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February 23rd, 2009 at 01:01 pm

An interesting article about CD risk. I hadn't thought of this before:

If your bank is bought, your CD yields could be slashed
[url]http://latimesblogs.latimes.com/money_co/2009/02/bank-c...


California is offering a massive tax break to people who buy newly constructed homes:

Home Front: Tax breaks pile up for homebuyers
[url]http://www.sacbee.com/business/story/1639155.html[/url]

Just an interesting article on taxes in California. This does not even begin to cover it. Not the greatest article. But I get so annoyed when people say "you shouldn't pay more than "x" for a tax return. IF we broke out charges by Fed & State, the state return would cost more, for sure. It definitely costs more to get your taxes done in this state.

I think the legislature had their heads in the right place when they refused to conform to all of the massive Federal tax breaks this last decade. BUT the mess it has created? They should probably conform to most of the laws and then increase tax rates to cover the difference.

The state of California, in the interim, gives us migraines. I've heard joked that tax preparers like the complexity. Um no, we do not like the complexity. IT is complex beyond words. No one wants to be personally liable for figuring this mess out. Give us simpler tax laws, PLEASE. I actually contribute to the CPA political action committees all the time as they work hard on trying to get California to conform where it would make it simpler, etc. Like HSAs and IRA income limits. (The political committees have also been fighting AMT long before it ever became a more mainstream issue. But yeah, regular old joe blow doesn't understand all this stuff and the mess it creates. We have to deal with it every day).

Growing gap in federal, state tax laws
[url]http://www.mercurynews.com/personalfinance/ci_11734260[...

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Completely off topic...

& finally, just a funny website I came across recently. It's all the recent Garfield cartoons, minus Garfield. IT's kind of funny. & sad... Clever!

[url]http://garfieldminusgarfield.net/[/url]


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