Investors can deduct $3,000 in capital losses against ordinary income, a benefit that cushions the sting of a failed investment. It’s a tax break frozen in time, stuck at the same nominal dollar amount since 1977.
President Barack Obama and first lady Michelle Obama earned $608,611 in adjusted gross income in 2012, down 23 percent from 2011 as royalties from the president’s books kept declining, tax returns showed.
Bloomberg Businessweek's Joshua Green is not alone in surmising that, if Mitt Romney is so insistent he won't release his tax returns, they must contain something so damaging that he's better off taking heat for not releasing them. Green has a theory: Romney didn't pay any federal income tax in 2009.
Aug. 3 (Bloomberg) -- Bloomberg's Stephanie Ruhle, Tom Keene and Sheila Dharmarajan discuss Knight Capital Group Inc. opening its books to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss. They speak on Bloomberg Television's "Bloomberg Surveillance."
Warren Buffett’s Berkshire Hathaway Inc. is better positioned than rival property-casualty insurers to sidestep a decline in the value of fixed-income securities if interest rates rise, Moody’s Investors Service said.
Last week, the Federal Reserve’s quantitative easing was about to undergo some quantitative adjustment. At least that was the take-away from the minutes of the Jan. 29-30 meeting, suggesting that Fed policy makers were starting to view the costs of long-term asset purchases as outweighing the benefits.