With cold and flu season ramping up, your wallet is likely to take a hit – especially now that the threshold for claiming the medical deduction has increased under Obamacare. What options exist for easing the pain of copays, medications and other medical expenses?
Read MoreDay: September 24, 2013
Lesson Lerner-ed? Disgraced IRS Official Tenders Resignation
Remember Lois Lerner? The former Internal Revenue Service Director of Exempt Organizations made headlines this spring when she was accused improperly targeting certain applications for tax-exempt status based on keywords and politically charged language. She’s finally stepping down from her position. Why now?
Read MoreRussians Consider Boosting Divorce Tax, Citing ‘Moral And Demographic Decline’
As Russia’s economy slows down, its leaders are searching for new ways to raise revenue. Yelena Mizulina, the head of the Committee on Family, Women and Children in the Russian Parliament, thinks she has the answer: increase the tax on divorce.
Read MoreAchtung Baby: Bono Defends U2 Tax Moves
U2 is one of the most successful rock bands in the world. Frontman Bono is considered one of the most charitable men in the world. Yet, when it comes to economics, the band chose to move some operations to the Netherlands in order to pay fewer taxes. Is that hypocrisy? Bono says no.
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