Tax

With gas prices continuing a steady upward climb, you may be headed to the dealer in search of something less thirsty at the pump. But which cars' sticker price gives you the most bang for your buck? We asked Edmunds.com to look at the vehicles with the lowest sticker price per fuel-economy rating. The math was simple: divide the car's base price by its EPA rating for combined fuel economy. The result gives a look at how much each mile per gallon will cost you. Photos: Top 10 cars with lowest cost per mpg Topping the list is Ford's C-Max Energi.

Re "Apple's U.S. tax shelters faulted," May 21 French novelist Honoré de Balzac once wrote, "The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed. " That statement describes Apple Inc. perfectly, except it has finally been found out. Thankfully, Sen. Carl Levin (D-Mich.), chairman of the Senate Permanent Subcommittee on Investigations, seeks to expose Apple's fraudulent tax policies.

In these troubled economic times, it's not hard to understand why people might want to protect their life savings by purchasing a hard asset like gold or silver. At least, that's the pitch of Monex, the big Newport Beach investment firm, which bills itself as "America's trusted name in precious metals investments" and assures clients that it's "committed to customer service. " So let's take a look at the experiences of some customers who say their trust in Monex was misplaced.

  WASHINGTON - Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's controversial tax practices. A handful of heated exchanges erupted in the hearing Tuesday before the Senate Permanent Subcommittee on Investigations as lawmakers pressed Cook and two other Apple executives to explain how the company used its Irish subsidiaries to avoid paying billions of dollars in taxes.

If you are a teacher in debt, there's good news and bad news. There are literally dozens of programs that could potentially help wipe out your student loans. But most of them have narrow requirements that may lock you out. Just ask Troy Dale, a high school counselor from Ellis, Kan. He and his wife have $23,000 in student loans that they've been paying down for nearly a decade. At their current rate, they'll still be paying off their student debts when their oldest child enrolls in college.

Auto leasing deals abound these days, with offers that often seem too good to be true. How about a well-equipped Honda Accord for $250 a month with no down payment or any other drive-off fees? Or better yet, $199 a month for a Chevrolet Malibu? So, what's the catch? There isn't any if you know what you're getting into. There are always details. You need top-tier credit to qualify. You pay a penalty if you turn that Honda in with more than 36,000 miles. And the payment is not $250 a month because of that little matter of tax. It is more like $275, depending on where you live.

In 1986, lawmakers decided the problem of illegal immigration had to be dealt with. More than 3 million people were living in the United States after crossing the border illegally or overstaying their visas. A new law signed by President Ronald Reagan gave legal status and a path to citizenship to most of those unauthorized residents - helping many secure a slice of the American dream but also giving fuel to critics who sought to turn "amnesty" into a pejorative. Less than 30 years later, the number of immigrants living in the country illegally is thought to have nearly quadrupled, and the freighted baggage of amnesty looms over new efforts to reform the nation's immigration laws.

WASHINGTON - President Obama forced out the head of the IRS on Wednesday, seeking to restore the public's faith in the tax agency while asserting a measure of control over a rapidly growing political problem. Making a hastily scheduled statement at the White House, Obama denounced the targeting of conservative groups by the Internal Revenue Service as "inexcusable" and pledged to "do everything in my power to make sure nothing like this ever happens again. " "Americans are right to be angry about it, and I am angry about it," he said.

There's nothing like competition to bring down the price of a product, even expensive electric cars. Chrysler Group said it will be offering a special deal on its first electric car, the Fiat 500e, when it goes on sale this summer. While the sticker price will be $32,500 before various government incentives, California residents can lease the car for $199 a month, plus tax, and a $999 down payment. It is a 36-month lease. Photos: Top 10 cars with lowest cost per mpg “It is a pretty attractive deal to test the waters and see what kind of a take rate they can get,” said Mike Wall, an analyst with IHS Automotive.

Many hard-working people need access to short-term credit in a pinch to cover the cost of an emergency room visit or replacing a busted stove or carburetor. Yet apart from asking friends and relatives for assistance, a wellspring that comes with its own costs and often runs dry, many families turn to alternative, "predatory" lenders to finance unexpected expenses. Although the products offered by these alternative lenders — such as payday or car-title loans — can help families weather a financial emergency, the eye-popping interest rates can be devastating.

Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows. The report by the state controller paints a troubling picture of the small southeast Los Angeles County city's efforts to recover from the 2010 scandal, which resulted in felony convictions against five former City Council members. The city's longtime city manager, Robert Rizzo, faces trial on corruption charges later this year.

Re "Scandal born of vague IRS laws," News Analysis, May 17, and "Ousted IRS chief defends agency," May 18 The outcry against the IRS over its targeting of conservative groups seeking tax-exempt status is justifiable. The IRS has two obligations when handling such cases: to ensure a level playing field and to provide a timely response. Complaints from the affected groups suggest the IRS failed on both counts. And with such a high number of violations being cited, the problem does not appear to be a brief slip but instead one that arose because of the culture at the IRS. If organizations are to receive extra scrutiny based on political activity, then probably no group is completely innocent.

The chief drawback of a law as complex as the Affordable Care Act, the health insurance reform measure passed in 2010, is that it provides self-interested opponents a multitude of places to stick a wedge in and hammer away. But you'd be hard-pressed to find a campaign against the ACA as narrow-minded and dishonest as the one mounted by medical device manufacturers. This industry, which encompasses makers of everything from tongue depressors to MRI machines, has been grousing from the outset about an excise tax of 2.3% the act imposes on sales of its products.

Larry Scott of the Pac-12 Conference appears to be the highest-paid sitting college commissioner ever, the Wall Street Journal reported. Scott earned more than $3 million in 2011-12, according to tax documents released by the conference Sunday. Scott, who transformed the conference from the Pac-10 to the Pac-12 and quadrupled its annual television-rights revenue, took home a $1,376,000 bonus in addition to a base salary of $1,575,000 and other compensation of $71,462. His total compensation surpassed that of Big Ten Commissioner Jim Delany, who made $2.8 million in salary, bonuses and benefits that year.

WASHINGTON - Apple Inc., one of the most successful and valuable companies on the planet, will be tested Tuesday when Chief Executive Tim Cook testifies about the company's controversial tax practices before a hostile Senate subcommittee. Should the company, as Apple and Cook argue, be applauded for creating hundreds of thousands of jobs and paying $6 billion in federal taxes last year, among the most of any U.S. corporation? Or should Apple be reviled for stashing a hoard of cash overseas so it could legally skirt an additional $15 billion in taxes over four years, making it potentially one of the country's biggest tax avoiders?

WASHINGTON - In spring 2010, agents in the Cincinnati office of the Internal Revenue Service, which handles applications for tax-exempt status, faced a surge of filings by new advocacy groups, with little guidance on how to treat them. Their decision to deal with the problem by singling out tea party and other conservative groups for extra scrutiny has now triggered a criminal inquiry, congressional investigations, the departure of two top IRS officials and the naming of a new acting commissioner Thursday.

Is Mexico safe? That's the question that gets a lot of media attention. When six tourists from Spain were raped earlier this month in Acapulco, speculation began anew. But the tourism board in Cancun, 1,200 miles away and in a state for which the U.S. State Department has no advisory, wants the public to feel safe about visiting that region of the country, especially with the spring break vacation period looming. About 45,000 people visit during the spring travel season. “Last year Cancun welcomed almost 4 million visitors, and while none of our tourists were victims of violent crimes, we understand that safety is always a concern when traveling to a foreign country,” said Jesus Almagauer, chief executive of Cancun Convention & Visitors Bureau.

With more than 4 million people visiting Yosemite National Park last year ? and that number expected to increase this year ? it's no wonder lodging inside the park is snatched up quickly. "We typically sell out during the summer season," Delaware North Cos. spokeswoman Lisa Cesaro said of its Yosemite accommodations (Ahwahnee Hotel, Yosemite Lodge at the Falls, Curry Village and the housekeeping camp on the Merced River; the Wawona Hotel, and in the back country, Tuolumne Meadows Lodge, White Wolf Lodge and the High Sierra camps)

Los Angeles voters rejected a plan to hike the city's sales tax two months ago, but the battle over that measure lives on in a hotly contested City Council race. In multiple mailers sent to voters in the 13th council district, candidate John Choi and his backers in organized labor contend that Choi's rival, Mitch O'Farrell, supported the layoffs of 500 police officers. In one mailer, a downcast O'Farrell is pictured next to a crime scene and the words: "Votes to cut 500 cops. " Choi and his backers base the claim on O'Farrell's opposition to Proposition A, the March 5 ballot measure that was promoted by city leaders and others as a way to avoid reductions in police staffing.

SACRAMENTO - Gov. Jerry Brown is taking another stab at largely eliminating a state $700-million tax break for "enterprise zones" aimed at creating jobs in economically strapped localities. The governor failed in his efforts in 2011 to eliminate these politically popular quarter-century-old zones, located in the legislative districts of about three out of every four lawmakers. In his revised budget Tuesday, Brown proposed that 40 enterprise zones be replaced by a sales tax credit for companies that purchase manufacturing or biotech research and development equipment.