Author Archives: Russ

What’s $21 Billion Among Friends?

Posted on November 18, 2009 by Russ

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 →

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Knocked Out From New York

Posted on November 18, 2009 by Russ

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 →

Posted in New York, Texas | Tagged | 1 Comment

A Front-Runner for Tax Offender of the Year

Posted on November 16, 2009 by Russ

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 →

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Bondage Breakers Heading to Bondage

Posted on November 16, 2009 by Russ

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 →

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$20 Billion Deficit a Possibility

Posted on November 15, 2009 by Russ

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 →

Posted in California | Tagged | 1 Comment

Senator Reid Looking at Increasing Social Security, Medicare Taxes for the Wealthy

Posted on November 15, 2009 by Russ

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 | Comments Off on Senator Reid Looking at Increasing Social Security, Medicare Taxes for the Wealthy

The Jock Tax Hits Poker Players

Posted on November 15, 2009 by Russ

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 | 2 Comments

Comment Policy

Posted on November 15, 2009 by Russ

Since the move to WordPress, the number of comments submitted has ballooned. However, almost all of these comments have been spam. All comments are moderated. If you submit a spam comment, you won’t be able to comment. The only comments … Continue reading →

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The Other Winners at the World Series of Poker, Part 2

Posted on November 10, 2009 by Russ

There’s another part to the story of this year’s World Series of Poker main event winner: backing. And it has one tax agency smiling even more, while another will miss out on 50% of an unexpected bounty. This year’s main … Continue reading →

Posted in Gambling | Tagged | 1 Comment

The Other Winners at the World Series of Poker

Posted on November 10, 2009 by Russ

Nine individuals came to Las Vegas this past weekend to compete for the championship of the World Series of Poker. Who would be the lucky winner? And who really got to keep the money? This year’s World Series of Poker … Continue reading →

Posted in Gambling | Tagged | 1 Comment