The IRS has spoken. Can you deduct your 2018 property tax prepayments?

Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Please follow and like us:

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Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

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Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

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5 Ways Congress Fell Short in Spending Your Money in 2017

As 2017 comes to a close, it’s worth remembering that America’s mountain of debt continues to grow. Here are five key facts about federal spending in 2017 to remember: 1. The deficit reached $666 billion. 666 is known by many as the number of the beast in the book of Revelation in the New Testament. In… Please follow and like us:

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Apple apologizes for slowing iPhones, offers discounted batteries

Apple on Thursday apologized to its customers for slowing down performance of older iPhone models and said it would discount replacement batteries for some of its handsets. The move by Apple responded to an uproar from iPhone users — and a series of lawsuits — after news of the battery problems stoked concerns the company was… Please follow and like us:

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William Bozeman, Federal Reserve in patent fight over fraud detection software

William Bozeman, an independent inventor with a colorful history, says he used to have a good relationship with the Federal Reserve System and even helped improve its fraud detection efforts. He thought the Fed was working toward a licensing deal for some of his software, which he said could help spot fraudulent checks earlier than the… Please follow and like us:

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Apple CEO Tim Cook Uses Private Jet For All Travel

Being the head of the most profitable company in the world has its perks. Apple CEO Tim Cook reportedly does all his traveling—both personal and business related—using private jets, AppleInsider reported. The decision to fly private is undoubtedly a luxury but Cook actually doesn’t have much say in the matter. Apple’s board of directors mandates that… Please follow and like us:

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Secretary of State: Americans Should Be ‘Encouraged’ with US Diplomatic Efforts

U.S. Secretary of State Rex Tillerson has touted the diplomatic accomplishments of President Donald Trump’s administration this year, saying “Americans should be encouraged” by its dealings with the U.S.’ “greatest security threat,” North Korea, along with China and Russia. In an Op-Ed published Thursday in The New York Times, Tillerson wrote that Trump “abandoned the failed… Please follow and like us:

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Anti-Trump, Brexit doomsayers: We were wrong

Historically, it seems, the prospect of a freer economy in which business owners have fewer restrictions and workers keep more of their wages brings out the harbingers of doom. It was no different when British voters chose to leave the increasingly suffocating European Union and Americans elected businessman Donald Trump. Out came the predictions of a… Please follow and like us:

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Bitcoin Is an Implausible Currency

Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous column I tackled the question of whether… Please follow and like us:

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Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

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Crude Oil Price Hits May 2015 High At $67 Per Barrel

Oil price wednesday hit $67 per barrel for the first time since May 2015, before dropping to $66.27 despite the supply disruptions in Libya and the North Sea. The prices of both crude futures fell after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of… Please follow and like us:

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Bay Area home prices: yet another record high in November

Dashing wannabe home-buyers’ dreams yet again, the Bay Area’s jaw-dropping home prices soared still higher in November — setting a new record. The median price for Bay Area homes last month was $787,000 — up 1.5 percent from the month before, and up 12.6 percent from the same time last year, according to new data on… Please follow and like us:

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Americans’ declining economic mobility is reflected yet again in fewer moves into new houses and apartments

Despite a long recovery and record streak of job growth, the share of Americans moving to a new location continued a steady decline in 2017, reaching a new post-World War II low, an indicator of a less mobile workforce that reflects both an aging society and economic problems facing younger workers. The decline marked the fifth… Please follow and like us:

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These liberals are angry corporations are giving out bonuses

Nancy Pelosi Last week, Speaker Paul Ryan said he believes the Republican tax bill would help workers. Today’s Savannah Guthrie asked Ryan, “Are you living in a fantasy world?” quoting tax plan critic, former New York City Mayor Michael Bloomberg. Savannah Guthrie challenging Speaker Ryan on the #GOPTaxScamBill: “Are you living in a fantasy world?” Yes,… Please follow and like us:

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