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Friday, July 25, 2014

Taxes

News                                                                                                                             
Bloomberg | Rich French Fleeing Hollande Taxes Find Portugal Haven
Lisbon real estate agent Paulo Silva says Portugal’s property market has a Frenchman to thank. Francois Hollande, that is.

Econ Comments & Analysis                                                                                            
FOX Business | The Tax Differences Between a C Corporation and an S Corporation
Deciding the difference between a C Corp and an S Corp should include a tax professional and an attorney. The attorney can address the liability and legal issues of incorporating and the tax professional can explain the tax consequences and even worksheet anticipated liabilities based on the actual situation.
Heritage Foundation | IMF Wants U.S. Taxpayers to Shoulder More Risk
The International Monetary Fund’s (IMF) report on its 2014 Article IV consultation with the United States highlights the importance of securing a safer financial system. The IMF’s policy recommendations would, however, achieve the opposite while putting U.S. taxpayers at risk.

Blogs                                                                                                                             
FOX Business | Mortgage Interest Rate Deduction: Do We Really Need It?
I argued that childless renters making a good income tend to be on the losing end when it comes to the tax breaks. Most readers pointed out that renters do not have the overhead that comes with owning a house, which means the write-off of mortgage interest and property taxes levels the playing field.