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In Distressed Economy, Spaniards Are Trading Traditional Commerce for Bartering

When you don't have any cash, swapping an hour of moving boxes for a lift to your relatives' place is pretty attractive.

Bartering, that old process of swapping stuff with other people in an ad hoc way based on who needs what, is actually been having a bit of a moment in troubled Spain, reports the Wall Street Journal:

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Refund or Bust: The Conclusion of Wealth Club's Tax Guide

The final installment of our tax filing trilogy takes you right down to the refund wire.


In our financial advice column for the centsless, Michael Fleck fields questions on how to get your money right.

Refill that drink, it’s time for part three of our tax tutorial. Two weeks ago, we laid the groundwork. Last week, we started working through the tax filing process by examining the 1040, the main tax form for individual filers. Today, we’re going to go through the second half of your 1040—deductions and credits—to figure out what you owe the government, or what the government owes you.

Remember, we’re starting with your adjusted gross income, which determines whether you qualify for certain tax credits. It’s also used outside of the world of taxation—on your FAFSA, for example, when you apply for educational financial aid. Just like last week, we’re going to go through the 1040 line-by-line so you can see what’s happening below the surface, but for a simple return, check out online tax services at TurboTax, TaxACT, or H&R Block.

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Obama IRS Audits Millionaires Far More Than Bush IRS

Despite extending the Bush tax cuts for millionaires, Obama goes after wealthy tax cheats pretty hard.

In March 2009, a New York Times article noted that the IRS audited only about four of every 100 millionaires in the year 2008—this was despite the fact that there were more millionaires than ever that year. Three years and a different president later, that's changed quite a bit.

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