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The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
5:50PM 2/08/2012
To run for president in this election cycle, it seems, you must have the backing of a super PAC, often heavily supported by a single super-wealthy benefactor. We've all learned lately about Newt Gingrich's billionaire sugar daddy Sheldon Adelson. Now it's time to meet Rick Santorum's No. 1 fan, Foster S. Friess.
College costs are rising, student loan debt is nearing $1 trillion, and money is still tight everywhere. So if you're a parents or a soon-to-matriculate student, you'll want to hear what the Princeton Review's Rob Franek has to say about the best value colleges of 2012.
Thanks to yet another lapse by Congress, more than 20 million taxpayers may pay a tax in 2012 that was originally designed to hit only the ultra-rich. It may not happen -- but you should plan ahead for it in case it does.
Nobody enjoys paying taxes, so hearing that Congress is cutting the IRS budget might inspire you to applaud. But this is the agency that makes sure the rest of government gets funded, and stops the unscrupulous from dodging their fair share of the burden.
Who's Buying Your Next President? Sheldon Adelson Makes His Bid
5:25PM 1/31/2012
Casino mogul Sheldon Adelson has stirred up controversy recently for his $10 million in political help to the Newt Gingrich campaign -- but it's all perfectly legal. Still, with billionaires and corporations now able to make almost unlimited political donations, is the presidency for sale?
Isaac Underwood's job requires him to don a Statue of Liberty outfit to attract customers for Liberty Tax Services. But on Thursday, Underwood, 27, behaved more like a costumed hero, chasing a pair of thieves who robbed his employer of $280.
While the pundits debated the vices and virtues of Mitt Romney's and Newt Gingrich's tax returns, the folks at Kiplinger were scouring them for ideas that could help you. Even if you'll never have a Swiss bank account or own complex foreign assets, these dozen moves could help you lower your IRS bill.
How You Can Get a Taste of Mitt Romney's Low Tax Rate
11:23AM 1/25/2012
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.
State of the Union: 3 Economic Themes Obama Is Sure to Focus On
6:38PM 1/24/2012
In tonight's State of the Union, President Obama faces a tough crowd: Millions of Americans unsure about whether he should keep his job. He'll be aiming to win hearts and minds, and at least part of that will be an appeal to our wallets. With that in mind, here are three key points that he is likely to hammer home tonight:
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."
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