Buses will replace trains for 24 hours between Farmingdale and Ronkonkoma beginning at 12:45 a.m. on Sunday, March 8 through 12:45 a.m. on Monday, March 9 for a switch replacement project in Wyandanch as well as Sperry Rail Car inspection and related signal and track maintenance along the route.
Buffett says he's still paying lower tax rate than his secretary. Warren Buffett says despite a higher tax bill this year than in 2012, he'll likely still pay a lower rate than his secretary. Warren Buffett says even though he and other top earners are paying higher taxes this year, he thinks he's still paying a lower rate than his secretary. In 2013, capital gains for those earning more than $400,000 ($450,000 for couples) will be taxed at 20%, up from 15%.
Most REITS pay out at least 100 percent of their taxable income to their shareholders. The shareholders of a REIT are responsible for paying taxes on the dividends and any capital gains they receive in connection with their investment in the REIT. Dividends paid by REITs generally are treated as ordinary income and are not entitled to the reduced tax rates on other types of corporate dividends.