Charges for maintaining investment accounts may include annual fees to allow the institution to cover expenses even if very few commission-generating activities, such as stock trades or fund transfers, take place on that account.
Caltrans Launches Pilot Program to Study State Mileage Tax for Road Maintenance. A Caltrans pilot program is underway to study a mileage tax for California drivers instead of the current gas tax to pay for road maintenance. The gas tax drivers pay at the pump has been working well for decades.
The Domestic Production Activities Deduction (DPAD), an often overlooked tax deduction, is available for use on our federal tax return, but California does not allow this deduction. Businesses that qualify can take a tax deduction of 9 percent of income against 2014 taxes, and there is talk in Congress of increasing the incentive.