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Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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New Money Preferred


New Money Preferred - New Money Preferred is preferred stock, issued after October 1, 1942, when the tax exclusion for corporate investors receiving preferred stock dividends raised from sixty percent to eighty five percent to equal the exclusion on common stock dividends. The change benefited financial institutions, such as insurance companies, which are limited in the amount of common stocks they can hold, typically five percent of assets. New money preferred offer an opportunity to gain tax advantages to bond investments, which have fully taxable interest. The corporate tax exclusion on dividends is currently seventy percent. Certain tax breaks go out to corporate investors.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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