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20000 Year

BUSINESS
May 18, 2013 | By Ronald D. White, Los Angeles Times
Call it retirement anxiety, or maybe recession obsession. For all of their married life, Patrick Webster, 63, and Susie Martin, 54, have been extremely frugal. Webster and Martin, who both work at Marymount College in Rancho Palos Verdes, have been stashing away their combined income at an enviable rate - more than 25% - for retirement. Together they have more than $1 million in investments and no debt. But rather than feeling reasonably secure about their financial future, they dread a return of hard times.
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BUSINESS
April 4, 2011 | By Karen E. Klein
Dear Karen: I'm self-employed and make $20,000 a year. The tax lady calculated that I owe $1,600. Can this be right? Answer: Self-employment income is subject to both income tax and self-employment tax. Ordinary income can be reduced by standard deductions and exemptions, but income subject to self-employment tax cannot, said Donald Lucove, a CPA with Lucove, Say & Co. in Calabasas. "The self-employment tax is calculated using 92.35% of self-employment income at 15.3%," he said.
CALIFORNIA | LOCAL
March 21, 2014 | By James Rainey
A string of actions by state officials and the National Labor Relations Board has strengthened the hand of truck drivers who say they need union representation to improve pay and working conditions for the thousands who transport cargo out of the ports of Los Angeles and Long Beach. In a settlement this week, one major trucking company agreed to post notices acknowledging the workers' right to organize - not previously a given because drivers were treated as contract workers, who are not subject to unionization.
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