Congress has long set a lower tax rate for investment income, citing the benefit to the economy. But 87% of capital gains are claimed by people making more than $200,000 a year.
The paid programs are better and easier to use this year. Here is a comparision of the three most popular programs and their cost.
Taxpayers with simple returns have several free filing options, from using IRS forms online to getting help from tax prep firms at Wal-Mart.
The GOP contender’s income and wealth would rank him with some of the richest American presidents ever. But he wouldn't outrank the wealthiest, who was also the first.
The GOP candidate's 13.9% rate draws attention to a tax break for investment execs that taxes profits at the capital gains rate of 15% rather than the regular rate of up to 35%.
Pay attention to your 1099 forms, because the IRS does. Even if you don't get a form, you still have to report the income.
The GOP candidate classified millions as profits, not regular compensation, avoiding tens of thousands in Medicare tax. The IRS has won court challenges of this common tactic.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Tired of your wallet taking a beating at the grocery store? Here are some creative ways to save big on food costs.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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