Crowdfunding Capital for the 21st Century

Crowdfunding Capital for the 21st Century

One of the earliest examples of crowdfunding occurred in 1884 when funds ran short for building the Statue of Liberty’s pedestal. The publisher Joseph Pulitzer used his newspaper to appeal to Americans to donate the money needed to complete the pedestal’s construction. Over $100,000 in six months was raised from more than 125,000 people.

But it look the internet to truly put the wind in the sails of this unique form of fundraising. One study found $2.7 billion was raised in 2012 for more than one million initiatives – 81% increase from the previous year. The same study forecasted that $5.1 billion in global crowdfunding would be raised in 2013.

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A Brief History of Estate Taxes

A Brief History of Estate Taxes

Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded.

In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when property (land, homes) was transferred from one generation to the next. The revenue from these stamps was used to build the navy for an undeclared war with France, which had begun in 1794. When the crisis ended in 1802, the tax was repealed.

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Earnings for All Seasons

Earnings for All Seasons

While nature offers four seasons, Wall Street only one – four times a year. It’s called “earnings season” and it can move the markets. So what is earnings season and why is it important?

Earnings season is the month of the year that follows each calendar quarter-end month (January, April, July and October). 

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