Word: deduction
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...minutes; he's aiming to knock that down to about two minutes. At the moment, only U.K. customers can use the service, which is available through the country's four largest mobile network operators - Vodafone, Orange, T-Mobile and O2, who tack the charge onto your monthly bill or deduct it from your pay-as-you-go credit. But the firm plans to roll out AQA in South Africa, Australia and either France or Germany early next year, followed by other countries including the U.S. What's the most common query for the two-month-old service? "'What...
...CONCERNS. You'll forgo some tax benefits associated with investing in real estate, says Islandia, N.Y., financial planner Michael Kresh. You usually can't deduct depreciation, and when you begin withdrawing money from a traditional IRA or SEP-IRA, those funds will be taxed as regular income. Since a Roth IRA lets you withdraw funds tax free after age 59 1/2, that may be your best option...
...most jobs. Most small businesses don't pay corporate income tax. Instead, their profits are treated as income to their owners. So cutting ordinary income-tax rates is "really pumping capital into ... small business." The new tax bill also quadruples, to $100,000, the amount a small business can deduct each year for new equipment. Bush called this limit a "cap on investment...
...capable of destabilizing Elf. We had to shut them up or make sure they were with us." To what extent Elf broke French law with its slush fund is unclear. At the time, party-funding rules were loose and paying bribes to foreign officials was legal; indeed, companies could deduct them from their taxes. (That has since changed.) The prosecutors are focusing on allegations that, in the process of handing out Elf's money, the defendants broke the law in helping themselves to some of it. Le Floch-Prigent, who is now serving a 21/2 year sentence from a previous...
...Establishment orientation, SUV partisans aren't burning anything (except gas); their defense is mostly carried out in sedate op-eds. After enduring months of attacks, pro-SUV forces cheered last month when it was disclosed that the Bush Administration wants to increase a tax break allowing small businesses to deduct much of the price of the heaviest SUVs from their taxes--even when those SUVs won't be hauling anything more than the boss and his morning Starbucks...