Retail sales rise 0.6 percent in February
Commerce Department data show February retail sales up 0.6 percent led by a 2.7 percent jump in auto sales. Clothing electronics and department stores gained while furniture and health shops fell. Job market concerns and tax refunds shape growth outlook for 2004.
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IRS audits rise for high income taxpayers in latest report
Washington AP The IRS boosted audits of individuals and couples earning over 100000 with emphasis on 250000 plus Yet audit odds remain low with only about 1 in 95 big earners audited Overall audits rose to about 1 in 153 returns from 1 in 174 the prior year The agency highlighted offshore accounts and noted corporate audits fell for the eighth straight year Everson cited funding and complexity as factors and noted 355 billion recovered in collections the most in a decade
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