The rich aren’t taxed enough and the middle class is taxed too much. As for your taxes, you probably think they’re too high as well. Those are the results of an Associated Press-GfK poll that found that most people in the United States support President Barack Obama’s proposal to raise investment taxes on high-income families.
The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts. The change would put brokers – who sell stocks, bonds, annuities and other investments – under the stricter requirements for registered financial advisers when they handle clients’ retirement accounts.
You may have received a large year-end bonus or even a significant monetary gift for the holidays. Perhaps you will be receiving a significant refund from your taxes in the next few months. Do you have a plan for how you would manage your money in this situation?
Want instant access to Royals news, feature stories, blogs, photos, videos and more, including season schedules, player information, stats and weather? Get TRUE BLUE, our new FREE mobile app for iOS and Android devices.
Bats agreed to pay $365 million for Hotspot FX, an electronic market where institutions, dealers and retail broker clients can carry out foreign exchange transactions. The agreement is with KCG Holdings, based in Jersey City, N.J.