When President Obama released his 2014 budget for the federal government on Wednesday, much of it was spreadsheets and tables. But one corner of NASA's budget looked like something out of a movie script.
The tax code is full of complicated loopholes and deductions that require professional translation. So I called a bunch of accountants and tax lawyers and asked them: What are your favorite, most confusingly named deductions — and what do they actually mean?
Intangible Drilling Costs
"The government will pay you to dig a hole in the ground," says Howard Rosen, a CPA in St. Louis. "You can write it all off immediately."
Originally published on Tue April 23, 2013 3:59 pm
During and after national tragedies like the school shooting in Newtown, Conn., journalists in newsrooms across the country search for new ways to cover national issues at a local level. Prompted by a challenge from the Dallas mayor, NPR Member Station KERA found a new area of the debate untouched by the majority of the media in their area.
It's ALL THINGS CONSIDERED, from NPR News. I'm Audie Cornish.
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And I'm Melissa Block. A stunning revelation today from a member of Congress. It came from Republican Doug Lamborn, of Colorado, during an exchange on Capitol Hill with Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff. Lamborn cited a Defense Intelligence Agency report on North Korea's military capability, one that had not yet been released. Here's what Rep. Lamborn said.
Currency traders were stunned last week by aggressive action from Japan's central bank. The Bank of Japan embarked on a bond-buying program that, by one measure, is twice the size of the extraordinary moves by Ben Bernanke and the Federal Reserve in the United States. The BOJ's move is an effort to shock the Japanese economy out of more than a decade of sluggish growth and deflation.
"A man of genius makes no mistakes," James Joyce wrote in Ulysses. "His errors are volitional and are the portals of discovery." Looks like Ireland's Central Bank has taken that message to heart.
The bank announced Wednesday the launch of a limited-edition coin to honor the Irish writer. The coin features a portrait of Joyce and a quotation from Ulysses, arguably his most famous novel. Trouble is Joyce was misquoted.