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Father’s Day vs. Mother’s Day and Tech-Savvy Daddy

Father’s Day vs. Mother’s Day and Tech-Savvy Daddy

Father’s Day is right around the corner and although Mother’s Day wins in the battle of the splurge (sorry dad), Father’s Day spending is closing the gap. In addition, in the battle of the techie, dads reign supreme over moms when it comes to receiving the hottest new electronic gadgets as Father’s Day gifts. Check out our infographic that compares Father’s Day vs. Mother’s Day spending, shows why dad is more tech-savvy, and how much more we are spending on electronic gadgets dads love. Full story

25 Million Additional Taxpayers May Face the Dreaded AMT

25 Million Additional Taxpayers May Face the Dreaded AMT

In 1969 when the Alternative Minimum Tax was first implemented, it guaranteed that millionaires and high-income individuals who paid little to no income tax would have to pay a minimum amount of taxes. Over the years the number of individuals who fell into this category has grown, along with the total revenue. Different measures have been taken through the years, such as The Tax Reform Act of 1986 which eliminated the partial exclusion of capital gains, reducing overall revenue at the time, but helping individual taxpayers. With 2011 on the horizon, the potential number of additional AMT taxpayers will increase to 25 million, if the current legislation is not extended. The question is, should you fear the AMT? Full story