to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
One of the reasons the U.S. federal tax code is so freaking large and complicated is that it has often been revised and extended for the sake of attempting to achieve public policy goals through positive and negative incentives. "Desired" behavior is often rewarded through tax credits. Meanwhile, "undesired" behaviors are punished by exposing individual tax payers to higher tax rates than would otherwise be needed, largely to subsidize the tax breaks that the "lucky" few are receiving.
That, in a nutshell, is the system we've got. The questions now become: "How can we cash in on stuff like this?" and "How much cash are we talking about?"
If you're one of the "lucky few" who have kids under the age of 14, you might consider taking advantage of the incentive our hard-working federal tax code writers have provided to reward you for setting up investment income accounts for your children. Here's how it works:
That's pretty much it, although there's a bit of paperwork to be able to realize the tax advantage. The following tool we've created below estimates the amount of the tax break you might realize from exploiting this option by comparing it to what you would otherwise have to pay out of your pocket if you had invested it yourself and had to pay the full tax on the unearned income. Credit for the idea behind this tool belongs to the Early Riser, who first described how the credit works in 2005 and recently updated the information for 2006. The tool below uses the revised data for 2006 to calculate the tax savings, but your tax data for 2005 to estimate the parent's marginal tax rate:
You will need to repeat this exercise for each of your children who qualify for this particular tax savings technique. Those with more children get more tax savings.
And yes, it does occur to me that this particularly tax credit is set up to benefit the proverbial "trust-fund" baby (whose parents, after all, have the money to lobby the U.S. Congress to write things like this into the tax code.) But, as long as it's there, there's no reason that otherwise unassuming middle-class folk can't exploit this particular legal tax-avoidance scheme too....
Labels: investing, taxes, tool
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Closing values for previous trading day.
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