Monthly Archives: July 2006

Where There’s Smoke, There’s a Tax

Posted on July 21, 2006 by Russ

Pity the smokers in California, home of one of the US’s top cigaratte tax rates. Why not buy the cigarettes over the Internet and save on the tax? That’s not a bad idea, except that the Board of Equalization, California’s … Continue reading →

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Waste Not, Want Not

Posted on July 21, 2006 by Russ

Today the Citizens Against Government Waste came out with their list of wasteful and not wasteful legislators. Given Congress’ propensity to spend on pork, this is an interesting list, and you can find it here. My Congressman, John Campbell, gets … Continue reading →

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Hovind Pleads Not Guilty; Dinosour Land Defunct

Posted on July 18, 2006 by Russ

Kent Hovind, who we wrote about last week, has pled not guilty to 58 counts (mainly tax fraud). His trial was set for September 5th. Hovind claims he’s employed by God; among the charges are violations of bank reporting requirements … Continue reading →

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Changing Planes Can Be Hazardous to Your Wealth

Posted on July 18, 2006 by Russ

Almost everyone prefers to fly nonstop rather than changing planes. However, sometimes we just can’t avoid it. Seasoned travelers have learned to avoid certain airports when changing planes because of delays. For one traveler, that delay may end up as … Continue reading →

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Demotion In Italian Soccer Scandal

Posted on July 15, 2006 by Russ

Italy may have won the World Cup, but it’s soccer scandal continues. Three teams have been demoted from Italy’s top league, Serie A, to Serie B. Juventus, of Turin, Fiorentina, and Lazio, of Rome, were all thrown into Italy’s “Junior … Continue reading →

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It’s Going, Going, Gone…To Court?

Posted on July 15, 2006 by Russ

It’s rare when we get to talk about the sports world on this blog. However, there are a couple of stories that are worth some discussion. Barry Bonds, home run hitter extraordinaire, and alleged steroid/performance enhancing drug user, appears to … Continue reading →

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“Tax Relief Is Good. Taxes Are Bad.”

Posted on July 14, 2006 by Russ

If you’d ask John Q. Public his opinion on taxes, the answer you would receive would probably be the title of this post. And politicians who forget this are usually in for a surprise. This November Californians will vote for … Continue reading →

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IRS Digital Fraud Detection System Out of Order

Posted on July 14, 2006 by Russ

The IRS acknowledged that the system they use to detect digital fraud was not updated before the 2006 tax year. This failure may have led to $300 million being paid in bogus tax returns. The “Electronic Fraud Detection System,” or … Continue reading →

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California Fights Back Against Nevada; Will It Matter?

Posted on July 14, 2006 by Russ

According to this news story, California will soon unveil a $600,000 ad campaign to fight back at Nevada’s attempt to lure California businesses. California, according to the new ads, is, “…the place where the smartest companies are located.” While this … Continue reading →

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The Week in Tax Crime

Posted on July 14, 2006 by Russ

While I scampered about on my recent trip, plenty of tax crooks were being led away. Here’s the weekly update: As reported last week, bad news is piling up for Kent Hovind. After his defeat in Tax Court, he found … Continue reading →

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