September 21 2010 12:25 AM ET
Bank of America
Bank of America is proud to be a leader in supporting the LGBT community through progressive workplace practices and initiatives, as well as through partnerships with groups that serve the LG
September 21 2010 12:20 AM ET
Intel
IGLOBE (the Intel Gay, Lesbian, Bisexual or Transgender Employees) is an Intel-chartered Employee Group that exists to provide a forum for Intel employees in affirmation of Intel’s commitment
September 21 2010 12:00 AM ET
Best Companies of 2010: The Case For a Raise
It’s no longer enough for many gay consumers that the businesses they work for (or buy from) have a perfect record in their support of gay employees and customers. Target Corp., for example, has a rating of 100 in the most recent Human Rights Campaign Corporate Equality Index, an annual report evaluating how some of the nation’s largest companies treat their LGBT employees. But when news broke this summer that the company had donated $150,000 to a political action committee that supported an antigay Minnesota gubernatorial candidate, Target faced Facebook-organized boycotts and protests nationwide.News of that Target donation is not only forcing gay activists, like those at HRC, to rethink how they evaluate a company’s gay-friendliness, it’s coming at the same time some other corporations are rethinking what it really means to be pro-gay. A growing number of these companies are coming to the same conclusion as gay people themselves: It’s not enough just to make the grade. So these equality-minded corporations are coming up with new envelope-pushing strategies to support their gay employees and, in turn, make themselves more attractive to gay consumers.One of the emerging tactics is simple: equal pay for equal work. It’s not exactly a revolutionary concept, yet it is not a reality, even today. Women’s and minority rights advocacy groups have fought against income disparity for decades. But look past the biggest LGBT news headlines of the year and you’ll find that equal pay is becoming a mantra for many gay workers and their employers. Progressive entities from Google to the Gates Foundation aren’t waiting for Congress to remedy the antigay discrimination that may be costing you thousands of dollars a year.The problem stems from Internal Revenue Service regulations that have long exempted married heterosexual employees from paying federal tax on health care benefits for their spouses and dependents. But because the federal government doesn’t recognize same-sex relationships, gay employees are taxed on what’s called “fair market value” of any coverage extended to their partners or spouses. In other words, even if you work for a gay-friendly Fortune 500 company with a 100 rating on the HRC Corporate Equality Index, Uncle Sam is going to take a bigger bite out of your paycheck than your straight coworker’s. And the hit is not insignificant. According to a 2007 report by the Williams Institute, a sexual orientation law and policy research center at the University of California, Los Angeles, gay workers who cover their partners’ health benefits pay an average of $1,069 more in income and payroll taxes than employees with opposite-sex spouses. Even same-sex couples living in states such as Wisconsin and Maine, which have some form of legal recognition for committed gay relationships, are liable for additional state taxes. Generally, states with marriage equality exempt married gay couples from additional tax, though some, such as Vermont, have yet to update their tax codes to reflect state law.A bill to end the unfair federal tax for gay couples was passed by the House earlier this year but failed to make it into the health care reform measure passed by Congress in March (the bill is still being considered, although its fate is anything but clear). Outcry after Capitol Hill tossed aside the tax inequity issue failed to gain much traction among gay activists and watchdog groups in the face of other hot-button gay issues this year, namely the fight over repeal of the “don’t ask, don’t tell” policy and the challenge to California’s Proposition 8. “Tax issues are a topic that defies easy explanation and rationale,” explains Bob Witeck, an LGBT marketing consultant and partner in Witeck-Combs Communications.
September 20 2010 6:10 AM ET
The Four Documents Every Gay Couple Needs
Learn to navigate the particulars of cohabitation and its financial legalities.
September 07 2010 9:15 AM ET
IRA Savings Plans
Choosing between a traditional and Roth: Yet another vehicle to save for your retirement years, Individual Retirement Accounts function much like 401(k) plans, but you set them up yourself. There’s an important choice to make, though—between a traditional or Roth account. We’ll explore which is right for you.
August 23 2010 6:20 AM ET
401(k) Savings Plans
These plans sound so official and dull, but if you’re working for an employer who offers this retirement savings vehicle, and you’re not taking advantage of it, you’re leaving money on the table. And if your employer offers matching funds, as many do, you definitely don’t want to lose out. This episode describes 401(k) essentials.
August 09 2010 10:40 AM ET
What to Do if You Get Laid Off
Times are tough and unemployment is at a 30-year high. What’s your plan if the axe falls on you? Money Minute walks you through some key steps.
July 26 2010 1:00 PM ET
Creating a Savings Plan
Now that you’ve created a budget, you should be putting money away regularly. How much do you need for a rainy-day fund, and where should you stash your cash?
July 20 2010 5:00 AM ET
Managing Credit
Like most of us, you probably took on too much debt in the boom years. Now that the party's over the bill is due. In this episode we'll show you the best way to try to pay down those balances and get out of debt.
July 19 2010 5:20 PM ET
The New Annuity
A New Generation of Variable Annuities, Saving, Finding the Best Interest Rates
July 06 2010 10:00 AM ET
The Advocates: Full Disclosure
Avoid broker scams, truly free credit reports, lifestyle inflation
