Word: loss
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...Troubled Asset Relief Program won't trigger a tax bill. In October, the IRS said it doesn't consider money given by the government to the ailing banks as part of the TARP program financial aid. Call it a financial encouragement to stay in business, but not aid. Tax-Loss Carrybacks...
...proposed in the House of Representatives in late November by Congressman Steve King, a Republican from Iowa, that would extend the tax-carryback rule to five years, which means companies could get their tax payments refunded all the way back to 2003. And the rule would be eligible for losses that occurred in 2008 or 2009. That means a company with a large enough loss, after the proposed rebate, could effectively not pay taxes for seven years. Senator Olympia Snowe, a Republican from Maine, has proposed a similar change to the tax code in the Senate, but only for small...
There are few things people won't do for money. That's the thinking behind a new weight-loss study published by behavioral economists Kevin Volpp of the University of Pennsylvania School of Medicine and the Wharton School and George Lowenstein of Carnegie Mellon University. With a shocking 71% of Americans considered overweight or obese and most weight-reduction plans proving helpful at getting pounds off but far less so at keeping them off, Volpp and Lowenstein decided it was time to quit fooling around. Never mind fad diets and you-can-do-it affirmations. Better to just reward successful...
...group of volunteers enrolled in a 16-week diet program with monthly weigh-ins and an overall goal of shedding 16 lb. The volunteers were then divided into three groups. The first group participated in a lottery program in which those who came closest to or exceeded the weight-loss goal received a variable cash prize determined by how many pounds they shed. The second group agreed to a deposit contract in which they anted up some of their own money as part of a pool. Those who lost the most weight split the pot; those who didn't drop...
...surprise who did best. At the end of the 16-week trial, the lottery group dropped an average of 13.1 lb., with 53% reaching the goal. In the deposit-contract group, the average weight loss was 14 lb., with 47% taking off 16 lb. or more. People in the no-incentive group logged an average weight loss of just 3.9 lb., with only 11% of them reaching the 16-lb. goal. As for the payouts? The winning lottery players walked away with an average of $272.80. The most successful members of the deposit group pocketed a cool $378.49, on average...