Market declines as Dow slips below 860 after heavy trading
The Dow Jones Industrial Average falls 4.23 points to 851.56 on 1,431 issues with 738 declines and 471 advances. The tape shows a broad market retreat amid rising housing starts and solid Q4 earnings, while technicians expect a possible retest of lower levels before a renewed rally.
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Tax disparity for singles versus married under 1940s law continues
AP analysis notes single earners face higher federal income tax than married couples at identical incomes. The gap grows with income, peaking around $24,000 taxable income, where married filers owe $5,560 and singles $8,030, a 2,470 difference or 29.5 percent more for singles. The piece traces history to 1948 tax splitting, SON, and ongoing reform debates.
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Ews
NEW York
Carloadings Decline Across U S Railroads Week
The Association of American Railroads reports last week freight traffic at 15.4 billion ton miles, down 1.05 percent from the previous year. Freight cars loaded totaled 499,811, an 18 percent drop from the prior week and 6.5 percent from the same week last year. Piggy back loadings rose 5.2 percent to 21,138 for the week ended February 5.
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