of redistribution that helps make it so great.
Some economists on the left argue that the deficit is not a serious threat to the health of the economy, while other experts say that projected increases show that long-term solutions need to be found. What does the public think about this debate?
When you're in your 20s, your tax filing is usually pretty straightforward. Unless you buy a house or you travel a lot for your job, you're not going to be claiming a lot of deductions, aside from writing off the interest you're paying on your student loans.
Obama's push to tackle income inequality provides any Democratic nominee with a central organizing theme and policy purpose. It also challenges any Republican nominee to either reject government action in that direction, alienating the strong majority of Americans who favor it--or embrace such government action, alienating the Republican base.
Currently, we have only a few of the specifics, and this week I will write about: what I do know about the proposal; the need for more particulars; arguments in favor of, and in opposition to, the proposal; and an alternative proposal.
If you are over age 70 and a half, the IRS requires you to take a required minimum distribution known as an RMD from your IRA each year.
This week, President Obama introduce a series of economic proposals during his annual State of the Union speech. Here's how five of them would impact the LGBTQ community.
Our biggest problem is the lack of dialogue among the political factions in this country. The Democrats will want free college and amnesty for illegal immigrants. The Republicans will veto the idea of free college and want to deport every illegal immigrant. There are numerous solutions between those choices that will never get a proper airing.
In recent decades, economic growth has powerfully benefited Wall Street while leaving much of Main Street behind. The plan that President Obama unveiled today would take large, important steps to help redress part of the imbalance and make prosperity more broadly shared.
If you're self-employed, then you likely have irregular income. Let's face it: Budgeting sucks. So here are a few creative ideas on budgeting when some moths are flush while others are lean.
The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax (FTT). There has long been interest in financial transactions taxes among progressive Democrats. The list of people who have proposed financial transactions taxes over the years includes Representatives Peter DeFazio and Keith Ellison, along with Senators Tom Harkin and Bernie Sanders. But the proposal last week came from Representative Chris Van Hollen, who is part of the party's leadership. And Minority Leader Nancy Pelosi indicated that she also supports the proposal. This means that financial transactions taxes are now part of the national debate on tax and financial policy. And there should be no mistake; this is a really big deal for the financial industry.
The President has introduced only the grand idea of providing tuition-free education for all students attending community colleges, an idea which, at first glance, seems to have great merit. But at this point we know very few details.
Here are some suggestions to help you figure out where you are on the pre-retirement spectrum and some changes you might consider.
In terms of the overall tax burden (state, local, federal), the top 1 percent don't even pay that much more as a percentage of their income than do the bottom 20 percent. Think about that for a minute. But you knew that, right, Mitt?
Welcome to 2015 -- now is a good time to examine the financial changes that will impact you in the days ahead. And it's mostly good news -- some of these changes can put more money in your pocket in 2015.
One of my resolutions is to help as many people as possible achieve one of the most common resolutions American's make: financial fitness. Was it on your list or should it have been?