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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> state taxes

Most and least friendly states for taxes

Posted by RJ and Makay on Apr 04, 2012

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TaxesThere is a lot to consider when judging the best and worst states for taxes, and for individuals it becomes a matter of what is applicable to their own specific circumstances.  The main considerations are taxes on income, property and consumption.  In other words, the total tax burden.  Some states are similar in these regards and some vary widely.  A closer look at the particulars reveals the differences.

TIAA-CREF to manage California’s 529 college plan

Posted by RJ and Makay on Jun 20, 2011

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California has chosen TIAA-CREF to manage its college savings plan that contains about $4 billion in assets. The ScholarShare Investment Board that oversees the state’s 529 program voted this past Monday to award the investment management firm a five-year contract. TIAA-CREF will replace current manager Fidelity Investments, whose contract expires in November.

Tax day is a matter of perspective

Posted by RJ and Makay on Apr 15, 2011

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Tax day is a matter of perspectiveIt's tax time again, the time of year a lot of us feel more than a little resentment about the chunk of our earnings Uncle Sam grabs for America's coffers. Of course, as with anything else, ranging attitudes about taxes is all a matter of perspective. Perspectives differ, especially between the half of the country paying income taxes and the half that virtually don’t.

According to the latest estimates from the Organization for Economic Cooperation and Development (OECD), a Paris consortium that tracks financial conditions in 34 nations, 24% of the U.S. economy as measured by gross domestic product (GDP) goes to taxes collected by all levels of government.