LINCOLN, Neb.-- Veterans' groups told lawmakers Thursday that Nebraska's tax on military retirement pay is driving people out of the state, while some lawmakers questioned whether the losses are influenced more by warmer climates and family connections elsewhere.
HONG KONG, Jan 16- Mainland Chinese shares retreated from 7-1/ 2- month highs on Wednesday, dragged lower by real estate developers on renewed fears of broader property taxes. The CSI300 of the top Shanghai and Shenzhen A-shares closed down 0.7 percent at 2,577.1 points. The Shanghai Composite Index also shed 0.7 percent.
*American Eagle gold coin sales hit lowest in 5 years. NEW YORK, Jan 3- Sales of U.S. Increased gold selling ahead of U.S. tax increases in 2013 and flat demand had prompted the Mint to lower coin output, said Edmund Moy, chief strategist of Morgan Gold, which offers U.S. retirement accounts that include precious metals coins and bars.
WASHINGTON, Jan 2- Carry on, everyone. With solid deductions like state taxes and home-loan interest, it can take $300,000 or more in gross income to produce $250,000 in taxable income. For most taxpayers, the immediate hit will be the end of the temporary 2 percentage point cut in payroll taxes for Social Security.
WASHINGTON, Dec 28- President Barack Obama was not planning to make a new offer to avert the tax increases and spending cuts that loom on Jan. 1 at a White House meeting with congressional leaders on Friday, a source familiar with the meeting said. Obama believes his plan would pass with a majority in both the House of Representatives and the Senate, the source said.
In an example of federal and state tax law interaction that gets little notice on Capitol Hill, 30 states next year could collect $3 billion more in estate taxes if Congress and President Barack Obama do not act soon, estimated the Urban-Brookings Tax Policy Center, a Washington think tank.
CAIRO, Dec 26- Egypt's government will not implement a series of planned tax increases until it completes a dialogue with different parts of society, Al-Mal newspaper has quoted Planning Minister Ashraf al-Araby as reaffirming. The unpopular measures are deemed necessary to secure $4.8 billion Egypt is seeking from the International Monetary Fund.
Dec 14- Regardless of when, whether or how Washington resolves so-called fiscal cliff issues, consumers will still have to make their own year-end financial decisions. Reuters has published a special year-end package offering guidance to taxpayers, workers, savers and investors. For individual stories, please double click on the codes in brackets.
Dec 12- Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die.
Dec 12- Warren Buffett's conglomerate Berkshire Hathaway Inc bought back $1.2 billion in stock from the estate of an unnamed investor, the company said on Wednesday, one day after Buffett advocated for a higher estate tax when the wealthy die.