…supporters of the tax claim that it would only apply to…less than 1 per cent of the population. That may sound reassuring to ordinary voters … until they realise that the first income tax back in 1913 also applied to less than 1 per cent of households. Yet that “tax on the rich...
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Both long/short equity and credit funds directly benefit from higher yields on cash via an improved environment for short selling. Consider this example: a long/short equity fund with a 90% gross long exposure and 60% gross short exposure would have total gross exposure of 150% ...
The IRS on Friday said that the typical tax refund is about 2.1% higher than a year ago. That means the average taxpayer through February 16 has received about $3,207 from the tax agency, compared with $3,140 at the same time a year earlier. Still, there are seven weeks remaining in...
gig last year to offset the impact of inflation and didn't pay quarterly self-employment taxes. And there are other issues that could lower your refund, such as families with teenage children who aged out of the $2,000 child tax credit, since only kids under 17 qualify for the benefit....