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  2. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

  3. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    Retirement savings contribution credit: a nonrefundable credit of up to 50% for up to $2000 of contributions to qualified retirement savings plans, such as IRAs (including the Roth, SEP and IRA), 401(k)/403(b)/457 plans and the Thrift Savings Plan; phased out starting (for the 2014 tax year) at incomes above $18,000 for single returns, $27,000 ...

  4. Retirement - Wikipedia

    en.wikipedia.org/wiki/Retirement

    Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are old or incapable of doing their job due to health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when ...

  5. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    For example, if a sole proprietor has $50,000 net profit from self-employment on Schedule C, then the "1/2 of self-employment tax credit", $3,532, shown on adjustments to income at the bottom of form 1040, will be deducted from the net profit. The result is then multiplied by 20% to arrive at the maximum SEP deduction, $9,293.

  6. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Alternative minimum tax calculation. Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax ...

  7. 2009 L'Aquila earthquake - Wikipedia

    en.wikipedia.org/wiki/2009_L'Aquila_earthquake

    The 2009 L'Aquila earthquake occurred in the region of Abruzzo, in central Italy.The main shock occurred at 03:32 CEST (01:32 UTC) on 6 April 2009, and was rated 5.8 or 5.9 on the Richter magnitude scale and 6.3 on the moment magnitude scale; its epicentre was near L'Aquila, the capital of Abruzzo, which together with surrounding villages suffered the most damage.

  8. Teacher Retirement System of Texas - Wikipedia

    en.wikipedia.org/wiki/Teacher_Retirement_System...

    Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.

  9. United States federal budget - Wikipedia

    en.wikipedia.org/wiki/United_States_federal_budget

    Recessions typically reduce government tax collections as economic activity slows. For example, tax revenues declined from $2.5 trillion in 2008 to $2.1 trillion in 2009, and remained at that level in 2010. From 2008 to 2009, individual income taxes declined 20%, while corporate taxes declined 50%.