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Author Archives: Russ
Taxing Strip Clubs: OK; Taxing Escort Services: No
Somehow, strip clubs and taxes seem to follow each other. Usually I report on strip club owners who somehow forget that cash income is just as taxable as any other income. Today, however, it’s time to head to Utah and … Continue reading
18 Tax Changes in Senate Healthcare Bill
Senator Harry Reid’s (D-NV) healthcare legislation has 18 tax changes according to Americans for Tax Reform. Here’s a list of the taxes and their impacts (note: Dollar figures are single/single 2+ (S2) or MFJ): 1. Individual Mandate Tax. For those … Continue reading
Posted in Legislation
Tagged HealthCareLegislation
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Snipes Appeal Heard Today
Wesley Snipes had another day in court today. Oral arguments were heard in his appeal of his conviction on three misdemeanor tax evasion charges. Mr. Snipes’ attorneys argued that the trial should have been moved from Ocala, Florida to protect … Continue reading
What’s $21 Billion Among Friends?
Earlier this week I wrote that California might be facing a $20 Billion Deficit. You’ll be happy to know I was wrong. The Legislative Analyst (LAO) released his official forecast today; he projects a $20.7 Billion deficit for the next … Continue reading
Knocked Out From New York
I’m not a boxing fan. For those of you who are, you’ll recognize Manny Pacquiao and Floyd Mayweather Jr. as big names in the sport. Those two boxers will fight in the Spring of 2010. Newsday asked boxing promoter Bob … Continue reading
A Front-Runner for Tax Offender of the Year
We’re just six weeks away from the end of 2009, and it’s almost time for me to scour the news of the year to find the Tax Offender of the Year. It takes a lot to win this award; the … Continue reading
Posted in California, Tax Evasion
Tagged MarkAnderson
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Bondage Breakers Heading to Bondage
Back in March I reported on the founders of the Bondage Breakers Ministry. This ministry was different…quite different than the church or synagogue you may worship in. The founders, Lindsey Springer and Oscar Stilley, were praying for the elimination of … Continue reading
Posted in Tax Evasion
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$20 Billion Deficit a Possibility
After the three budget battles during the past 18 months, are Californians ready for the fourth installment of the state budget crunch next Spring? Like it or not, it’s coming. This report notes that a $20 Billion is possible for … Continue reading
Senator Reid Looking at Increasing Social Security, Medicare Taxes for the Wealthy
Senator Harry Reid (D-NV) is looking at increasing the Social Security and Medicare taxes for the wealthy per published reports from last week. Since President Obama has said he won’t increase taxes on those making less than $250,000, this would … Continue reading
Posted in Legislation
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The Jock Tax Hits Poker Players
Back in 1991, the Chicago Bulls beat the Los Angeles Lakers in the NBA Finals. The Franchise Tax Board (California’s income tax agency) didn’t like the idea that the Bulls took the money and ran, so they implemented the first … Continue reading
Posted in Gambling
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