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BUSINESS
December 18, 1986 | From Times Wire Services
The U.S. economy enjoyed a moderate rebound in growth in the summer, but inflation picked up as well, the Commerce Department reported Wednesday. Analysts said the question now is whether the economic revival can be sustained in the face of uncertainty over the new tax law. The Commerce Department also reported Wednesday that after-tax profits of U.S. corporations rose 5.5% in the July-September quarter, the biggest increase in three years.
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REAL ESTATE
October 11, 1987 | DAVID W. MYERS, David W. Myers is a Times real estate writer. and
The California Assn. of Realtors' four-man lobbying team was also able to make an imprint on the much-ballyhooed state tax reform measure signed by Gov. George Deukmejian last month. Although the state legislation is designed to conform more closely to federal tax law, CAR and other trade groups representing the real estate industry were able to get some important concessions, said Alex Creel, the realtors' top lobbyist.
BUSINESS
April 13, 1987 | BILL SING, Times Staff Writer
Hundreds of California taxpayers are claiming millions of dollars in refunds for state income taxes paid on sales of stocks of small companies, thanks to a little-noticed loophole in California tax law. The loophole--stemming from a tax break designed to encourage investment in California small business--already has forced the state to cough up nearly $50 million in refunds and interest during the past year or so, state officials say.
BUSINESS
January 26, 1989 | From Associated Press
The chairman of the Securities and Exchange Commission urged Congress Wednesday to move cautiously in trying to use tax law changes to stem the current wave of leveraged buyouts. "You should be aware that your committee's activities may influence a stock market that is skittish and nervous," SEC Chairman David S. Ruder told the Senate Finance Committee.
BUSINESS
May 4, 1995 | CAROL SMITH, CAROL SMITH is a free-lance writer based in Pasadena
Restaurants are feeling an additional bite from the tax laws the year, more than 18 months after Congress cut the business meal deduction from 80% to 50%. Although in effect for all of last year, some travelers didn't recognize the pinch until they filed their income tax returns. Thus many in the restaurant industry are braced for even more aggressive cuts in travel meal budgets.
BUSINESS
May 23, 1999 | LIZ PULLIAM, Liz Pulliam is a personal finance writer for The Times and a graduate of the certified financial planner training program at UC Irvine
Q: I read your May 2 column about taxation on the sale of a home where singles are allowed $250,000 of home sale profits tax free while married couples are allowed $500,000. It is my experience that such taxation is unconstitutional because it discriminates against single homeowners.
CALIFORNIA | LOCAL
July 12, 1990 | CONWAY COLLIS, Conway Collis is the chairman of the State Board of Equalization.
The budget battle now playing itself out in Sacramento is both unnecessary and immoral. A reasonable state tax policy could produce as much as $7.85 billion more per year. That would more than make up for the $3.6-billion budget gap. It is simply outrageous that we allow a situation to develop in which our legislators and Gov.
CALIFORNIA | LOCAL
April 18, 1997 | WILLIAM CRAIG RICE, William Craig Rice, a poet and essayist, teaches writing at Harvard University
To judge by the art advocacy climate in Washington, the very future of art in the United States rests on the reauthorization of the National Endowment for the Arts. To question the agency's legitimacy, its record, its actual effects on artists and the arts, is tantamount to declaring war on the creative spirit.
BUSINESS
February 27, 1987 | Associated Press
Orders to U.S. factories for "big ticket" durable goods plunged 7.5% in January for the biggest drop in almost seven years, despite a huge gain in demand for military equipment, the Commerce Department reported Thursday. While the weakness was attributed in large part to changes in the tax law, analysts said it showed that the long-awaited rebound in economic activity has yet to begin. Commerce said orders for durable goods, items expected to last three or more years, totaled $102.
BUSINESS
March 4, 1987 | OSWALD JOHNSTON, Times Staff Writer
The government's main barometer of future economic activity--the index of leading economic indicators--plunged a full percentage point in January, the largest drop in 2 1/2 years and the end of a string of six consecutive months without a decline. However, economists discounted any cause for alarm, saying that the steep decline was expected and that it counterbalanced a sharp upsurge in December caused by the new tax code.
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