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From identity thieves impersonating the IRS to tax preparers behaving badly, scammers are on the prowl this tax season.
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Can things get any worse for fund investors? Apparently so. You already know what a terrible year 2008 was for your stock funds. Through Nov. 21, domestic equity funds fell 48% on average, while their foreign counterparts did even worse - dropping 54%. But it's not just that the average fund lost around half its value. Every single stock fund was down for the year, according to Morningstar.
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My latest in the American News , assults on the English language and all: The so-called “tea-parties” that took place around the nation on April 15, tax day, represent to some a laudable protest movement against increased government taxation, while to others they represented a collective rant by a right-wing fringe. Some commentators, like CNN's Anderson Cooper, resorted to on-air vulgarity to disparage the protesters. Others, such as actress Janeane Garofalo, denounced the protesters as ign
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CUMMINS INDIA LIMITEDANNUAL REPORT 2008-2009DIRECTOR'S REPORTDIRECTORS' REPORTThe Directors of Cummins India Limited have pleasure in presenting the Forty-Eighth Annual Report and the Audited Accounts of the Company for the year ended March 31, 2009.1. FINANCIAL RESULTS :During the year under review, net sales turnover was Rs. 32,740,500 ('000) Rs. 23,307,792 ('000) (Rs. 23,308 million) during the previous earnings were Rs. 13,424,852 ('000) (Rs. 13,425 million) as during the previous
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Among economists who sort of seem to me to make sense, Jeffrey Sachs seems to me to hold as prominent a place as Krugman and DeLong. Sachs has an interesting and straightforward article about American macroeconomics and tax avoidance in the Scientific American . (hat tip to Dennis at Samadhisoft  who, like Sachs, should be held blameless for the following.)  Sachs says things like: The stimulus debate has centered heavily around the question of “bang for the buck,” that is, whether tax c
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Former US Attorney Chris Christie as predicted won the Republican primary for the New Jersey gubernatorial race last night.  He will go on to face incumbent Governor Jon Corzine in the general election in November.  Corzine’s approval rating has dropped drastically over the state’s poor economy and his raising of taxes.  Christie has been leading him in the polls.Christie has been campaigning on reducing the state income tax across the board for all taxpayers, reducing the corporate income tax r
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The US Federal Reserve has a major impact on Canadian monetary policy, as well - so Canadians should be rooting for this initiative to hold them accountable for the huge sums they’ve disbursed without any requirement to account for them. We can only hope Congressman Ron Paul succeeds and blows this mafia case wide open. Flashback: Geithner Said to Have Prevailed on the Bailout | Banks won’t say where U.S. bailout money going | Paulson, Bernanke defend change of plan: $700-billion now to
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UK NEWS BUDGET 2009: THEY’VE RUINED BRITAIN RUINED: Labour’s epic debt crisis will lead to merciless tax Thursday April 23,2009 By Macer Hall Have your say(5) BRITAIN was last night braced for a decade of merciless tax rises after Alistair Darling’s Budget revealed the epic scale of Labour’s debt crisis. A punitive 50 per cent income tax rate was slapped on top earners and their pensions plundered as the Government reverted to Old Labou
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Image via WikipediaI’m amazed and encouraged by the recent uptick in news stories about legalizing pot. Call it pot, marijuana, hemp or what have you, the basic issue is the same. While I agree that we should decriminalize this incredible plant that can be used for numerous industrial, commercial and medicinal uses, I’m discouraged by two points coming from the strongest supporters for legalization. These are:Tax itKeep ‘harder’ drugs illegalThis is a losing position and I’ll tell you why. On th
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T here just may be a way to survive post-layoff with little risk and not too much fear and loathing. A drawdown of 4 percent from retirement savings plus early Social Security plus a modest hand-to-mouth income would support my current lifestyle. Here’s how: If I move my plan to create a large cash-flow pool from savings in 2010 forward to, say, today, I could pay for the Investment House mortgage out of cash flow + non-tax-deferred savings (thereby preserving tax-deferred savings, if the m
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