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Millions will have to repay part of tax credit
www.onenewsnow.com
Stephen Ohlemacher – Associated Press Writer – 11/16/2009 10:50:00 AM
WASHINGTON – More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.
Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department’s inspector general for tax administratio
Dutch drivers to pay tax on road time
www.onenewsnow.com
Associated Press – 11/14/2009 6:05:00 AM
AMSTERDAM – Dutch drivers will pay less to buy a car but will be charged tax for every mike on the road, a system the government says will reduce traffic jams, fatal accidents and carbon emissions.
The Cabinet approved a bill Friday calling for drivers of an average passenger car to pay a base rate of euro0.03 per 1 kilometer (7 US cents per mile), beginning in 2012. Drivers of heavier, more polluting vehicles will pay more, and the cost will go up for driving in peak hours.
GPS will track
Chanos: Huge China Crash Coming
moneynews.newsmax.com
Thursday, November 12, 2009 11:21 AM
By: Julie Crawshaw
To the growing number of China bears, add Kynikos hedge fund manager Jim Chanos, who is reportedly shorting the entire Chinese economy.
Chanos, among the first to see through Enron?s web of accounting tricks, told Politico.com he sees a similar situation evolving in China ? starting with the fact that the $4.3 trillion Chinese economy is under-performing despite a $900 billion stimulus program.
Also, China seems to be cooking its books,
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