Tax Exemptions Explained

Section 151 of the Internal Revenue Code establishes the personal exemption (exemption). In 2017, the exemption is $4,050.

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Republicans Care Way More About Banks Than us

The verdict for this episode is: class action lawsuits are easily the best way to protect consumers cheated by financial institutions.

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Consumers Could Lose Again

You have a hundred dollars in your account. You pay 20 dollars for gas. Later, you pay 30 dollars for a medical copay. Finally, you pay $110 for groceries. If you were a customer of Wells Fargo, the bank would reorder the transactions so that the grocery purchase appeared to have been made first. By doing so, the bank could charge you three separate overdraft fees ranging from 25 dollars to 35 dollars each.

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