Money Talks Radio Show Page
 
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show hosts: may 11th
     

Dr. Gene Henssler

Ted Parrish, CFA

Bil Lako, CFP®
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Sundays from
9 to 11 a.m. on

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show data

Tip of the Week: Trading Curbs and Halts

If the Dow Jones Industrial Average were to plummet 30% in a day, the New York Stock Exchange would implement a trading halt so that investors could step back and evaluate what news is moving the market. For more on trading halts and their trigger points, read this week's Financial Tip.

Featured Company: Fortune Brands, Inc.

If you have Master Locks on your doors, Moen faucets in your bathrooms, Jim Beam in your liquor cabinet and Titlest balls in your golf bag, you're well versed in the household brand names that make up Fortune Brands. This consumer discretionary company filed nearly 600 patent applications in 2007 for their creations. For more on Fortune Brands, read this week's Featured Company.

C.P.A. Insight: To Amend or Not to Amend

You filed your tax return, but you found an income statement you forgot to include. Your situation need not be a nightmare. You simply need to file a 1040x, Amended U.S. Individual Income Tax Return. This form will allow you to amend your both your income and deductions. For more information on when to file an amended return, read this week's C.P.A. Insight.

Tax Tip: Tax Freedom Day

Tax Freedom Day will arrive on April 23rd this year, the 113th day of 2008 (ignoring Leap Day). That means Americans will work nearly four months of the year before they have earned enough money to pay this year's tax obligations at the federal, state and local levels.

Americans will work longer to pay for government (113 days) than they will for food, clothing and housing combined (108 days). In fact, Americans will work longer to afford federal taxes alone (74 days) than they will to afford housing (60 days). As a group, Americans will also work longer to pay state and local taxes than they will pay for food.

- Gerald Prante, Senior Economist and Scott Hodge, President, Tax Foundation
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Last Recorded Show: May 11th

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