CapitalGainsTax

Why It's Time to Dump Your Dividend Stocks

With the Dow surging past 13,000, capital gains fans are sitting pretty, and a Barron's poll of financial experts says dividend stocks are the place for the smart money to be. But all the exuberance is masking several reasons why it's actually time to get out of those popular equities.

Why Facebook Is Paying These People's Tax Bills

When the Facebook IPO arrives, many of its employees are almost certain to hit it rich -- and they're getting an extra benefit no one would have expected: The company will pay the taxes on their stock profits. Crazy? Recent history says not. Here's why:

Super Tuesday: What It Could Mean for Your Wallet

There are more than 400 delegates up for grabs across 10 states in the Super Tuesday GOP presidential primaries. While the votes are being tallied, we offer this outline of the business and money policy positions of frontrunners Mitt Romney and Rick Santorum:

Rick Santorum: An Average Guy with Ordinary Taxes

Rick Santorum has rarely shied away from controversy in his political career, but there's no controversy to be found in his taxes. Based on his recently released returns, Santorum appears to have been a conscientious taxpayer, and a fairly normal (if a little wealthy) guy.

How Can You Get Mitt's Tax Rate? (Hint: You Can't)

Amid all the chatter about Mitt Romney's high income and low taxes, many have wondered why more Americans don't take advantage of those attractive capital gains rates. The answer is that most people can't -- at least not on a level large enough to make a difference in their finances.

Are You Being Misled By Your Tax Bracket?

A lot of tax talk focuses on tax brackets. But in order to get the full picture of what you hand over to Uncle Sam, you need to consider not your bracket, but your effective tax rate -- and those are two very different numbers.

How You Can Get a Taste of Romney's Low Tax Rate

On Tuesday, GOP presidential hopeful Mitt Romney released his tax returns, which showed he only paid about 14% of his $21.6 million income in taxes. You'll probably never have that kind of money, but you can use some of his methods to save on your own taxes.

Romney's Best Tax Break: Let's Talk 'Carried Interest'

Mitt Romney paid a lower tax rate on his $21.6 million income in 2010 than the average U.S. family. It's no secret how: He made his money from investments, not wages. But even people who favor low capital gains taxes might not approve if they understood more about a neat little income category he benefited from called "carried interest."

12 Money-Saving Year-End Tax Tips You Shouldn't Miss

Although the end of 2011 is near, it's not too late to make sure you don't owe more to the IRS than you need to on April 15. Here are some tax-smart moves to make before you head out to that New Year's Eve party.

A 'Bad Timing' Tax? Mutual Fund Investors, Beware

Nobody likes to pay taxes, but its worse when you're stuck paying them on income you never earned. Unfortunately, that's exactly what happens to many of us every year around this time, thanks to a quirk in how mutual funds operate and are taxed.

How Buffett's Plan Cuts Taxes for Some of the Wealthy

In the political battle over taxes, Warren Buffett has been cited often -- both as an example of the country's unbalanced tax code and for his popular plan to boost taxes on the rich. There's just one thing: His plan would leave many of them paying less.

Even With Buffett Tax, Middle Class May Still Get Hit

Warren Buffett's tax proposal would take a bite out of America's wealthiest families: Those who make $1 million or more would pay a total of 30%, while those who make more than $10 million would pay 35%. But even if his plan passes, experts say balanced budgets will still require sacrifices across the board.

Perry's Flat Tax Plan: Big Savings, Bigger Costs

On Tuesday, Texas Governor and GOP presidential hopeful Rick Perry finally entered the tax debate with "Cut, Balance and Grow," a startling new flat tax plan that borrows freely from Herman Cain's 9-9-9 proposal. But would it help American workers, or slash, topple and shrink the U.S. economy?

Why Taxing the Rich Is Good for America

Last week, Warren Buffett wrote an incredible opinion piece in The New York Times asking the government to raise taxes on the wealthiest Americans, himself included. "My friends and I have been coddled long enough by a billionaire-friendly Congress," he argued, and he's not alone in that view.