November 20, 2008
$100M tax cut favored, dropping food tax is not
The Senate Republican Caucus voted Thursday to support a $100 million tax cut, but probably will oppose elimination of the sales tax on groceries, said Senate President John Valentine. Removing the grocery tax would cause a $167 million loss in tax revenues that would make other legislative goals impossible, Valentine said, including road building and increased education funding.
Selling laggard mutual funds now could soften your tax bite later
Tax season is a long way off, but if you have mutual funds that contain small-company or foreign stocks here's a heads up: Best start thinking of ways to minimize the tax jolt you could face next spring.
Sir Elton in penthouse tax battle
Sir Elton John sues tax authorities in Georgia, claiming they overvalued his apartment.
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