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Since the 1980s and 1990s, segmentation in global financial markets has been reduced. As a result of this, the correlation among securities markets has increased, thereby reducing, but not eliminating, the benefits of international portfolio diversification.
Borrower
An entity or individual that receives funds from another party with the agreement to return the principal amount along with interest.
Federal Income Tax
The tax levied by the national government on the annual income of individuals, corporations, trusts, and other legal entities.
Social Security Tax
A tax that funds the Social Security program, collected from both employers and employees.
Medicare Tax
A federal tax that funds Medicare, the U.S. government's health care program for seniors and certain individuals with disabilities, withheld from an employee's paycheck.
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