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  • Realty Income Vs. Gazit-Globe: Cult Stock Challenge [View article]
    HighOnDividends:

    This is from Teva website:

    The Board of Directors, at its meeting on May 8, 2012, declared a cash dividend for the first quarter of 2012 of NIS 1.00 (approximately 26.3 cents according to the rate of exchange on May 8, 2012) per share.
    The record date will be May 21, 2012, and the payment date will be June 1, 2012. Tax will be withheld at a rate of 25%.
    Jan 19 11:08 PM | Likes Like |Link to Comment
  • Realty Income Vs. Gazit-Globe: Cult Stock Challenge [View article]
    EFFECTIVE JANUARY 1, 1995

    An Income Tax Treaty is a bilateral agreement between two Contracting States (in this case the U.S. and Israel), whereby each State commits to modify its own tax laws in order to achieve reciprocal benefits. The primary objective of a tax treaty is the elimination or reduction of the impact of double taxation (generally, via a foreign tax credit or reduced withholding taxes). Contrary to popular belief, an income tax treaty usually benefits the residents and citizens of the Contracting States.

    Determination of Residency - Article 3: In a situation where there is dual residency in both the U.S. and Israel, a tiebreaker formula applies as follows: Contracting State in which a permanent home is maintained; If a permanent home exists in both Contracting States or in neither Contracting State, the Contracting State in which the personal and economic interests are closer; Habitual abode; If an habitual abode exists in both Contracting States or in neither Contracting State, the Contracting State in which the individual is a citizen; If the individual is a citizen in both Contracting States or in neither Contracting State, the Contracting State shall settle the question of residency by mutual agreement.

    Social Security Benefits - Article 21: Under the Treaty, U.S. taxpayers are excluded from paying Israeli and U.S. income tax on U.S. Social Security payments. This provision is subject to change at any time by the U.S. government and supersedes the new Israeli Tax Reform Regulations. In addition, it is generally recommended for convenience purposes, that U.S. citizens who are living in Israel, first deposit their U.S. Social Security checks into a U.S. bank or investment brokerage account and then transfer funds to Israel at a later date, as needed.

    General Withholding Tax Provisions - Article 12 and 13: The withholding tax rates for interest (10% - 17.5%) and dividends (12.5% - 25%) pertain to the Contracting State in which the payor is a resident. In addition, certain income may be taxed by the Contracting State in which the recipient resides. However, foreign tax credits may generally offset the impact of double taxation.

    Capital Gains - Article 15: Capital Gains are generally taxable by the Contracting State of residence of the person realizing the gain. However, gains on real estate transactions may also be taxed in the Contracting State in which the real estate is situated. As noted, foreign tax credits may generally offset the potential of any double income taxation.

    Exchange of Information - Article 29: The Treaty indicates, in general, that the Contracting States shall exchange information as is pertinent to carrying out the provisions of the Treaty or in preventing fraud or fiscal evasion. Any information so exchanged shall be considered secret, and shall not be disclosed to any persons or authorities other than those concerned with the assessment, collection or administration of the taxes which are subject of the Treaty.
    Jan 19 12:48 AM | 2 Likes Like |Link to Comment
  • "Loving (the) mREIT (MORT -2%) pullback," says Tom Akin, who - in addition to being CEO of Dynex Capital (DX) - runs an income-focused hedge fund. A longtime bull on Newcastle Investment (NCT -0.5%), Akin says if it drops below $5 post the New Residential spinoff, it's the one to buy. In when-issued trading, NCT is at $5.10 (NRZ's at $6.67). [View news story]
    I think it will be more than 2 year before the Federal Reserve even considers raising rates. The Federal Reserve has purchased hundreds of millions of dollars of MBS and bonds. I don't know if they purchased them for less than par, but if they raise rates the value of their bonds will fall. At the very least that would reduce their profit. So it seems to me that they would have to stop buying bonds first, sell their bonds over time, and then start increasing rate. Any thoughts.
    May 3 06:05 PM | 1 Like Like |Link to Comment
  • “All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
    Can someone tell me how this is legal? Per the Constitution, each spending bill must originate in the House, not the Senate. Do we have a Constitution any more, or only when it is convenient?
    Dec 26 09:33 PM | 2 Likes Like |Link to Comment
  • “All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
    Same goes for our country.
    Dec 26 09:25 PM | 1 Like Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    Nice synopsis of the problem Johann Galt. Wake up people we are already over the “fiscal cliff”. This is not a taxing problem, this is a spending problem. You can raise revenue all you want but if you don’t get spending under control it won’t matter. Both sides cannot make the hard decisions needed to correct the problem. We always seem to be able to raise taxes right away, but always seem to get these 10 year budget cuts that never happen. They are not actual cuts, just cuts in the rate of spending growth. We are SPENDING TO MUCH. We are Greece light, only because we can print money and debase the currency. The “fiscal cliff” has already occurred; this is a “fiscal bump”.
    Dec 21 01:10 AM | 1 Like Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    They are not cuts in actual sending. They are cuts in the projected increase in spending. All they are doing is cutting the rate of the spending increase, not a cut.
    Dec 21 12:55 AM | 2 Likes Like |Link to Comment
  • The High-Yield Corporate Bond Conundrum [View article]
    Very nice article, lots of good information. Fidelity does offer a "Bank Loan" fund as categorized by Morningstar. It is called the Fidelity Advisor Floating Rate Hi Income fund (open ended mutual fund). The class A shares (FFRAX) carry a 2.75% front end load. The I class shares (FFRIX) are no-load ($2,500 / $500 IRA). Also the expense ratio is less for the I class (1% vs .75%).
    Oct 2 08:38 PM | 1 Like Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    Who is going to be the single payer? The Federal Goverment? Let's look at their track record: Medicare broke, Social Security broke, 1.5 trillion annual deficit and 100 trillion in unfunded liabilities. Yes that's who I want running my health care. Let's bring choice and competition into the healthcare system not a single payer system.
    Jul 7 12:08 AM | 4 Likes Like |Link to Comment
  • Austerity Backlash To Reverse Euro Gains [View article]
    This is a simple point but why is living within your means or trying to take steps to live within your means always called austerity. I would call it being fiscally responsible.
    Jun 10 11:19 PM | 2 Likes Like |Link to Comment
  • The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout.  [View news story]
    Mortgage value don't decline unless the underlying asset value (home prices) are falling. You can't have housing values increasing and mortgages falling, they are interconnected. I generally agree with you that the free market will find the correct level for asset values. The problem is this was a goverment created problem. The end result will be quick and painful with no goverment intervention or slow and some what less painful outcome. Both are not good.
    Jun 9 09:16 PM | 1 Like Like |Link to Comment
  • The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout.  [View news story]
    The banks are not the problem but a symptom. Some banks maybe poorly managed, but the problem is the bank’s assets are rapidly falling in value; housing prices (mortgages) and government issued bonds are declining in value. On top of that their maybe a liquidity squeeze and depositors pull their money out of the banking system. This will have a ripple effect through the banking system. The question is at what point does this sink the Eurozone? You can’t save every county in the Eurozone, there has to be a tipping point (Ireland, Greece, Spain, Portugal, Italy). This could be a very long and ugly fight within the Eurozone.
    Jun 9 06:58 PM | 4 Likes Like |Link to Comment
  • S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run, -0.3% to $1.2330. Hardest hit are the aussie, -0.7% to $0.9668, and Australian shares, -1%.  [View news story]
    Earning reports are like looking in the rear view mirror. It tells you what has happened not what is going to happen. There is clearly a global slow down coming, some of Europe already is in a recession, Asia is slowing, the America's are in a slow growth mode at the moment. Will have to see how this will effect our growth rate. Would not be a bad idea to get defensive on the Equity side of one's portfolio (blue chip companies, dividend payers, lower beta, and in some defensive sectors: consumer staples, health care, utilities. Will have to see what happens.
    Jun 1 01:15 AM | Likes Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    Same for the Democrats.
    May 5 06:54 PM | 2 Likes Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    mostserene1
    That surplus you are talking about was only for the fiscal year and was not really a surplus. Washington smoke and mirrors. Read this: http://bit.ly/wIEkyg. A staggering $5.3 trillion was added to the government’s tab last year, putting the overall figure at an astonishing $61.6 trillion. (USA Today)

    Medicare: $24.8 trillion
    Social Security: $21.4 trillion
    Federal debt: $9.4 trillion
    Military retirement/disability benefits: $3.6 trillion
    Federal employee retirement benefits: $2 trillion
    State, local government obligations: $5.2 trillion

    There was no surplus and we have 61.6 trillion in unfunded liabilities. What created this current mess were to federal agencies called Fannie Mae & Freddie Mac under Democratic Congressional over site (Barney Frank).
    May 5 10:38 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
58 Comments
161 Likes