Tuesday January 27, 2015

News

'Give It Twice' Trust
'Give It Twice' Trust
A very popular option for a parent with children is called the "Give It Twice" trust. This is a trust funded when the surviving...
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Savvy Living - What Medicare Doesn’t Cover
What Medicare Doesn’t Cover
I’m about to sign up for Medicare Part A and B and would like to find out what they don’t cover so I can...
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Washington News - White House Tax Proposals
White House Tax Proposals
In the State of the Union Address on January 20, President Obama outlined several White House proposed tax reforms for 2015. The general plan includes several tax increases on upper-income persons and financial corporations. These will be combined with middle-income tax reductions. Proposed Tax Increases 1. Capital Gains Tax – The current top 20% rate for upper-income persons would be increased to 28%. Because the 3.8% Medicare tax also applies to capital gains, the current top 23.8% rate would be increased to 31.8%. Many states also tax capital gains. In some states, the proposed combined capital gains rate could be 35% to 38%. 2. Estate Appreciated...
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