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Paying taxes

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Happy Tax Freedom Day
June 10 has been declared Tax Freedom Day by the Fraser Institute. Here's an infographic that documents how much people pay in taxes.

And you thought bonds were supposed to be safe
BBC News provides this concise explanation of why investors should care about the big recent decline in the U.S. bond market.

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A case is made here that the setback for the bond market last month was a preview of what's coming as interest rates make a sustained move higher.

Some thoughts on how things may not be as bad as some think for bonds.

The same forces driving bonds lower also hurt the price of low volatility exchange-traded funds, which have been marketed as a way of getting exposure to the stock market with less severe ups and downs.

More money
Join the 29,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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