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Freddie Mac Seeks Billions More After Big Loss

The total taxpayer bill for both Freddie Mac and Fannie Mae is now about $136 billion.

 

Senate panel approves Wall Street reform bill

Senate panel approves Wall Street reform bill

A Senate committee on Wednesday passed a proposal aimed at helping protect the economy from future meltdowns and taxpayers from more Wall Street bailouts.

 

Do-it-yourself taxes vs. the CPA

After turning to a professional, one taxpayer went from owing thousands to getting a big refund.

 

New deductions, credits available for ’09 taxes

New deductions, credits available for ’09 taxes

When taxpayers sit down to file their 2009 returns, they will find plenty new — some the result of adjusting for inflation, and other changes passed by Congress to fight the downturn.

 

Five bank closures to cost FDIC fund $1.5 bln

A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.

 

Study: Amtrak loss comes to $32 per passenger

Study: Amtrak loss comes to $32 per passenger

U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator's estimate, according to a private study....

 

Deadline looms for Americans to disclose accounts in foreign tax havens

Under an amnesty program, the IRS is allowing taxpayers to avoid prosecution for failing to report those accounts. Tax attorneys have been besieged by wealthy clients who are lining up to apply.

Wealthy U.S.

 

Report: Limiting medical lawsuits could save $41B

Limits on medical malpractice lawsuits would lead doctors to order up fewer unneeded tests and save taxpayers billions more than previously thought, budget umpires for Congress said Friday in a reversal that puts the issue back in the ...

 

For The Working Poor, Marriage Is A Costly Luxury

For The Working Poor, Marriage Is A Costly Luxury

Forbes magazine's recent cover story "When Work Doesn't Pay For the Middle Class" illustrates many of the issues the middle class faces regarding the unintended interactions between work, marriage and taxes. We'd also like to point out that these unintended interactions pose serious problems for an often overlooked segment of our society--the working poor.

 

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