November 4, 2012 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Hurricane Sandy -- The Justice Department and FBI are warning consumers to be careful when making donations intended to help victims of Sandy. Here are some other tips: --Do not respond to spam emails or click on any links in the emails and instead seek out reputable organizations on their websites. Most reputable charities have websites that end with “.org” instead of “.com.” --Do not respond to high-pressure solicitations; reputable organizations do not use coercive tactics.
CALIFORNIA | LOCAL
October 18, 2012 |
Anaheim police detectives didn't have to go far to find the latest victims of an apparent embezzlement scam. For five years, Cindy Ann Su'a sat in the Anaheim police union as officer manager, quietly stealing more than $360,000 from the organization's accounts, prosecutors charged Wednesday. She altered her paychecks, sometimes doubling her pay, and paid her bills from the Anaheim Police Assn.'s bank accounts, Senior Deputy Dist. Atty. Marc Labreche said. "She was stealing our money and hiding the mail so we'd never find out … it was a shock," said Kerry Condon, the union president and a veteran homicide detective, who prosecutors credit with uncovering the alleged scheme.
October 5, 2012 |
WASHINGTON -- Uncle Sam is in your debt -- to the tune of more than $16 trillion and counting. But Americans have been voluntarily contributing to help pay the government's IOU, donating in excess of $7 million in the just-completed fiscal year, despite a tough economy. Lawmakers want to make it even easier for patriotic folks to contribute. The House recently approved and sent to the Senate legislation that would establish a check-off box on income tax returns for voluntary donations to pay down the debt.
September 22, 2012 |
With just 46 days to go, the presidential race has entered the hammer-and-tongs phase. From here on, it's a day-to-day messaging war, with President Obama and challenger Mitt Romney taking dramatically different views on how the fall campaign conversation should be framed. Here's a quick look at the topics that each of the two sides would like to take up in the 12 days before Oct. 3, the date of the first presidential debate. POLITICAL CARTOONS: Horsey's Top of the Ticket Obama would like to talk about: The 47%: Romney's videotaped comment about the “victim” 47% of Americans who are dependent and “unwilling to take responsibility for their lives.” Romney has tried to remold his language (secretly videotaped in May)
September 21, 2012 |
LAS VEGAS - Mitt Romney will release his 2011 tax return Friday, as well as a summary of his returns for the past two decades, the campaign announced. In 2011, Romney and his wife, Ann, reported $13.7 million in income, mostly investments, and their tax rate was 14.1%, or $1.9 million. The couple donated $4 million to charity, but didn't take the full deduction to remain true to a Romney statement in August that he paid at least 13% in taxes in recent years, according to a blog post by Brad Malt, the trustee of the Romneys' blind trust.
September 21, 2012 |
Mitt Romney paid $1.9 million in federal taxes in 2011 on income of $13.7 million, an effective rate of 14.1% that reflects the Republican presidential candidate's dividends, capital gains and other returns that are assessed at some of the lowest tax rates. Romney's tax return, which he released Friday, showed that he boosted his effective tax rate by not declaring all of the $4 million in charitable contributions that he made during 2011, instead only reporting $2.3 million. By doing so he stayed consistent with an earlier public statement that his tax rate for the year would not drop below 13%. The return does little to fundamentally change the perception of Romney's finances.
September 18, 2012 |
WASHINGTON -- The end is near. That is, the final days of the congressional session before the election. Reelection-minded lawmakers are scrambling to bring their pet causes up for votes before hitting the campaign trail. Among those causes: creating a check-off box on tax returns for voluntary contributions to pay down the national debt and recognizing the sites that developed the atomic bomb . Congress may have been labeled a do-nothing institution, racked by bitter partisanship, but it's nonetheless managed to pass legislation - even if that legislation has dealt with matters less consequential than the looming "fiscal cliff.
CALIFORNIA | LOCAL
September 6, 2012 |
As Gov. Jerry Brown mulls whether to sign into law another round of subsidies for Hollywood production companies, the question that confronts him is how much each job on a movie set is worth to taxpayers. In Massachusetts, lawmakers recently discovered a similar program was much more expensive than they thought. After years of subsidizing film productions without looking too closely at how that was helping the economy, state officials put it under a lens and found that taxpayers were spending as much as $300,000 to bankroll each position.
September 4, 2012 |
CHARLOTTE, N.C. -- Michelle Obama delivered an affectionate tribute to her husband Tuesday night as a man of courage and unshakable conviction, putting a warm gloss on an opening convention program filled with harsh attacks on Republican Mitt Romney. “I didn't think it was possible, but today I love my husband more than I did four years ago. Even more than I did 23 years ago, when we first met,” the first lady said in a prime-time speech carried live by the major TV networks.