I require a Late Filing Interest and Penalty rate table for all the States for tax year 2010 to make it simpler for me to calculate it. Can anyone get it for me. I have tried the Tax Almanac website but they give out only Underpayment rates.

Thanks,

Nick

Divorce Filing Reveals How the Rich Stay RichUpdated: 2 hours 23 minutes ago
Print Text Size E-mail MoreScott Martelle

AOL News LOS ANGELES (Feb. 24) — As F. Scott Fitzgerald once wrote, “The rich are different from you and me” — and apparently never more so than at tax time.

Legal papers filed in connection with the high-profile divorce here of Jamie and Frank McCourt, whose portfolio includes the Los Angeles Dodgers baseball team, show that the couple took in $108 million from 2004 to 2009 and didn’t pay a penny in income tax, according a Los Angeles Times report.

Vince Bucci, Getty Images
Frank and Jamie McCourt, here in 2008, are locked in a high-profile divorce battle.
The McCourts made their money in real estate, primarily in Boston, before buying the team in 2004. So rancorous is the divorce that even the team’s ownership is in contention. Frank McCourt claims he owns the team individually; Jamie McCourt claims she owns half.

The McCourts apparently used legal tax mechanisms, including depreciating property, to offset the income. But that isn’t likely to make the news any more palatable for people affected by high unemployment, record home foreclosures and tanked retirement accounts.

Or, for that matter, for Dodgers fans. The team announced this week it is raising ticket prices for the coming season.
Filed under: Nation, Money, Sports

I think we’re all frustrated right now. So many things have become so large that no one seems to know what the correct answers are. Unfortunately, our political leaders are so polarized they can only think in immediate terms related to getting reelected. Try to stay calm as things have a way of working out in time.

First, I’m very sorry to hear about your cousin being killed in Iraq. Let’s hope that in the long run he died for a good cause. We won’t really know for many years down the road. And, thank you for serving in our military.

Yes, there is a lot of oil shale in the mountains out in Colorado. However, it is very expensive to turn into usable oil. Also, I don’t think the people of Colorado want that kind of mining in their state. Their is still too much oil in the world for companies to deal with oil shale at this time. Eventually, some alternative forms of power will have to be used.

Jobs were shipped over seas to countries like China, Viet Nam, etc., because big companies pushed for gobalization. That let them produce goods with cheap labor. Unfortunately, that meant job losses for Americans who were used to nice wages. It’s probably not going back to the way it was. Global competition won’t allow American companies to be profitable with expensive labor. America needs to invest heavily in areas where we can compete. High tech is one area. Again, unfortunately, education does not seem to be a priority of most Americans. We seem to be too self centered and concerned about our own individual welfare to think in terms of what’s good for the country and future generations.

I know the immigration issue really really irritates people. It’s just something that has to be dealt with with great care. As mentioned previously, there is a huge (and growing) Hispanic voting bloc in America. That’s not going to change. So, some sort of compromise has to be worked out to deal with the issue. That’s just the way it has to be whether we like it or not.

I agree with the idea of term limits. I also think there should be NO lobbying of any sort. Businesses should not be allowed to contribute to campaigns. There has to be a better way of electing people to make important decisions.

Yes, everyone is getting really frustrated. I agree with many of the things you said but the reality is some things are not so easy to fix. At least not as easy as you might think. There’s plenty of blame to go around. You were wise to warn your employees and friends not to mortgage their homes to the max. They learned a good but expensive lesson. Individuals on both sides of the mortgages were to blame in most cases. The lenders were greedy as were the borrowers.

With respect to taxes, let me say, it’s easier to give people things than to take them away. We’ve been giving people things (benefits, entitlements, etc.) since after WWII. Neither party wants to be seen as taking away these things because they will lose power. They are going to wait until the very last second to take action. As an example, everyone knows Americans can’t go on buying medical insurance with premiums rising way faster than wages. It just can’t go on. Of course, those with good company paid insurance or Medicare don’t want to make any sacrifice for those who don’t. So until more people become hurt by this situation than those not hurt, things can’t change.

I mentioned before that the biggest part of any welfare budget is NOT cash assistance but medical assistance. BY FAR. You can’t make sick or old people in nursing homes go to work. Many working poor also receive medical assistance because their employers don’t offer insurance or they can’t afford the premiums. Yes, able bodied people should work, and many do since Clinton passed legislation forcing them to, for any assistance received but that won’t even put a small dent in welfare. Believe me, I worked in that business for 30 years. IT’S ALL MEDICAL ALL OF THE TIME. Welfare makes great TV theater, however. It’s an emotional issue that garners votes.

The problem of illegal immigration is a tough one created over many decades by lax rules and lax enforcement. Businesses love the cheap labor and American consumers love cheap prices. As an example, you’d be hard pressed to find a home built here in Arizona that wasn’t largely built by Hispanics. Many, I’m sure, were illegal. It’s a tricky problem now because so many Hispanics have become LEGAL citizens over the past 60 years that they represent a huge voting bloc that both parties are afraid of. Rightly so.

With respect to the ideas and solutions put forth in the thread you posted, I can only say it’s really too simplistic in today’s world. I absolutely hated the idea of war in Iraq and Afghanistan. However, what do you think would have happened if we did not go in? My guess is Al Qaeda would be much stronger right now. It would slowly topple other weak or corrupt governments and that would eventually threaten the U.S. Yes, many of our so called allies are selfish wimps. However, many of the countries that would be included on list number 2 are poor countries with little or no expertise at fighting wars. There are, however, many who should be helping. The biggest being Russia and China who have potential problems with insurgent movements in their own countries. But, they know the U.S. has little choice but to fight against the extremists.

I found some of the things in the thread amusing. The deal about the parking tickets was funny and the issue about drilling in Alaska was, too. The oil in Alaska will not provide American with its energy needs for decades. It would satisfy one small piece of our need at the risk of who knows what damage in a pristine environment. Alaska is a national treasure bought on the cheap. I am, however, open to looking at that situation more closely. By the way, we are hunting down terrorists every day. But, it’s not easy.

Problems in today’s world are very complex and frustrating. People want simple solutions and they want them now. It is not going to happen like that. It’s always a painful ugly process. Most of the problems in today’s world can be boiled down to (in my opinion) greed (business and personal), ignorance, rabid nationalism/tribalism, and religion. It won’t be easy changing of any of those things.

WOULDN’T IT BE GREAT TO TURN ON THE TV AND HEAR ANY U.S. PRESIDENT, DEMOCRAT OR REPUBLICAN GIVE THE FOLLOWING SPEECH?

“My Fellow Americans: As you all know, the defeat of the Iraq regime has been completed.

Since congress does not want to spend any more money on this war, our mission in Iraq is complete.

This morning I gave the order for a complete removal of all American forces from Iraq This action will be complete within 30 days. It is now time to begin the reckoning.

Before me, I have two lists. One list contains the names of countries which have stood by our side during the Iraq conflict. This list is short . The United Kingdom , Spain , Bulgaria , Australia , and Poland are some of the countries listed there.

The other list contains every one not on the first list. Most of the world’s nations are on that list.. My press secretary will be distributing copies of both lists later this evening.

Let me start by saying that effective immediately, foreign aid to those nations on List 2 ceases immediately and indefinitely. The money saved during the first year alone will pretty much pay for the costs of the Iraqi war. THEN EVERY YEAR THERE AFTER IT’ll GO TO OUR SOCIAL SECURITY SYSTEM SO IT WONT GO BROKE IN 20 YEARS.

The American people are no longer going to pour money into third world Hell holes and watch those government leaders grow fat on corruption.

Need help with a famine ? Wrestling with an epidemic? Call France .

In the future, together with Congress, I will work to redirect this money toward solving the vexing social problems we still have at home . On that note, a word to terrorist organizations. Screw with us and we will hunt you down and eliminate you and all your friends from the face of the earth..

Thirsting for a gutsy country to terrorize? Try France or maybe China .

I am ordering the immediate severing of diplomatic relations with France ,

Germany , and Russia .. Thanks for all your help, comrades. We are retiring from NATO as well. Bonnechance, mes amis.

I have instructed the Mayor of New York City to begin towing the many UN diplomatic vehicles located in Manhattan with more than two unpaid parking tickets to sites where those vehicles will be stripped, shredded and crushed. I don’t care about whatever treaty pertains to this. You creeps have tens of thousands of unpaid tickets. Pay those tickets tomorrow or watch your precious Benzes, Beamers and limos be turned over to some of the finest chop shops in the world. I love New York

A special note to our neighbors. Canada is on List 2. Since we are likely to be seeing a lot more of each other, you folks might want to try not pissing us off for a change.

Mexico is also on List 2 its president and his entire corrupt government really need an attitude adjustment. I will have a couple extra thousand tanks and infantry divisions sitting around. Guess where I am going to put ‘em? Yep, border security.

Oh, by the way, the United States is abrogating the NAFTA treaty – starting now.

We are tired of the one-way highway. Immediately, we’ll be drilling for oil in Alaska- which will take care of this country’s oil needs for decades to come. If you’re an environmentalist who opposes this decision, I refer you to List 2 above: pick a country and move there.

It is time for America to focus on its own welfare and its own citizens. Some will accuse us of isolationism. I answer them by saying, ‘darn tootin.’

Nearly a century of trying to help folks live a decent life around the world has only earned us the undying enmity of just about everyone on the planet. It is time to eliminate hunger in America It is time to eliminate homelessness in America . To the nations on List 1, a final thought. Thank you guys. We owe you and we won’t forget.

To the nations on List 2, a final thought: You might want to learn to speak Arabic.

God bless America .. Thank you and good night.”

That’s my rant thanks sorry for so long have alot on my mind.

I disagree with your assessment/solutions to our economic problems. For me to further elucidate my position on these issues would be a waste of time as there is no room in your consciousness for rational discussion. Your modus operandi is to bully, incite,and name call. NOTHING in your posts has any more validity than anything I wrote. They were YOUR opinions shaded with YOUR emotions whether you realize it or not. Opinions are just that, OPINIONS, whether they are yours or someone else’s that you have latched onto. Even the brightest economic minds have opinions lined up against those opinions. No one is the repository of incontrovertible truth. I sure hope you learn that in life.

For your information, I know quite a bit about business and finance. I built a successful business over a period of 10 years and sold it for a very nice profit before retiring. I did that while working a full-time job for another employer. I really don’t need a lecture on finance and business from some young know-it-all who lacks respectful communication skills.

This will be my last post to you as the board does not need to be burdened with this dialogue any further.