WASHINGTON, March 13- Raising the retirement age and scrapping regressive taxes such as deducting the interest on mortgages can help richer governments address income inequality without straining their pocketbooks, IMF staff said in a paper on Thursday.» Read More
Here are some things to check or consider if you still have the good old "1040 Form" on your to-do list, the Christian Science Monitor reports.
Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.
Sharing perspective on whether the very wealthy should be taxed according to President Obama's "Buffett Rule," with Whitney Tilson, T2 Partners managing partner and his assistant, Kelli Alires.
CNBC's Eamon Javers weighs in on President Obama's statement on the "Buffett rule." The President said, "no one likes to pay taxes, but this is the real world."
Edward Lazear, former Council of Economic Advisers chairman and Stanford University economics professor, offers insight on taxes, job growth and the current economic recovery.
Gene Sperling, Asst. to the President for Economic Policy, breaks down the President's tax proposal and says, "the president's overall plan is very pro-growth and cuts the deficit."
Sharing perspective on President Obama's speech on the ''Buffett Rule,'' with Chris Krueger, Guggenheim Partners senior policy analyst; Brian Gardner, KBW Washington research analyst; and CNBC's Eamon Javers.
Baby boomers could stand to inherit more than $8 trillion in a transfer of wealth from their parents and, according to one estimate, more than a quarter of that money has already been doled out.
The Mega Millions Jackpot now stands at $640M and Richard Lustig, a 7-time lottery winner, discusses what to do if you win.
April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals and the deadline for your 2011 IRA contribution is April 17, 2012.
The good news is Americans are living longer. But the worry for many retirees is that they'll outlive their savings.
Is a tax refund coming your way? If you have already received your refund for 2011 or are about to receive it, you might want to think about the destiny of that money. Here are some possibilities.
Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.
For most of us, retirement will be the shortest, most challenging period of our lives and yet few are fully prepared for this life stage.
Last year, property tax collections declined 0.9 percent when adjusted for inflation. If that downward trend continues, property taxes may actually decline in absolute terms, which hasn't happened since the Great Depression. USA Today reports.
"Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits," says one financial planner.
One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not.
Paul Heffner, Partner & CIO, CEO, Gen2 Partners thinks that HK could be losing it's competitiveness to other markets from a tax incentive and concessions point of view.
Steve Towers, Senior International Tax Partner at Deloitte and Kang Choon Pin, Tax Services Partner at Ernst & Young Solutions shares their expectations on how the 2012 HK budget might affect its tax structure.
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union.