Home / Personal Finance / On Topic / Tax
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Monday, March 31, 2008
Taxes is FOXBusiness.com's On Topic for March, 2008
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Friday, March 28, 2008
For small business owners or for those thinking of starting a business, location can make all the difference.
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Wednesday, March 26, 2008
If you’ve never heard of the “jock tax”, it’s probably because traveling isn’t a major part of your job. But for the many athletes, entertainers and business consultants whose work takes them out of state, the tax is a fact of life. And a huge headache.
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Tuesday, March 25, 2008
Taxes are probably the last thing on the mind of someone going through a divorce. But maybe they shouldn't be. Here are some money-saving tax tips to consider if you're getting divorced.
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Monday, March 24, 2008
We surfed through the tax information and FAQs at IRS.gov to pick out the top 10 easiest deductions that may save you money.
Features
- Hang on to That Receipt! What to Save or Shred for Taxes
- Feeling Risky? Take a Look at These Daredevil Tax Deductions
- Last-Minute IRA Contributions Save Money on Taxes
- How to Keep the IRS From Knocking on Your Door
- Tax Law Changes Exempt Some From the Capital Gains Tax
- Three Strategies to Help Reduce the Capital Gains Tax
- Getting Rid of the AMT: No Easy Task
- When Choosing Your Tax Preparer it Pays to Do Your Homework
- Top 5 Web Sites for Tax Help
- Three Tips to Reduce the Burden of the Estate Tax
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No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.
