Even though debit cards can be used almost anywhere credit cards are accepted, there are key differences.
CASH FLOW: Unlike credit cards (which allow you to carry a balance if desired), debit cards are tied directly to your bank account, making debit cards a good choice to prevent you from spending more than you have.
SAFETY: Like credit cards, debit cards have fraud protections, but your liability depends on how quickly you report it. Recovering funds stolen via your debit card can take days or weeks.
BENEFITS: Debit cards typically don’t offer reward programs. And if your bank regards debit card purchases as cash transactions, you might not be able to dispute undelivered goods or services.
A version of this story appears in the May/June 2014 issue of AAA Living magazine.
The Topeka NAACP recruited the plaintiffs with Oliver Brown as the named plaintiff in the suit. Photo: The plaintiffs of BrownVsBoard and their children (1/1/1953) (Carl Iwasaki/LIFE magazine/Getty)
The Brown v. Board of Education led to the positive ruling of related Bolling v. Sharpe case
Photo: Spottswood Thomas Bolling Jr. and his mother Mrs. Sarah Bolling. © The Washington Post
NAACP’s Legal Defense Fund and lead attorney on the Briggs case, with George E. C. Hayes (left) and James M. Nabrit (right) standing on the steps of the Supreme Court congratulating each other after the Court’s decision declaring segregation unconstitutional.
Trap #2: Line 6 – Tax calculations for recent buyers and sellers
If you bought or sold a home in the middle of the year, figuring out what to put on line 6 of your Schedule A Form is tricky. Don’t simply enter the number from your property tax bill on line 6 as you would if you owned the house the whole year. If you bought or sold a house in midyear, you should instead use the property tax amount listed on your HUD-1 closing statement, says Phil Marti, a retired IRS official.
Here’s why: Generally, depending on the local tax cycle, either the seller gives the buyer money to pay the taxes when they come due or, if the seller has already paid taxes, the buyer reimburses the seller at closing. Those taxes are deductible that year, but won’t be reflected on your property tax bill. (Houselogic 1/30/14)
This is too true to be funny.
The next time you hear a politician use the
Word ‘billion’ in a casual manner, think about
whether you want the ‘politicians’ spending
YOUR tax money.
A billion is a difficult number to comprehend,
But one advertising agency did a good job of
Putting that figure into some perspective in
One of its releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only
8 hours and 20 minutes,at the rate our government is spending it.
While this thought is still fresh in our brain…let’s take a look at New Orleans ….It’s amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) was asking Congress for 250 BILLION DOLLARS to rebuild New Orleans . Interesting number…What does it mean?
A. Well .. If you are one of the 484,674 residents of New Orleans
(every man, woman and child) You each get $516,528
B. Or… If you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.
C. Or… If you are a family of four… Your family gets $2,066,012.
Washington , D.C —-HELLO! Are all your calculators broken??
Building Permit Tax
CDL License Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax (Fed)
Federal Unemployment Tax (FU TA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Hunting License Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Marriage License Tax
Real Estate Tax
Service charge Taxes
Social Security Tax
Road Usage Tax (Truckers)
Recreational Vehicle Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
(And to think, we left British Rule to avoid so many taxes)
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago…
And our nation was the most prosperous in the world.
We had absolutely no national debt…We had the largest middle class in the world… And Mom stayed home to raise the kids.
What happened? Can you spell ‘politicians’!
And I still have to Press ‘1’ For English.
I hope this goes around the USA At least 100 times- What the has happened to our country?????
Governor Nathan Deal delivered his State of the State Address, where he discussed his legislative goals for the 2014 session, on Wednesday morning. Deal outlined his plans for the annual state budget for fiscal year 2015, which begins July 1st. With an expected increase in state revenue, the Governor and General Assembly are able to discuss restoring prior funding cuts.
Some highlights from the Governor’s Budget include:
$35 million in bond funds for Savannah Harbor Expansion Project (completing Georgia’s portion of the total funding for the SHEP project).
$97 million for growth in Medicaid and PeachCare and $101 million for increased expenses resulting from the Affordable Care Act.
$6.5 million in additional HOPE Grant funding for the Technical College System of Georgia to pay 90% tuition under the Strategic Industries Workforce Development Grant.
$4.5 million increase for the Technical College System.
$23 million increase for University System.
$315 million increase for local school systems.
$175 million in bond funds for higher education construction and maintenance.
$39 million provided for performance raises for state agency employees.
1. There is a cap of 3% on the points and fees that lenders can charge for loans > $100,000 (the cap is $3k if loan amount $60-100k). Lenders are able to charge up to two “bona fide” additional discount points to buy down the rate. Any up-front PMI over FHA’s up-front 1.75% amount has to be included in the 3% calculation. This 3% cap is not a good thing and is going to give the consumer fewer mortgage options moving forward.
2. ARM loans must be underwritten at whatever the maximum possible loan rate will be over the first five years of the loan. Expect to see most 3/1 ARM programs go away.
3. Another victim of this law is the Conventional 3% down loan. The minimum down for all Conventional loans moving forward will be 5%.
A garment factory that manufactures products for international clothing companies collapsed outside of Dhaka, Bangladesh, last month, killing more than 400 workers and injuring scores of others. It came on the heels of a fire at another factory in November 2012; that incident killed 112 workers.
Factories like these in Bangladesh pump out what author Elizabeth Cline calls “fast fashion,” or clothes made on the cheap by big chains such as H&M, Zara, Esprit, Lee, Wrangler, Nike, J.C. Penney and Wal-Mart.
For the consumer, it’s not always easy to connect the conditions of these factories to the labels on one’s clothes. Cline, however, thinks that with this tragedy we may have reached a crossroads in the conversation about fashion and how we can more responsibly consume it. CLICK HERE OR THE LINK TO LISTEN TO THE ENTIRE INTERVIEW-