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10-20-2004 Headlines for: Taxes |  |
Tax Talk: Taxes and unspent insurance money
From: www.bankrate.com
"If you didn't use your full insurance settlement to make repairs, don't worry. You won't be taxed on that unspent amount. But you will have to take it into account if you file a casualty loss on your return."
Capital gains and your home sale
From: www.bankrate.com
"Too many people worry that they will have to pay Uncle Sam when they sell their homes. But since the rules changed in 1997, it has been one of the best tax breaks around."
Don't try to hide your home-sale profit
From: www.bankrate.com
"In a hot real estate market, you might be able to pocket more than the tax exclusion allows. But it's not a good idea to try to keep that gain from Uncle Sam."
Tax Talk: Oprah's gift produces taxes
From: www.bankrate.com
"Even though the talk show diva's fans didn't expect to get new cars, our tax expert says each audience member gets a tax bill in addition to a vehicle."
What your charitable style says about you
From: www.bankrate.com
"Just how do you approach donating to good causes? Our quiz can give you an idea of what your giving style says about your outlook on life and money."
Business 2.0 :: Magazine Article :: In Front :: The Balanced-Budget Fallacy
From: NewsTrove.com
"All campaign season, both President Bush and John Kerry have pledged to cut the federal budget deficit in half. That promise may sound impressive, but at the state level it likely has prompted a few guffaws. Because while the federal government is free to rack up deficits, nearly all of the states are legally bound to adhere to strict balanced budgets.
But is that really a good idea? Only two states, Indiana and Vermont, let the governor and the legislature get away with not balancing the books. In the other 48, the state government can propose to spend only what it expects to collect in taxes."
452 -- The Flat Tax in Russia and the New Europe
From: NewsTrove.com
"On January 1, 2001, a 13 percent flat tax on personal income took effect in Russia. It replaced a three-tiered system with a 30 percent top rate on taxable income exceeding $5,000. The old system was complicated, and because of the high rates evasion was widespread. It also produced little revenue. The new flat tax has achieved greater compliance due to its simplicity and low rate. It is producing far more revenue than the former system.
Other nations that have adopted a flat tax, mostly former Soviet satellites, are having similar success."
451 -- Corporate Taxes
From: NewsTrove.com
"U.S. corporate income taxes are among the highest in the world and - unlike most developed countries - the United States imposes them on income earned by corporate subsidiaries in foreign countries. In recent years, an increasing number of American companies have reincorporated abroad to avoid these U.S. taxes. Their actions have been under fire. Many people, including members of Congress, are under the impression that jobs and factories are moving abroad, when in fact corporations are only moving their legal residence for tax purposes - a purely paper transaction."
445 -- Marriage Penalty Relief in the New Tax Law
From: NewsTrove.com
"Some things never seem to die. The marriage penalty is one of them. The new tax law benefits most married couples somewhat, but it does not eliminate the so-called marriage penalty for lower- and upper-income couples. Even more important, the new law does not address other tax rules that financially penalize married couples and two-income couples
A marriage penalty results when a married couple pays more income taxes than they would if they remained single. A marriage bonus results when a married couple pays less tax than they would if they remained single.
Origin of Marriage Penalties and Bonuses."
431 -- The IRS vs. Foreign Investment
From: NewsTrove.com
"Foreigners have invested more than $1 trillion in capital in the United States since 1984, when Congress and the Reagan administration established a policy of not taxing interest they earn on U.S. bank deposits. This influx of capital will be jeopardized if a proposed Internal Revenue Service rule is implemented. The regulation (133254-02) would require banks to report interest paid to nonresident aliens, although their deposits are not subject to U.S. taxes. This would harm America's economy and undermine the competitiveness of U.S. financial institutions."
ADV:TimingCube: Up 900% Since 2000 - 4 Trades a Year
From: context4.kanoodle.com
"Ad - www.timingcube.com Oct 20 2004 6:52AM GMT"
Auditor rotation threatens quality of accounts-study
From: c.moreover.com
"Reuters Oct 20 2004 6:52AM GMT"
Sage Says Full-Year Pretax Profit Increases 20 Percent on Acquisitions
From: c.moreover.com
"Bloomberg Oct 20 2004 6:22AM GMT"
CBay Systems, Ltd. Listed 113th on the Deloitte Technology Fast 500 Honoring North America's 500 Fastest Growi
From: c.moreover.com
"Investors Business Daily Oct 20 2004 4:23AM GMT"
FASB Urged to Test Stock Options
From: c.moreover.com
"SmartPros Oct 20 2004 2:37AM GMT"
UK gas prices 'pushed up by oil'
From: news.bbc.co.uk
"Gas prices in the UK are likely to remain high for at least another three years, a report predicts, due to record oil prices and supply shortages."
UK's pay gap 'wider than thought'
From: news.bbc.co.uk
"The gap between the pay of UK women and men is bigger than previously thought, a report says."
Ivory Coast cocoa exports blocked
From: news.bbc.co.uk
"Ivory Coast stops exporting cocoa as farmers strike over prices."
Iraq 'set for 50% growth' in 2004
From: news.bbc.co.uk
"Iraq's economy is set to grow by more than half in 2004 but security challenges remain fierce, the International Monetary Fund says."
South America blocs in trade deal
From: news.bbc.co.uk
"Mercosur and the Andean Community countries finally agree a trade deal."
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."
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."
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