Undeserved subsidies for wrongdoing occur because the law that prohibits companies from deducting fines or penalties as a tax write-off does not apply to companies that resolve charges through out of court settlements, unless agencies specifically forbid the write-offs as part of the settlement agreement.
It must be the dogged CEO in him, the strict businessman who only sees the dollar figures and not the people behind those numbers. To me, that's the only explanation for Gov. Snyder's scheme to raise taxes on pensions for senior citizens across this great state.
I've come to the conclusion that I don't need all the latest new "stuff" on a car. Maybe it's maturity or frugality. I much prefer the freedom of not owing money on a car. But that's just one reason.
Are those inflexible taxes so high that they will undermine a sustainable market -- and threaten legalization itself? Well, it's complicated.
The law allows freelancers and other individuals who work at home to claim home-office deductions only if they pass a series of tests. You must use a ...
Many of us spend more time watching TV shows we don't even like than we would need to fix our finances. Just follow these seven easy tips and not only will you be on the road to financial stability, you'll also realize how easy it is to stay on course.
Remember, next time you're ordering at the drive through, the person serving you has a better than 50/50 chance of needing some kind of public assistance funded by your tax dollars to survive, while the fast food company they work for pays low wages and turns a profit.
Last week former New York Times editor Bill Keller had a column that distinguished the "left-left" and the center-left. However, what's more important than the labeling is the main line of distinction Keller tries to draw.
The day after Christmas means a lot of different things to a lot of different people - obligatory gift returns, post-Christmas sales, pouring the last of the eggnog in your coffee, an end to holiday music in public spaces and on public airwaves.
Educate yourself for financial planning. In this lumbering economy, it's more vital than ever that you assume greater responsibility for your financial future.
The IRS announced this week that they will start processing tax returns on Friday, January 31, 2014. So what can you do in these final few days of the year to help lower your taxes for 2013?
How can we have a future if we don't feed, house and educate our young -- the most vulnerable members of our society? We need to reinvest in infrastructure The Affordable Care Act is a step towards improving the health of the nation at large.
Of course we don't make marriage decisions based on whether we will benefit from it from a tax standpoint. However, if you're sure about the person but not about the timing, here are some guidelines that might push the decision one way or the other on whether to head to City Hall or elope before the year ends.
It's not over -- they still have to appropriate their new top-line spending numbers down to all the agencies -- but it looks like the budget deal that quite handily cleared both chambers will soon be enacted. But I've got a few lingering thoughts
Given that tax season is right around the corner, what could Santa expect when he files?
Will our income tax go down in a year? Will sales taxes go up? Will retirees pay income tax? Taxes dominated the discussion Monday among three of the leading advocates for the pension reform bill passed two weeks ago.