Author Archives: Russ

New Math

Posted on September 8, 2010 by Russ

Hooray for new math, New-hoo-hoo-math, It won’t do you a bit of good to review math. It’s so simple, So very simple, That only a child can do it! –Tom Lehrer, “New Math” That’s what I think of President Obama’s … Continue reading →

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3% or 48%?

Posted on September 7, 2010 by Russ

What will the impact be of the elimination of the Bush Tax Cuts? Proponents of eliminating the cuts note that only 3% of small business owners will be impacted. Well, that’s true…but it’s anything but the whole story. As Joe … Continue reading →

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Horse Racing About to be an Even Worse Bet in California

Posted on September 7, 2010 by Russ

I don’t think that I’m revealing a secret when I tell you that most gamblers lose. The casinos in Las Vegas and elsewhere weren’t built by having more people win than lose. The horse racing industry has struggled in recent … Continue reading →

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10 Months for Bozo Math

Posted on September 7, 2010 by Russ

Back in May I wrote about Sung Ho Choi. Mr. Choi was in the process of selling his business, AJ’s Green Dry Cleaners and Laundromat. He happened to show a prospective buyer the computerized sales records. Unfortunately for Mr. Choi, … Continue reading →

Posted in Tax Evasion | 1 Comment

At Least Here Our DMV Offices Aren’t Being Evicted…

Posted on September 6, 2010 by Russ

California certainly has a budget crisis. But it’s nothing compared to the crisis in Illinois, where the Land of Lincoln is a reported $4.3 billion behind in paying the bills. Meanwhile, the Libertyville Drivers Services Facility office may be closed … Continue reading →

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The Annoying Ringtone Tax

Posted on September 5, 2010 by Russ

A friend sent me the following, asking me if I had heard about this new tax? Any cell phone user having a ringtone other than Rrrring, Rrring, John Philip Sousa’s stirring “The Internal Revenue Service March,” or–in homage to Colbert–“La … Continue reading →

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Uh, Wesley, Your Guru Just Got 20 More Years

Posted on September 1, 2010 by Russ

Wesley Snipes is still fighting his upcoming visit to ClubFed. The troubles he got into are all courtesy of his tax guru, Eddie Kahn. Mr. Kahn received ten years at ClubFed for his ‘advice’ to Mr. Snipes. He just got … Continue reading →

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Indians and Yankees Head to Extra Innings

Posted on September 1, 2010 by Russ

No, not the Cleveland Indians and the New York Yankees. Instead, it’s the on-again, off-again battle between the State of New York and the Indian tribes of New York state on collecting cigarette taxes. The Indian tribes sell cigarettes, and … Continue reading →

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Guess Who’s Coming to Dinner!

Posted on August 30, 2010 by Russ

Our favorite convicted tax felon has made the ballot in Ohio. James Traficant has seven signatures more than required and will be running as an Independent for Congress in Ohio’s 17th Congressional District. The Mahoning County Board of Elections will … Continue reading →

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No Progress in California Budget; May Soon Impact Tax Refunds

Posted on August 30, 2010 by Russ

There’s nothing new to report on the California budget. The unstoppable force has collided with the immovable object, and nothing’s happening for now. California Controller John Chiang is warning that he will soon be forced to issue registered warrants (aka … Continue reading →

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