Investment

Saving Money With Free TurboTax

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Paying to have your taxes done locally can cost you hundreds of dollars, free turbotax 2012 is a simple and easy solution to save you money. When you do not have hundreds of extra dollars to spend on getting your taxes done, you may want to consider alternative methods of saving yourself the money. If you currently owe money to the government, you are probably struggling to find the funds that you will need in order to make this payment. As such, paying more than you need to would not be a smart decision. The best way for you to … Read the rest

The Relationship Between Capital Gains And Economic Growth

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Find Out whether or not lower taxes on capital gains promote economic growth.

Mitt Romney admitted on Tuesday that he pays less tax because most of his income is derived from his investments rather than from his wages. Investment incomes are only subjected to 15 percent withholding tax as opposed to the 35 percent tax rate that top employees pay. Romney’s concession reignited the debate as to whether the tax rate on capital gains should be that low.

Jared Bernstein is of the opinion that there is no clear way of showing that low taxes on capital gains promote investments. … Read the rest