Warren Buffett has said it before and he's likely to say it again to Congress on Wednesday: He thinks the heirs of the wealthy should be taxed on their inheritance. Buffett, one of the world's richest men and now its biggest philanthropist, has been
WATERLOO, Iowa (AP) -- Democrat Hillary Rodham Clinton marked Veterans Day by calling for new assistance programs, but said she would move more carefully than her rivals on dealing with looming shortfalls facing the Social Security system. Her move c
Dear College Money Guru, Can a grandparent sponsor a 529 savings account? -- Robert Dear Robert, Grandparents and 529s were made for each other. Establishing a 529 account is easy. Simply fill out the plan enrollment form designating your grandchild
WASHINGTON (AP) -- Bank of New York Mellon Corp. said Friday that the Internal Revenue Service is considering litigation against the company over a tax-related transaction. The New York bank also said in a Securities and Exchange Commission filing th
WASHINGTON (AP) -- Missouri lawmakers have taken fewer privately financed trips this year, part of a trend triggered by a series of ethics scandals that brought greater scrutiny on the practice and moved Congress to restrict the influence of special
WASHINGTON (AP) -- House Democrats on Friday pushed through an $80 billion bill to block the spread of a dreaded tax on middle-income people. The White House and Republicans, protesting tax increases in the bill affecting mainly investment fund manag
The leading Democratic candidates for president have said they'd favor higher taxes on dividends and capital gains - and Wall Streeters don't like it. "With the very real prospect of an increase in the capital gains tax, anyone who is long stock will
For some, a Senate committee's investigation into six well-known evangelical ministries is long overdue, a needed check on preachers living lavish lifestyles built with their donors' generosity. But even among those who welcome the scrutiny, there wa
ANNAPOLIS, Md. (AP) -- A Maryland Senate committee has approved big changes to key components of Gov. Martin O'Malley's budget deficit plan, eliminating a property tax cut the governor wanted and making a proposed overhaul of the state's tax structur
Every year, lawmakers vow to kick the AMT habit. But once again Congress looks set to rely on a temporary "patch" to prevent millions of households from paying thousands of dollars in higher taxes. The House is set to vote Thursday to lift the Altern
Dear Tax Talk: I am a self-employed carpenter. I currently operate as a C corporation . I pay myself a salary, pay my health insurance, and put what is left in a SEP IRA. At the end of the year the corporation profit is near zero. Can a sub-chapter
In a time when many folks are worried they won't have enough money for retirement, others are worried they'll have too much left over. The estate tax now sits at 45%, and while the exemption will grow to $3.5 million and then disappear by 2010, the e
NEW YORK (AP) -- Now here's something with a nice ring to it: Zero percent tax on capital gains. Folks are already planning how to profit when the tax is eliminated for some taxpayers next year, and wealthy people with kids are in the vanguard. The c
MINNEAPOLIS (AP) -- A wealthy Minnesota executive and accused tax cheat on the run from the law since August 2006 has been captured by U.S. marshals in Florida. Robert B. Beale appeared Friday before a Florida judge and is expected to be extradited t
WASHINGTON (AP) -- People should be on the lookout for a new e-mail scam soliciting donations to California wildfire victims in the name of the Internal Revenue Service and the U.S. government, the IRS said Friday. The tax agency said the bogus e-mai
·Wis. Lawmakers Pass Long-Ove
·Not all settlements are taxa
·Massive tax overhaul bill to
·Fidelity National to Spin Of
·House Democrats Propose Tax
·Giant tax overhaul bill unve
·Former Body Armor CEO Indict
·Balm For Housing Blues: Use
·The 'Mother of All Tax Bills
·Chicago Politicians Seek New
·Know escrow rules before wai
·Tax Relief Offered for Wildf
·Not all settlements are taxa
·Massive tax overhaul bill to
·Fidelity National to Spin Of
·House Democrats Propose Tax
·Giant tax overhaul bill unve
·Former Body Armor CEO Indict
·Balm For Housing Blues: Use
·The 'Mother of All Tax Bills
·Chicago Politicians Seek New
·Know escrow rules before wai
·Tax Relief Offered for Wildf
Taxes
