George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States) has an estimated net worth of $24.2 billion – built largely on Soros’ success with hedge fund management. That number may be about to get a little bit smaller. Hedge…
It might have started with quiet whispers about breaking THE promise – you know, the one apparently signed in blood to never, ever have an (using Norquist’s imagery) “impure thought” about raising taxes, cutting deductions, letting tax breaks expire or anything remotely related. But now? It’s not a whisper anymore. It’s a full on grown-up…
After the first (and only) Vice Presidential debate, I noted that two minutes wasn’t a lot of time to talk about taxes. It is, as I said, what makes debates both fun and frustrating. The vice presidential debate did not disappoint on that scale. Following the debate, the talk was partly about Sen. Ryan’s surprising…
Earlier this month, I asked small business owners to chime in on tax and economic policy. My panel of small business owners represented different industries and varying locations. Each had employees (ranging from 3 to 100) and their companies grossed at least $250,000 last year. The feedback from the piece was generally favorable. But readers…
When it comes to tax, everyone has an opinion about what’s best for small businesses. President Obama has told us what small businesses want. Presidential hopeful Mitt Romney has told us what small businesses want. Congress has told us what small businesses want. But small businesses haven’t really told us what they want. I suspect…
Ooh, I do love some tax-related drama just hours before Tax Day. And that’s what we got today when a vote on the so-called Buffett Rule was blocked by a procedural maneuver in the Senate by the GOP. Procedurally, the GOP got a win, showing a measure of partisan solitude that they lacked during the…
President Obama and the First Lady managed to do something that many taxpayers haven’t yet done: they have filed their federal income tax returns for the 2011 tax year (downloads as a pdf). Like most married couples, President Obama and the First Lady file as married filing jointly. They also itemized their deductions, something that…
Last night was the State of the Union speech as delivered by President Obama. Traditionally, the State of the Union speech is delivered once a year to both houses of Congress. For the last hundred years or so, the speech has been delivered in January of each year and is the President’s opportunity to address Congress…