Page 41 - Tax Rules News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> yes it's not just a big tax bill or high tax rates, it's more than that. it's the complexity of complying with every changing tax rules. for example, suppose you're an american, you live overseas, you make money overseas, you work overseas, you must report to the irs every single year how much you made. if you're married, supposing you go overseas, and you marry a foreigner, you've still got to report all income every year to the united states treasury. megyn: and pay taxes on it. >> and pay taxes, and you must report any income of your spouse and any assets held by your spouse and children...

challenges and opportunities and why you need to know about india. how important india is to your economic future. christine. >> thanks, ali. health care reform is president obama's signature achievement. at the heart of the president's health care reform law is the individual mandate. the requirement that most americans either purchase health insurance or face a financial penalty. individual mandate designed to lower costs spreading them over a pool of individuals. after the supreme court arguments this week, it's pretty clear the individual mandate is in jeopardy. that could mean...

Avoid inheritance tax by giving it to kids while you're alive. we have these tax rules there. very never heard of anyway -- i have listened to tax planners and estate planners -- they will always say to you, there's that limit, and there's the lifetime limit of what you can do when those annual donations add up. i've never heard anyway around it, which is why all sorts of lawyers and tax planners are making a lot of money trying to explain to people how to comply with all of these rules, and now you're telling me there's five kids who somehow got 1$100 million with nobody paying any tax on tha...

And his sons who are getting about a million dollars a year in income they don't pay any taxes on that, because mom and dad pay the taxes for them. >> let me slow this down, i am already more than stunned by this. i want to dwell for a second on what we all think we're limited by, we all believe as you said, that we have this index -- the number changes a little bit over time, but it's now $13,000 that you can give -- a parent can give to one of their children without any taxation involved, that's how much you can give in one year. and the reason you can't give them $100 million in a year or a...

Your money where your mouth is and send in more but don't go change the tax rules to hurt all of our small business owners and families out there who are struggling during tough times. >> ok. what is the reaction to your buffet rule been? >> it's been really positive. you know, people like the idea because it's a very different approach than the president's. the president wants to go out and raise taxes more. send more money to washington when the problem in washington is that washington spends too much money. you don't solve that problem by sending washington more money to spend. >> sure. did...