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10-13-2004 Headlines for: Taxes |  |
Tax Talk: Deducting a hot tub
From: www.bankrate.com
"You may be able to enjoy a nice whirlpool and know that the IRS helped cover the cost, if the treatment is medically necessary."
Donating your jalopy just got tougher
From: www.bankrate.com
"Your can still get a tax break for donating your old beater to charity, but new rules will make the deduction tougher to claim and possibly smaller."
'Hummer tax break' hammered
From: www.bankrate.com
"If your business auto is a sport utility vehicle, you can write off most of its cost -- but new tax rules sharply limit the deduction."
Tax Talk: Tax ID for an estate
From: www.bankrate.com
"The income that estate assets produce following a person's death must be reported on a separate tax return and require a separate tax ID number."
Tax law changes offer breaks, burdens
From: www.bankrate.com
"Among the changes in the just-passed corporate tax bill are some provisions that could help, and hurt, individual consumers: a deduction for sales taxes paid, stiffer rules on donating cars to charities and a cut in the popular SUV write-off."
Seattle Weekly News Story
From: NewsTrove.com
"The sales tax in Washington state is widely believed to be its most regressive tax, with a disproportionate burden falling on the poor [Mossback, "Taxing Times," Oct. 6]. This is actually wrong.
Major exemptions in sales tax provide some relief to the working poor and to working-class households because their major expenses-housing, food, medical care, transportation, utilities, and day care-are not subject to sales tax.
Yet everyone "knows" sales taxes take a disproportionately higher share of income from the poor. The reason for this perception is that the U.S."
New Castle Life
From: NewsTrove.com
"Several city property taxpayers who spoke to the New Castle School Board Monday night made it clear that they don't want to pay higher taxes for extensive renovation of the city's elementary school buildings.
A standing-room-only crowd of about 70 people - most of whom were at the meeting for the elementary school issue - spilled out of the board meeting room and into the office area at the Community Education Center.
A 24-member task
force has been studying whether to recommend keeping all seven elementary schools open, or closing one or two of them.
The task force also has been reviewing whether a $1."
Corporate Taxes
From: NewsTrove.com
"Corporate Taxes
Senate has passed a 136 (b) billion-dollar corporate tax package.
The bill approved by a 69-to-37 vote cuts taxes for businesses ranging from film companies to bow-and-arrow makers. It also closes tax loopholes and brings U-S exporters in line with international trade rules.
It took two years to pass the measure. President Bush is expected to sign it.
Backers, including Montana Senator Max Baucus predict it will help create jobs.
Opponents like Louisiana's Mary Landrieu and Edward Kennedy of Massachusetts had threatened a filibuster."
Pueblo, Peters' Casino Plans Panned
From: NewsTrove.com
"LAS CRUCES - A proposed off-reservation casino in Anthony would cost Do a Ana County up to $1.7 million a year in lost gross-receipts taxes and generate few, if any, jobs, according to an economic study released Tuesday by casino opponents.
Casino backers - Jemez Pueblo and Santa Fe art dealer Jerry Peters - say the project would be an economic boon to southern New Mexico.
A report released Sept. 28 by casino promoters said the project, envisioned for a 110-acre site about 20 miles north of El Paso off Interstate 10, eventually would create about 1,000 jobs with an annual payroll of about $28 million.
The casino would attract about 2."
Elusive numbers
From: NewsTrove.com
"issue :
Sen. John Kerry's plan to roll back Bush tax cuts on individuals making $200,000 or more a year to pay for health-care and other programs.
Bush
says
that would cause 900,000 small businesses to pay more in taxes because they file individual income taxes. That would hurt job growth and the economy, Bush says.
Kerry
says
that is an inflated number of all taxpayers who claim business income on their personal taxes, including those who do not have employees. He said that includes Bush, who claimed $84 in business income in 2001 from an oil and gas company that later got into the timber business."
Current Mortgage Rates Nationwide
From: context4.kanoodle.com
"Ad - www.compareinterestrates.com Oct 13 2004 10:39PM GMT"
FASB delays options expensing rule
From: c.moreover.com
"CBS MarketWatch Oct 13 2004 10:39PM GMT"
FASB delays options expensing rule
From: c.moreover.com
"CBS Marketwatch Oct 13 2004 9:07PM GMT"
UPDATE 2-FASB delays options expensing rule by 6 months
From: c.moreover.com
"Reuters Oct 13 2004 8:41PM GMT"
Afghan Vote Auditors Expect to Finish by Tonight
From: c.moreover.com
"New York Times Oct 13 2004 8:41PM GMT"
Nordic nations 'most competitive'
From: news.bbc.co.uk
"Nordic countries are leading the way in global economic competitiveness, with Finland topping the World Economic Forum's latest rankings."
Copper plunges from 15-year highs
From: news.bbc.co.uk
"Copper prices stage a dramatic fall on both sides of the Atlantic amid fears of falling demand from key markets in China and the US."
US to fight Nafta lumber ruling
From: news.bbc.co.uk
"The US says it will take the unusual step challenging Nafta findings that Canadian wood imports pose not threat to the US lumber industry."
Iraq urges donors to release cash
From: news.bbc.co.uk
"Iraq's deputy PM asks nations meeting in Tokyo to fulfil pledges of aid, saying it is key to "beating terrorism"."
Oil set to top Russia-China talks
From: news.bbc.co.uk
"Russia's president says Moscow's interests come first as he starts his China visit to discuss key oil projects."
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."
How to hire a contractor
From: www.bankrate.com
"Remodeling or repairing your home is not something you do every day. Here's how to be selective when choosing a contractor."
Debt through history
From: www.bankrate.com
"Columbus set sail because Spain was desperate for new resources to help her pay off her debts. The explorer is just one example of how debt has influenced world events."
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."
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