By understanding, identifying, and mitigating the common problems inherent in the decision-making process, we can make better choices and gain greater confidence.
When making important decisions, such as whether to make an investment, how to deal with certain income taxes properly, whether to move, what do to about a new or current job, or how to respond to sharp declines in financial markets (or sharp appreciation), a common process goes as follows:
Common Decision-Making Process Read the rest of this entry »
A recent Supreme Court ruling provides potential tax savings for railroad employees. Wisconsin Central Ltd. v. United States holds that stock-based compensation provided to railroad employees is exempt from federal employment taxes. According to the 5-4 ruling, for employees of railroad companies such as Union Pacific and BNSF, stock option income is not considered money remuneration under the Railroad Retirement Act (RRTA) and, therefore, not subject to payroll taxes.