Monthly Archives: November 2008

Another Resource for the Tax Protester

Posted on November 17, 2008 by Russ

Every so often I get a phone call from someone who tells me, “Now Russ, I know that paying the income tax is completely voluntary and I don’t really have to file.” Or it might go like this: “Russ, I’m … Continue reading →

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Bozos and Brothels

Posted on November 16, 2008 by Russ

Two stories tonight, one from Tulsa and one from England; they both illustrate Bozo behavior (or should I spell that behaviour) and one adds some British understatement. First, let’s go to Tulsa, Oklahoma. Cynthia Michelle Odom was in state prison … Continue reading →

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Time to Get Out Your Checkbook, Mr. Anderson

Posted on November 16, 2008 by Russ

When we last looked at Walter Anderson he was being sentenced to nine years at ClubFed. We wrote, at that time, “But Mr. Anderson did get lucky in one respect. Because the plea agreement was poorly written, the judge did … Continue reading →

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More on the World Series of Poker and Income Tax

Posted on November 13, 2008 by Russ

Earlier this week I posted on the tax bite that the top nine finishers at this year’s main event of the World Series of Poker faced. This year’s winner, Peter Eastgate, hails from Denmark. Assuming he is subject to Danish … Continue reading →

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$28 Billion?

Posted on November 11, 2008 by Russ

California’s Legislative Analyst is projecting that the budget deficit, currently pegged at about $11 billion, might grow to $28 billion. What does the Legislative Analyst, Mac Taylor, want to do to cure the problem? A 5% income tax increase. I … Continue reading →

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The Real Winners at the World Series of Poker

Posted on November 11, 2008 by Russ

This year’s World Series of Poker concluded early this morning at the Rio Hotel and Casino in Las Vegas. The winner of the main event won $9,152,416 but would he actually end up with all that money? This year’s winner … Continue reading →

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And They’re Born Every Day…

Posted on November 9, 2008 by Russ

Two tales of Bozo tax preparers came out at week’s end, and both come from Denver. First, Kennedy Oduro liked to make sure his customers got refunds. He invented false deductions and credits, and saved his clients $283,000 in 2003 … Continue reading →

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Charger Finds His Way to ClubFed

Posted on November 9, 2008 by Russ

It hasn’t been a good year for the San Diego Chargers. Their best defensive player, Shawne Merriman, is out for the year. They’ve struggled on offense. Yet their only one game out of first place. For one former Charger it’s … Continue reading →

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Schwarzenegger Proposes Big Sales Tax Increase

Posted on November 8, 2008 by Russ

Governor Arnold Schwarzenegger proposed increasing California’s base sales tax from 7.25% to 8.75% to help close an $11 billion budget shortfall. If the measure passes the state legislature, Orange County’s sales tax would be 9.25%. The measure is billed as … Continue reading →

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California Voters Haven’t Figured Out that Bonds Must be Paid Back

Posted on November 5, 2008 by Russ

While the most hotly debated proposition on the California ballot was Proposition 8 (banning of gay marriage—it passed 52% to 48%) that was not the proposition with the biggest fiscal impact. There were billions of dollars of bond measures on … Continue reading →

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