tax policy

Merry Christmas - To the Wealthy, Love Congress & Obama

Now that the tax bill has passed, here come the additional Xmas gifts no one heard of.

Bloomberg outlines another gift to the rich, this time in the form of Roth IRAs.

The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. 31.