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US Supreme Court Upholds Health-Care Overhaul. What Does It Mean For You? Taxes!!!Posted on July 10, 2012President Obama’s federal health care law requires almost everyone to be insured and ensures coverage be made available to those if they are already ill or need expensive care. The ruling clears the way for a large restructuring of the health care system and affects virtually every American. How will health care reform be paid? It will be financed in large part by tax increases on the “wealthy”. Here is a look at some of the tax provisions in the health care law and some things to think about with respect to tax planning: 2012 Second Quarter Market UpdatePosted on July 10, 2012Stock market returns were looking pretty dismal coming into the final few trading days of the second quarter; but, the European Union Summit, the 19th such meeting in the past three years, provided some early 4th of July fireworks. The last trading day of the quarter saw domestic large capitalization stocks (S&P 500) rise 2.5%, domestic small-cap stocks increase 2.9%, emerging market stocks advance 3.4%, and developed international stocks surge 3.6%. Overall, the last trading day of the quarter saw global equity markets up 3.1%, and global bond markets up more than 0.5%. 2012 Mid-Year Global OutlookPosted on July 10, 2012U.S. Overview Economy |
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