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News
Legal News Headlines by Lawyers.com
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02.08.2010
Thousands of metro Atlanta property owners have challenged their property tax valuations with local officials this year. A record number of people are filing a little-known document called a tax return with their property appraiser's office, asking for a lower value on their appraisal, and thereby, a break on property taxes.
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02.08.2010
While Toyota tries to maneuver its way out of problems tied to the carmaker's massive safety recall, questions linger over how its woes will affect the U.S. economy and automotive industry. A lot depends on whether fallout from the recall causes a big shift in market share -- and whether that shift lands in the laps of U.S. manufacturers Ford, General Motors and Chrysler. If so, it could breathe new life into the U.S. auto industry, and perhaps lead to an increase in output and jobs. But a lot must change for it to happen. "It's going to take more than this for Toyota to lose a large chunk of its customer base," said Peter Morici, a professor at the University of Maryland's Robert H. Smith School of Business. "They're going to have to keep making more mistakes. For now, the macroeconomic impact is not large."
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02.08.2010
The arrival of documents like W-2 s and 1099 s signals it's time to get your tax return in gear. Hidden in the blizzard of paperwork is good news. Thresholds for various tax brackets have climbed for the 2009 tax year. Also, some deductions, exemptions and credits have increased. The result: You should end up with more dollars in your pocket than you would have last year. The lift in tax bracket thresholds keeps you well ahead of inflation. For example, the top tax bracket is still 35%, but you don't reach it until you hit taxable income of $372,950 -- whether married or single.
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