Word: taxing
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Proponents say the tax credit has helped breathe life into the comatose housing sector and that its extension is critical. "Failure to act now could derail the fragile housing recovery even before it has time to take root, " said Jerry Howard, president and chief executive of the National Association of Home Builders, in a recent statement. (See six year-end tax tips...
Congress is under the gun from homebuilders and Realtors to extend the $8,000 first-time home buyers' tax credit beyond its Nov. 30 expiration and even expand the credit to existing homeowners - a move that could happen before the week...
...Jersey, incumbent governor Corzine - already tarnished in the eyes of voters by his past as a Wall Street executive - has been hurt in his race against Republican former prosecutor Chris Christie by flare-ups of local public corruption and by eye-popping property-tax rates. But Corzine has fought back from a near fatal deficit earlier in the year thanks to four factors: 1) the rise of Chris Daggett, an independent candidate who has drawn votes away from Christie, giving Corzine a chance to win with far less than 50% of the vote, 2) the focus on Christie's personal...
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession...
...household each month. Association president Doug Way, 42, moved to Detroit with his wife seven years ago and fell in love with Indian Village's 19th century manors, built for the city's emerging industrial barons. Footing the bill for private security is almost like paying an extra tax, he acknowledges, but it's worth the cost. The median sale price of homes in Detroit has plunged from $59,700 in August 2005 to $8,000 just two months ago. "You could argue that one reason the homes are less expensive in the city is the level of services...