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[VIDEO] Explanation of Deficit and Debt Ceiling

by on 30. Jul, 2011 in Finance, Money, Politics, U.S, Videos

Deficit is defined as the amount by which government’s spending exceeds its income over a particular period of time. Debt ceiling is defined as the maximum amount of debt that a government can take on. U.S. government will default on August 2nd if the debt ceiling is not raised. This video explains the ins and [...]

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Graduate Degree in Taxation

by on 03. May, 2011 in Bay Area, Finance, Personal Life, U.S

After being confused between CPA and Masters degree for quite sometime, I leaned towards Masters degree because of interest in subject and convenience. There is a lot more to tax than one might think; it’s literally another language. Convenience because I will be attending Golden Gate University, couple blocks from where I work in downtown [...]

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Don’t Junk It, Donate It

by on 02. Aug, 2010 in Finance, Money

Instead of towing your car to the junk yard, consider donating it to a charity for maximum tax write off and good karma. In most cases, even if your car is not running, you can still donate it and get a tax deduction of $500 if you itemize. Donating a car can be little tricky [...]

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