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The stealth tax on retiree income
Business
Published in 4-3-2014
    948 Visits
When Social Security was created, one of the fundamental promises was that benefits would never be taxed. The taxation of Social Security benefits is entirely a tax on middle-class people who happen to be retirees. [...] let's see how a tax bill changes by comparing taxes for normal taxable income - such as pensions, retirement account distributions, and interest. According to the Social S ...>>
Stock market activity this week
Business
Published in 4-3-2014
    1528 Visits
Increased dividends Computer Task Grp .06 from .05 First Financial Nwst .05 from .04 Fortress Invest .08 from .06 Infinity Prop Cas .36 from .30 Ryman Hosp Prop .55 from .50 Scorpio Tankers .08 from .07 Melco Crown Entert ADS .3441 Suspended or omitted Dividend Equal Energy Ltd Declared stock splits Stock splits this week Annual earnings higher GAAP fully diluted Target Corp 3.07 vs ...>>
Business calendar
Business
Published in 4-3-2014
    1607 Visits
Women's Council of Realtors: "Building a Better Business 2014" event. 12:30 p.m., Admiral Room at Endeavour Marina. Four hours of training with business coach Jase Souder, followed by a happy hour and a hypnotist show. Worldwide Employee Benefits Network: Employer strategies for health care reform. Asian Chamber of Commerce: Betty Lo, vice president public affairs, Nielsen Co. Topic: H ...>>
Small-business Q&A: Do your homework before your first hire
Business
Published in 4-3-2014
    1697 Visits
First determine what type of employee would be the most beneficial. Do you need someone to help with the administrative tasks, someone to generate more sales, or someone to give you a hand with the work you do? Pay particular attention to cash flow. USA Today columnist and small-business expert Rhonda Abrams has published a "Hire Your First Employee" guide that you can download for free at http ...>>
Forbes list has 14 Houston billionaires
Business
Published in 4-3-2014
    1564 Visits

Forbes magazine's annual list of billionaires came out Monday with two new local names but missing a pair of perennials well known to Houstonians for decades. George Mitchell and Kenneth "Bud" Adams Jr., oilmen best known for their more public endeavours - Mitchell developed The Woodlands and Adams owned the Houston Oilers, a football team he eventually moved to Tennessee - were among 16 ...>>

Texas reports strong GDP growth
Economy
Published in 4-3-2014
    1640 Visits
While the energy industry contributed the most to economic growth in Texas, durable goods manufacturing - which includes the making of oil and gas field machinery - was also an important factor for the state. Sparsely populated North Dakota grew by 13.4 percent last year, led by energy exploration and production but also helped by strong growth in construction, wholesale trade and transportation ...>>
Tax issues sock personal incomes in U.S., Texas
Economy
Published in 4-3-2014
    987 Visits
Personal income dropped 1.2 percent nationwide during the first quarter which ended March 31 -and dipped 0.9 percent in Texas during that same period - largely because of a couple of unusual tax-related circumstances, the U.S. Bureau of Economic Analysis reported Friday. The holiday - in which employees saw their portion of Social Security taxes cut from 6.2 percent to 4.2 percent during 2011 and ...>>
Clothing and fuel send local price index higher
Economy
Published in 4-3-2014
    1755 Visits
Area residents paid more for clothing, gasoline and college tuition and fees during the two-month period, the bureau reported. "Clothing prices are extremely seasonal, to say the least," said Cheryl Abbot, regional economist with the bureau in Dallas, referring to the 4.9 percent rise between July and August. The increase reflects higher prices for housing, electricity, natural gas and restauran ...>>
Job growth decent for 2014
Economy
Published in 4-3-2014
    1911 Visits
The Houston area is expected to create 65,000 new jobs next year, said Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston. That represents a year-over-year gain of 2.2 percent. Gilmer, who made his remarks at an annual economic forecasting luncheon Thursday that was attended by more than 800 business leaders, also predicted that the Houston area will end u ...>>
Experts: Nation's economy getting stronger
Economy
Published in 4-3-2014
    1428 Visits

The nation's economic recovery, slow and uneven since the end of the Great Recession, is starting to pick up steam, two economists told the business forecast luncheon Wednesday sponsored by the MIT Enterprise Forum in Houston. Papanyan predicts that business spending will increase in part because some of the uncertainty swirling around the economy was removed when Congress gave its stamp ...>>

More camera time coming for Howard
Sports
Published in 4-3-2014
    1106 Visits
Rockets center Dwight Howard is putting his stamp on Houston off the basketball court with a new television program, “The Dwight Howard Show”, which will premiere on CSN following the Miami game on Tuesday. In the first installment, Howard interviews hip-hop artist Nelly and takes fans behind the scenes at All-Star weekend. The show was Howard’s idea and he has had a hand in every st ...>>
Dynamo/Dash report: Orange gives way to white
Sports
Published in 4-3-2014
    1670 Visits
The Dynamo kicked off their weeklong march to Saturday night's MLS opener at home against the New England Revolution by unveiling their new secondary uniform, which is predominantly white. The shirt, which has a V neck, features the Dynamo crest on the left breast, light blue and orange on the neckline, the U.S. flag on the left sleeve and the Texas flag on the left side at the bottom of the ...>>
Scouting report: vs. Miami
Sports
Published in 4-3-2014
    1663 Visits
Three things to watch in Tuesday night’s game: 1. Strength vs. strength: The Rockets have ranked among the league’s best teams throughout the season at forcing opponents to miss, limiting opponents to 43.7 percent shooting, fifth-best in the league despite all the easy baskets their offense gives away with turnovers. But the Heat have been by far the league’s toughest team to stop, making 51 ...>>
LeBron James makes history in Heat win against Bobcats
Sports
Published in 4-3-2014
    899 Visits
By Tim Reynolds The Associated Press MIAMI An hour after what he called the best regular-season game he’s ever played, LeBron James simply explained why this performance was like none other. The basketball, he said, felt small as a golf ball. The basket, to him, looked as wide as the ocean. Best player in the game. Best game of his career. James rewrote his record book Monday night, etched ...>>


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