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Taxes
Earlier this year, Bank of America (NYSE: BAC)
received an additional slug of capital from taxpayers to digest its
Merrill Lynch acquisition. In addition to $20 billion of TARP funds, the bank received what's called a ring-fenced asset guarantee on 90% of a $118 billion pool of assets.
One of the things you loathe is sitting down and sorting out your taxes. You are happier having someone tell you ‘this is the amount of tax you will have to pay for this year’ and paying it out, rather than sitting down and going through the painful process of calculating the tax due.
I want Treasury Secretary Tim Geithner's plan to save the banks to work. I want banks to jettison all the crap on their balance sheets and allow taxpayers to profit. Everyone does. It'd be the ultimate victory during an economic collapse where nothing has gone right
You finally get down to the bottom line of your tax return, and the balance due to Uncle Sam is much more than you expected. In fact, it's more than you can afford to pay. You've dug through the couch cushions and checked all your pants pockets, but all you got was $26.55 and a lot of lint.
Submitted by Shruti Sharma on Thu, 03/19/2009 - 02:14. ::
Submitted by Shruti Sharma on Thu, 03/12/2009 - 06:42. ::
Submitted by Shivani Thapa on Fri, 01/30/2009 - 09:37. ::
Submitted by MT Bureau on Sun, 11/02/2008 - 04:11. ::
Submitted by MT Bureau on Fri, 09/19/2008 - 04:04. ::
Submitted by MT Bureau on Sun, 09/07/2008 - 04:34. ::
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