BUSINESS
April 25, 2010 | By Jerry Hirsch, Los Angeles Times
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.
OPINION
May 14, 2012
Most voters have by now received their sample ballots, and those who plan to vote by mail are sending in their applications. The June 5 election is underway right now. It is noteworthy for several reasons. Los Angeles County voters will be selecting a new district attorney, and this is the first time since 1964 that there is no incumbent trying to hold onto the seat. The field is wide open. To win outright in this nonpartisan race, a candidate must get more than 50% of the vote.
BUSINESS
May 18, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Eduardo Saverin fled Brazil as a boy and lived the American dream by helping found Facebook Inc. Now two U.S. senators want to make sure he never sets foot in the U.S. again unless he pays tens of millions of dollars in taxes he will owe after the company's initial public offering Friday. Saverin renounced his U.S. citizenship this year and is living in Singapore, a country with no capital gains tax. Sens. Charles E. Schumer (D-N.Y.) and Bob Casey (D-Pa.) denounced him Thursday as a tax dodger and introduced legislation to punish anyone who gives up citizenship to duck big tax bills.
REAL ESTATE
September 19, 2004 | Jeff Bertolucci, Special to The Times
When Gary Teunissen decided to add 400 square feet to his 40-year-old ranch home in Orange, he realized the extra space created by extending the kitchen and enclosing a breezeway would boost his annual property tax bill by about $500. "The key decision was whether to remodel or buy," said Teunissen, a financial analyst for a national home builder. "The property tax issue was a big part of my analysis."
BUSINESS
August 5, 2006 | James Gilden, Special to The Times
Every time you rent a car at Dallas/Fort Worth International Airport, you are paying a tax that helps reduce local property taxes in Euless, Texas, the airport's home city. You are also paying for new NHL and NBA arenas. Renting a car in Charlotte, N.C.? Your taxes go to fund a downtown arts center. In Milwaukee, the latest municipality to increase car rental taxes, where is the money going? Toward a study to make recommendations about local mass transit options.
BUSINESS
June 15, 2009 | MICHAEL HILTZIK
The most persistent misconception about Californians is that we hate to raise taxes. The truth is that we adore raising taxes -- as long as someone else is paying, that is. So nonsmokers vote to raise cigarette taxes, teetotalers to raise liquor taxes. The middle and working classes want to hike taxes on the rich, who are happy to return the favor. Yet this only compounds the mystery of why we're so resistant to raising taxes on perhaps the biggest, fattest target of all: the oil industry.