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The White House faced mounting political complications as a second top fundraiser for President Obama was linked to a federal loan guarantee program that backed a now-bankrupt Silicon Valley solar energy company, and as two California lawmakers called for...
Tags: Energy Saving, Social Media, Laws, Bankruptcy, George W. Bush
Money & CompanyTax receipts beat expectations for the second straight month in California, a piece of good news among other worrisome indicators for the state's economy. General fund revenues were 5.9% higher than budget estimates in May, according to a monthly report.....
When it comes to life's two guarantees, I find death less scary than taxes. Taxes, in fact, are so scary that they make me want alcohol. So is a margarita on a business trip as deductible as my hotel room? Sadly, no. That margarita is typically only 50%...
Pay for most prescription drugs, physician visits and medical equipment out of one's own pocket but have enormous medical expenses — say after an accident or surgery — covered by an insurance company. To many Americans, that seems like a...
Los Angeles Times Staff Writer"Sin taxes" on cigarettes have turned out to be the most effective weapon in the campaign to reduce smoking. Why not try it on Flamin' Hot Cheetos, vanilla Coke and Twinkies? With increasing vigor, public health experts and think tanks are calling for...
Since first-time buyers are getting thousands of dollars in tax credits from the federal government to stimulate the economy, why shouldn't all home buyers get equal treatment? What about refinancers -- couldn't they make good use of a tax credit to...
The most persistent misconception about Californians is that we hate to raise taxes. The truth is that we adore raising taxes -- as long as someone else is paying, that is. So nonsmokers vote to raise cigarette taxes, teetotalers to raise liquor taxes....
With the April 30 deadline looming, home buyers need to get a move on if they hope to qualify for the federal tax credits of $8,000 for first-timers or $6,500 for owners wishing to move up. But even if you don't have a binding contract in place by the...
Lawmakers have pushed their efforts to overhaul the U.S. healthcare system into a higher gear, with a Senate panel approving one Democratic proposal and a House committee starting to debate another. The 1,018-page House bill (HR 3200), which the...
Take a close, hard look at the new $6,500 federal tax credit for so-called move-up home buyers that passed the Senate and House recently. Though it's been getting second billing to the original $8,000 credit for first-time purchasers -- now extended by...
If you've been holding back on the new $6,500 federal tax credit for repeat home purchases, you now have all the official IRS guidance you'll need to buy a house, qualify for the credit and pocket the $6,500. That's because the Internal Revenue Service...
Tags: Defense, Real Estate Buyers, Credit and Debt, Politics, Property
No one is perfect, especially when it comes to filing a federal income tax return. And with first-timers accounting for the majority of home buyers last year, the IRS is bracing for rookie mistakes. With that in mind, here, according to the Internal...
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