Personal Finance Blog By MoneyRates - The Best CD Rates
"Health Help" Tax Could Take a Bite Out of Higher CD Rates
April 8, 2010
Savings investors who are patiently awaiting the time of higher CD rates got a bit of bad news last month: The new health reform plan includes an extra 3.8 percent tax on "unearned income" for individuals and couples making more than $200,000 in total income for the year. This new tax is intended to shore up the [...]
Bank Interest and Income Tax Rates
March 11, 2010
This tax season, many conservative investors are reaping at least a small reward from low interest rates on CDs, money market accounts, and savings accounts: With interest rates so low, the income tax on that interest income may be dramatically lower. For people who are in high tax brackets, the difference in tax because of low [...]
