Archive for the
‘Tax’ Category

Another Tariff, Another Downturn Last weeks, stocks went on sale again, but there didn’t seem to be a lot of bargain hunters stepping in to take advantage. The S&P 500 dropped 5.9% over five days, its worst week since January 2016. This follows a by-now-familiar pattern: the Trump Administration announces tariffs—this time on Chinese imports […]

Much Ado About… You may have heard about the “Trump Tariffs;” that is, the proposed 25% surtax on all steel imports coming into the U.S. from foreign manufacturers, and a similar 10% surtax on aluminum. The markets certainly noticed; they fell dramatically after the announcement, as investors feared that the move would spark a global […]

Dec 19, 2017

Bob Veres

News, Tax, Taxation

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What the Tax Bill Means to You The new tax law hasn’t been formally ratified by the U.S. House and Senate, but all indications are that the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days. As you probably know, the House and Senate versions […]

Dec 08, 2017

Bob Veres

Tax, Taxation

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Senate Tax Bill The U.S. House of Representatives passed its proposed tax “reform” bill last month, and now the Senate has followed suit. Interestingly, the two bills are different enough that the two sides are going to have to meet and hammer out a compromise. Here’s a quick glance at the provisions in the Senate […]

Nov 10, 2017

Bob Veres

Tax, Taxation

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The New Tax Legislation Chances are, you’ve heard that tax “reform” is right around the corner—that is, if you can call it “reform” when hundreds or perhaps thousands of new pages are about to be added to the tax code. First, the White House released its tax legislation wish list. Now the Republicans in the […]

Tax Reform—or Not? You can be forgiven if you’re skeptical that Congress will be able to completely overhaul our tax system after failing to overhaul our health care system, but professional advisors are studying the newly-released nine-page proposal closely nonetheless. We only have the bare outlines of what the initial plan might look like before […]

Apr 20, 2017

Bob Veres

Money, Tax

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It’s tax time again, and as you look over your tax payments for calendar 2016, you’re undoubtedly wondering where those dollars are being spent. The Wall Street Journal recently published a chart which breaks down spending for every $100 of tax receipts—and concludes that the U.S. government is actually a very large insurance company that […]

Tax Rules When Selling Your Home – How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules. HOME SALE If you owned and lived in your home […]

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