Author Archives: Russ

Hatch Backs Away From Plea

Posted on March 9, 2005 by Russ

While I was on the East Coast, Richard Hatch backed off from pleading guilty to tax fraud. Hatch, who won $1 million on Survivor, allegedly did not declare his prize on his tax return. The government has dismissed the charges, … Continue reading →

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Just a “Little” Evasion ($200 Million)

Posted on March 1, 2005 by Russ

As you will undoubtedly read (or have read) in your local newspaper, Walter Anderson has been arrested for allegedly not paying $200 million in Federal and District of Columbia income taxes. Roth & Company’s tax updates (now renamed www.taxupdateblog.com) has … Continue reading →

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Cheat $3.7 Million, Pay $1.4 Million

Posted on March 1, 2005 by Russ

Adult videos can be a lucrative business. Michael S. Morrison of Atlanta owned some adult video stores. In 2000 & 2001, he reported on his tax return lower “booth rentals” because of competition. The IRS felt otherwise. As the Atlanta … Continue reading →

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California Warned (Again) on Factory Jobs

Posted on March 1, 2005 by Russ

California received yet another warning about its’ dreadful business climate. According to this story in the Sacramento Bee, 1.3 million of California’s 1.5 million factory jobs are in danger of being lost. According to the Bay Area Economic Forum, most … Continue reading →

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Traveling

Posted on March 1, 2005 by Russ

This week I’m traveling to Philadelphia and nearby environs so blogging will be close to nonexistent. I’ll be back with updates next week.

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Vox Blogoli 2.2: Whither the GOP

Posted on February 25, 2005 by Russ

Hugh Hewitt asks, “Does the Senate GOP go McClellan or Grant if Harry Reid goes “Gingrich?” This is a lot more important than just pure politics, which is why I’m responding in a tax blog. First, for the non-Civil War … Continue reading →

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Online Poker: North Dakota’s New Revenue Source?

Posted on February 25, 2005 by Russ

North Dakota HB1509 would license Internet poker within the state, with the hope of tapping a new revenue source. According to North Dakota House Representative Jim Kasper, the bill could bring $500 million to the state. The bill passed the … Continue reading →

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Let’s Increase Taxes.

Posted on February 24, 2005 by Russ

Assemblywoman Wilma Chan (D-Alameda) introduced AB6. This would increase the state’s top income tax rates by 0.7%. Most Californians would pay 10% income tax rates under this bill, up from 9.3%. This bill does require a 2/3 vote, and passage … Continue reading →

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Do As I Say, Not As I Do

Posted on February 22, 2005 by Russ

The New York Times has for years editorialized against corporations “abusing the Tax Code.” But does the Times practice what they preach? Of course not— that would be fiscally irresponsible. As Allan Sloan reports in today’s Washington Post (hat tip: … Continue reading →

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Brain Drain?

Posted on February 21, 2005 by Russ

Today’s Orange County Register editorializes on a brain drain [registration required]: the high cost of doing business in the Golden State has led corporate planners to locate elsewhere. I wrote last week that liberals would like California to increase taxes … Continue reading →

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