Although I doubt whether the parties should be taken to have had in mind the definition of “customer” to be found in section 219 of the WIA, the fact remains that an agent would not generally be termed a “customer”; viii) Mr Bourne (for Southwark) noted that an unconventional meaning can be attributed to a word in a contract if the parties habitually used the word in that sense. [read post]

Four Tax Regimes for Saving and Investment   Tax on Principal No Tax on Principal Tax on Returns Ordinary Savings Accounts Stocks Bonds Traditional IRAs and 401(k)s Defined Benefit Pensions No Tax on Returns Roth IRAs Tax-exempt Bonds Owner-occupied Homes (below exempt gains thresholds) 529 Plans Labor Component of DIY Home Improvements Health Savings Accounts Employer-provided Health Insurance In addition to personal income taxes on the principal and return, corporate income taxes… [read post]