| Jun 11, 2012
| 11:31 AM
WASHINGTON (AP) — Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts is scheduled to expire unless Congress acts.
It would be, GOP leaders in...
| Oct 15, 2012
| 4:42 PM
In recent years, California's education budget has taken more than $20 billion in cuts. Anyone who claims wasteful spending is the only problem isn't seeing the entire picture.
We have a revenue problem too. According to Education Weekly, California...
| Jun 23, 2012
| 9:45 PM
Q: I have a home that I have rented out for the past 18 months. Prior to that, I lived in the home for eight years. I want to sell it and buy a different rental home.
Do I need to do a 1031 exchange to defer tax, or am I free from capital gains tax...
| Oct 17, 2012
| 4:56 AM
WASHINGTON (AP) — In the rough-and-tumble of a town hall-style presidential debate, the facts took something of a beating Tuesday night.
Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S....
| Oct 17, 2012
| 6:51 AM
How the federal debt would look in terms of a household
The information below cuts thru political hype and helps put things into perspective.
Let's remove eight zeros from the federal figures and pretend it's a household budget:
| Jul 5, 2012
| 9:45 PM
Q: Four years ago, I financed a rehabbed property located in Atlanta on a bank appraisal of about $110,000. The current loan balance is about $88,000 on an interest rate of 6.625 percent. But the home's current value is about $25,000. My bank has valued...
| Jan 17, 2012
| 8:24 AM
(Elkhart, Kosciusko, Marshall and St. Joseph County) Starting January 17, VITA (Volunteer Income Tax Assistance) will begin free tax preparation & e-filing appointments for individuals and families in Elkhart, Kosciusko, Marshall and St. Joseph County...
| Jan 24, 2012
| 6:08 AM
Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.
Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010...
| Oct 28, 2012
A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us.
That's the foundation stone, after all, of the argument against raising taxes on "job creators" and...
| Nov 1, 2012
SACRAMENTO — Gov. Jerry Brown may still pull out a victory for his beleaguered tax measure. Then he can tell all us kibitzers to go eat a big Thanksgiving plate of crow.
Polls show "yes" votes in the high 40s with the "no" side in the low 40s....
| May 6, 2012
| 5:12 AM
Reducing income and sales taxes requires Kansas legislators to have faith that the cuts will stimulate economic growth as advertised, as even the most solid projections involve some guesswork.
A disagreement last week between the Le gislature's...
| May 9, 2012
The Kansas House has bypassed a compromise plan for reducing income and sales taxes and instead approved larger cuts, sending them to Gov. Sam Brownback.
The House voted 64-59 for legislation cutting individual income tax rates, exempting 191,000...