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Mickey Mouse Decouples From The U.S. Economy Mickey Mouse Decouples From The U.S. Economy

The following is an excerpt from Marek Fuchs | March 6, 2014 | MarketWatch.com | With the economy either on the sunny side of the street or a godforsaken mess, all eyes will fall this week on Disney, which is due to report fiscal second-quarter earnings after the stock market closes today. As Goofy goes, so goes America — or so the media seem to think. Whenever the economy is throwing out mixed signals and the financial talking heads are running wild, ... Read More

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One of the Best Retirement Deals 9 Out of 10 People Ignore One of the Best Retirement Deals 9 Out of 10 People Ignore

The following is an excerpt from Carla Fried | May 8, 2014 | Bloomberg.com | There are some easy decisions around 401(k)s. Contributing enough to trigger the highest possible matching contribution from your employer, for example, is one of them. Contributing to a Roth 401(k) should be another. But it's not. Eight years after retirement savings plans were allowed to offer the option, which can help many people boost their retirement funds, more than half added it. Yet just 11 percent of ... Read More

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Why the U.S. Middle Class is Falling Behind Canada’s Why the U.S. Middle Class is Falling Behind Canada’s

The following is an excerpt from Aimee Picchi | April 23, 2014 | CBSNews.com | The economic backbone of the U.S. -- its middle class -- has lost ground over the past decade, thanks to wage stagnation and a greater distribution of wealth going to top earners. An analysis of data by The New York Times finds that after-tax middle-class incomes in Canada have pulled ahead of American middle-class earners. On top of that, the poor in some European countries actually earn ... Read More

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‘The New IRS’ Lets You Pick How Your Tax Dollars Are Spent ‘The New IRS’ Lets You Pick How Your Tax Dollars Are Spent

The following is an excerpt from Marine Cole | April 15, 2014 | Thefiscaltimes.com | Now that you’ve filed your federal tax return — you’ve filed, right? The clock is ticking — you may be crossing another task off your To Do list, breathing a sigh of relief, or maybe dreaming up ways to spend a refund check. Chances are, though, that you aren’t giving much thought to just how the federal government will be spending all those tax dollars. The site ... Read More

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Tax Earnings Where Products Are Sold Tax Earnings Where Products Are Sold

The following is an excerpt from Alan J. Auerbach | May 30, 2013 | Nytimes.com | More than a century old, our corporate tax is showing its age. To modernize it, the basic challenge is to implement a corporate tax that is fair and provides sufficient revenue while making the United States an attractive place for companies to locate and produce, and create the good jobs we need. The fundamental problem is our reliance on the concepts of residence, or where a ... Read More

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Apple and the Idiocy of Taxing Profits Apple and the Idiocy of Taxing Profits

The following is an excerpt from Matthew Yglesias | May 21, 2013 | Slate.com | How does a company earn almost $30 billion over four years with no employees and no physical office? That’s the miraculous tale of Apple Operations International, an Ireland-based shell company established by Apple for the purpose of making profits disappear from the prying eyes of the tax man. Every large international firm has lots of fungible money, and tax law varies substantially from place to place, ... Read More

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April 15 Isn’t This Month’s Only Tax Deadline April 15 Isn’t This Month’s Only Tax Deadline

The following is an excerpt from Eva Rosenberg | April 8, 2013 | smartmoney.com | April 15 isn’t this month’s only tax deadline Individuals face the following costs: Fund your IRA or Roth IRA. April 15 is the very last day to fund it to get the benefit of a deduction (or contribution) for 2012. If you have limited dollars and can’t fund everything, fund this. But only if you’re sure you’ll have enough to cover all the other things on this list ... Read More

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The Class War Has Begun The Class War Has Begun

The following is an excerpt from Matthew Yglesias | April 10, 2013 | Slate.com | President Obama’s much delayed fiscal year 2014 budget is another salvo in D.C.’s endless war over taxes. Obama embraces both reductions in Medicare payments and a controversial cost-of-living formula to reduce Social Security benefits while demanding higher revenues. Republicans once again refuse to consider even a small amount of additional tax revenue as their side of a bargain. But this superficial conflict about taxes hides a much ... Read More

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11 Surprising Things You Have to Pay Taxes On 11 Surprising Things You Have to Pay Taxes On

The following is an excerpt from ANNE BRENNAN | April 8, 2013 | Thefiscaltimes.com | In 2004, a young 12-year old daughter of a farm family in Sonoma County, California wrote to the producers of “Extreme Makeover: Home Edition.” Shelby Pope asked them to renovate her family’s home because she has a rare condition called “polymorphous light eruption” (sun poisoning), and can’t be exposed to sunlight. If they could keep the UV rays from coming through the windows, she could leave ... Read More

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Tracy Byrnes, FOX Business Network Tracy Byrnes, FOX Business Network

The FOX Business Network’s Tracy Byrnes talks with the Opportunist’s Managing Editor Leslie Stone about her path to TV news, what she really thinks about the U.S. tax code and the one thing she dislikes about being an on-air personality. Tracy Byrnes is perhaps best known for her quick wit and entertaining approach to the economic issues of the day. An on-air reporter for the FOX Business Network and a regular on “Cashin’ In” each Saturday morning on the Fox News ... Read More

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