Reuters Money: Buffett rule fails Senate vote in tax fight

Click to View in Browser 04/17/2012 Buffett rule fails Senate vote in tax fight WASHINGTON (Reuters) - Senate Republicans on Monday blocked President Barack Obama's "Buffett Rule" legislation, which would have put a 30-percent minimum tax on millionaires, in a debate that is likely to resonate through the November general election. How tax pros handle their own taxes CHICAGO (Reuters) - Do accountants do a better job of filing their own taxes? At tax time, gold ETFs punish investors NEW YORK (Reuters) - Were you one of the many who were wooed by a gold exchange-traded fund (ETF) in 2011? Did another commodity ETF catch your eye (and your money)? Now that it's the season to calculate your capital gains and losses for tax purposes, you could be in for a major headache. And if you're thinking of loading up on these shares now, be aware that you could be buying yourself that tax headache for a future tax season. What's on your investing bucket list? CHICAGO (Reuters) - Got travel or mountain climbing on your bucket list? How about taking up the guitar? If you really want to live life to the fullest in your remaining days, then what you should also add to those goals is a list of your investment priorities and adjusting your risk accordingly. Q+A: The "Buffett Rule," a minimum tax on the rich WASHINGTON (Reuters) - President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed "Buffett Rule," which would slap a minimum tax on the highest-income Americans. Prime brokerages consolidate after "big bang" NEW YORK (Reuters) - Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open. Six percent of UK's wealthiest pay less than 10 percent tax: data LONDON (Reuters) - Some six percent of Britain's wealthiest people used tax reliefs to reduce their tax bills to less than 10 percent, according to data published by Britain's finance ministry on Monday, which it said highlighted the need to make the tax system fairer. Virginia revenues continue gains in March (Reuters) - The revenues of U.S. state Virginia continue to surpass expectations, with sales and corporate income taxes providing a significant boost in March, the state treasurer said on Monday. When your car doesn't get the mileage you expect (Reuters) - If you're a motorist expecting to get 35 miles per gallon on your new car and you end up only getting 20, the cost difference can add up. At the current national average of $3.94 per gallon of regular unleaded gas, it would cost those with a lower-performing car an extra $1,266 after driving it 15,000 miles, the average distance that Americans travel over the course of a year. Obama calls on Romney to release tax returns: Univision WASHINGTON (Reuters) - President Barack Obama called on likely Republican presidential nominee Mitt Romney to release more of his tax returns, in an interview with Univision released on Saturday. Related Video Fun ways to make tax refunds count Consumers seek frugal upgrades to their homes Business News Higher open ahead, supported by earnings World growth improves slightly but still very fragile: IMF The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend