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10-03-2004 Headlines for: Taxes |  |
Tax Talk: Cost basis for a retirement fund
From: www.bankrate.com
"Don't worry about figuring the basis for a retirement account funded exclusively by deductible contributions, says our expert. All the money will be taxed when taken out."
Tax Talk: Tax liens on a dependent
From: www.bankrate.com
"Don't worry about your refund. Since it does not belong to your dependent, the IRS can't touch it to settle his debts."
Tax Talk: Is the home-sale exclusion safe?
From: www.bankrate.com
"Although every politician wants to make his or her own legislative mark, our expert says laws that give home sellers a nice tax break are probably safe."
SUVs and bonus depreciation
From: www.bankrate.com
"Additional depreciation for business property, including SUVs, applies only to new equipment (or vehicles)."
Tax Talk: Deduction limits on HELOC interest
From: www.bankrate.com
"Whether you can write off this interest depends on how much you borrow and what you use the money for."
Letters to the editor
From: NewsTrove.com
"Voice of the People
Applied Card suit angers employee
I have been with Applied Card Systems for four years. I work in collections and, for the record, treat each of my customers the way I want to be treated.
Anger has prompted me to write.
I am angry allegations that may or may not be true will cost me my job. I am angry that I, as an employee of Applied Card Systems, can be slandered publicly in the media. I am angry to be categorized as someone who would speak to "anyone" in a demeaning manner.
I am angry that I will no longer be able to support other local businesses who understand the economical ramifications our community faces."
DallasNews.com | News for Dallas, Texas | Scott Burns: Columns 2004
From: NewsTrove.com
"The Web site currently tells us $4.3 trillion of Treasury debt is
publicly held. About $3 trillion is held by different agencies of
government.
Another Web site maintained by the Treasury Department tells us that
$1.8 trillion of the $4.3 trillion of public debt is owned by foreigners.
The Social Security Trustees Report for 2004 tells us that nearly $1.4
trillion of the $3 trillion of intra-governmental debt is held in the
Social Security Trust Fund.
Treasury debt held by foreigners – which increased $237.2 billion
between January and July – causes some to worry."
Financial advisers offer free advice
From: NewsTrove.com
"They were at their banks withdrawing money from their IRAs. Someone there suggested that they not roll over the money into another CD but invest it elsewhere - typically in variable annuities.
Variable annuities are not "liquid" - you cannot get your money back easily. If you withdraw money, you may be socked with steep surrender charges. These annuities are also expensive. In short, they are poor choice for most older people.
"I've seen portfolios turn into train wrecks because of this inappropriate advice," Benedict said.
Next week, if you have financial questions, you may obtain prompt, expert answers."
KWSnet Weblog
From: NewsTrove.com
"he current issue of Forbes Magazine contains the publication's annual list of the wealthiest Americans, ranked by net worth. While one's first instinct might be to turn away in disgust from such a flaunting of individual wealth and greed, it is instructive to consider the figures, for they provide an important indication of the nature of American society.
According to Forbes, "The economy's recovery may be a little shaky, but you wouldn't know it from looking at this year's Forbes 400. The combined net worth of the nation's wealthiest climbed to $1 trillion, up $45 billion in 12 months."
County near bankruptcy
From: NewsTrove.com
"This coming election for county commissioner is very important to all Ashtabula County taxpayers. It is well known that the county commissioners, Robert Boggs and Debbie Newcomb, have brought this county into near bankruptcy.
The debt for Ashtabula County now exceeds $50 million. This amount was mostly for building the Geneva Lodge and paying for the water lines they took from Consumers Ohio Water Company. The building of the lodge in Geneva was done without competitive bidding. There were very few Ashtabula County contractors allowed to bid on this work."
A1 Bank Card Merchant Services
From: context4.kanoodle.com
"Ad - www.a1bankcard.com Oct 3 2004 9:29PM GMT"
Ministry auditors warned of dismissal over graft
From: c.moreover.com
"Daily Nation Oct 3 2004 9:29PM GMT"
Nasscom ropes in E&Y to spread Trust
From: c.moreover.com
"Financial Express Oct 3 2004 8:42PM GMT"
Jacuzzi Middle East to showcase new morphosis range at Big 5 2004
From: c.moreover.com
"AME Info Oct 3 2004 11:07AM GMT"
Pricewaterhouse takes over management of Agrani Bank
From: c.moreover.com
"KeralaNext.com Oct 3 2004 3:40AM GMT"
IMF failing to agree on debt plan
From: news.bbc.co.uk
"The International Monetary Fund appears to be unable to agree on a debt relief plan for the world's poorest nations."
Crude oil futures at $50 a barrel
From: news.bbc.co.uk
"The price of crude oil ends above $50 a barrel for the first time in 21 years of trade on New York's Nymex exchange."
G24 demand for greater IMF clout
From: news.bbc.co.uk
"The G24 group of developing nations demands a bigger say at the International Monetary Fund and World Bank."
China makes yuan pledge
From: news.bbc.co.uk
"China gives further indication it will drop the yuan currency's tight peg to the dollar, ahead of its attendance at G7 meetings."
US industrial output still rising
From: news.bbc.co.uk
"Industrial output in the US rose for a 16th straight month in September, ahead of analysts' forecasts."
Interest Rate Roundup
From: www.bankrate.com
"Check out the latest interest rate trends and national averages on the five most common consumer banking products."
Financing post-disaster home repairs
From: www.bankrate.com
"Hurricane season packed a mean punch on millions of family homes. Before tapping your home's equity to finance repairs, find out which type of loan will work best for you."
Eliminate debt fast
From: www.bankrate.com
"Organize, prioritize and vaporize your debts with our step-by-step guide for paying down debt."
Confused by home equity? You're not alone
From: www.bankrate.com
"But tapping the equity in your home is not as complicated or expensive as getting a mortgage."
Interest Rate Roundup
From: www.bankrate.com
"Check out the latest interest rate trends and national averages on the five most common consumer banking products."
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