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Home>2004 Federal Tax Rates
2004 Federal Tax Rates
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Federal Reserve leaves key rate unchanged at 2 percent (Tucson Citizen) WASHINGTON - The Federal Reserve decided Wednesday to leave a key interest rate unchanged, bringing an end to a string of consecutive rate cuts. High Growth Forecasted for the World Car Rental Business Market (Marketwire via Yahoo! Finance) Reportlinker.com announces that a new market research report related to the Vehicles renting industry is available in its catalogue. Capital gains tax on a home (Bankrate.com via Yahoo! Finance) When an owner-financed mortgage is refinanced, capital gains tax may not be due, says CPA George Saenz. Federal prison proposed for Nacogdoches (The Daily Sentinel) By acquiring the rights to property on Northwest Stallings Drive Thursday, a private development company seeking a contract to build a federal prison in Nacogdoches took the first steps toward construction of a $60 million to $80 million minimum security detention facility that would house illegal immigrants for the Federal Bureau of Prisons. States turn down federal abstinence education grants (Casa Grande Dispatch) Arizona and Iowa have announced their intentions to forgo their shares of the abstinence-only funding at the start of the fiscal year that begins Oct. 1. Bob Benenson's Jigsaw Politics: The Congressional Hotbeds (CQPolitics.com via Yahoo! News) The previous Jigsaw Politics provided a Top 10 list of the "All-Around Battleground" states -- this year's hottest of political hotbeds, where the Democrats and Republicans will stage pitched battles both for president and for other major offices. States turn down US abstinence education grants (Journal Inquirer) WASHINGTON — The director of a federal abstinence-only education program is a man who sees the glass as half-full. Though the states participating in the $50 million program have dropped steadily over the past two years, Stanley Koutstaal points to the 28 still in. Existing-homes sales rise; GDP growth revised up (Reuters via Yahoo! News) Sales of previously owned U.S. homes rose in May and the glut of homes for sale shrank, but prices were off sharply from a year ago, suggesting the housing sector remains a big weight on the economy. States Opt Out of Millions in Federal Abstinence $$ (Fox News) Skeptical states are shoving aside millions of federal dollars for abstinence education, walking away from the program the Bush administration touts for slowing teen sexual activity. Expert: George Saenz, CPA (Bankrate.com) Dear Tax Talk, I sold my house to my friend in 2004 with owner financing, and purchased another house where I live now. My friend wants to refinance for $300,000, which is what he owes me. If I get this money, will I pay taxes, and how much? If it is a lot, how can I reduce the taxes?
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