Aka “The world’s best tax law firm.”
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| I Give Up – Pay Anything… | ||||
|
||||
Related Posts
President Obama Would Like Those Critical of His Deficit Reduction Plan To Get a Nerdier Argument
By now, you’re probably heard about President Obama’s new plan for reducing our nation’s deficit. It involves raising taxes on the wealthiest of citizens including this new thing called the “Buffett Rule” which would force anyone making $1 million a year to pay a tax rate that is at least as high as the one paid by middle-income taxpayers. Predictably, Republicans have not warmed to the idea and are reacting on cue. Congressman Paul Ryan (WI) got feisty, saying the Buffett Rule was an example of “class warfare.”
The President, not always thrilled with criticism, sees it as slightly more complicated than that:
“This is not class warfare — it’s math,” Mr. Obama said from the White House Rose Garden, addressing GOP critiques of his plan head on.
Yeah Paul Ryan, Mr. Chairman of the House Budget Committee. If you’re not willing to get all nerdy about it, the President doesn’t want to hear it. Come back when you’ve got a blackboard filled with equations.
Wilbur Ross Would Like to Torpedo the Income Tax and Replace It with a VAT
Why? Because we need the tax policy equivalent of Law & Order: SVU.
“We need something that is very far-reaching, very dramatic,” said Ross, the head of W.L. Ross & Co. “An idea I’ve been in favor of is to scrap all of the corporate income taxes, all of the individual income taxes, and substitute a value-added tax on all goods imported into the country and manufactured and consumed here, and then rebate it on exports.”
Oh and that jobs bill? It’s bupkis:
“The amount being put in relative to that plan, compared to the jobs they say it will produce, is way out of whack,” Ross said.
Implement VAT, Cut All Income Taxes to Create Jobs: Ross [CNBC]
Foxy Brown and Toni Braxton Hate Paying Taxes: Just Like the Rest of Us!
Being a celebrity is tough. You see all that money roll in and then when you find out you have to pay almost 50% in taxes on it, that might just piss you off a little. It pisses off some celebrities enough that they just decide they’re not paying Uncle Sam jack. Then there are those that just forget to pay (*cough* Willie Nelson *cough*).
The two newest members of the tardy tax payers are hip-hop artist Foxy Brown and R&B singer Toni Braxton. Brown owes the IRS $641,558 in back taxes for the years 2003 to 2006. Braxton owes just over $71k to the IRS but she’s got some history of financial trubs: she filed for bankruptcy in 1998 with over $1 mil in debts so she’s probably familiar with the collection-type protocols.
Our advice to the two ladies would be take the Lehman Brothers approach on this and get some of that Foxy Brown and Toni Braxton schwag on eBay.
Foxy Brown’s prison jumpsuit from Riker’s? Toni Braxton’s Grammy trophies (or maybe just the underwear-is-optional dress)? We want to hear what kind of mementos you readers would be willing to plunk down your hard earned cash for to help these ladies out.
Foxy Brown, Toni Braxton In Tax Trouble [AllHipHop.com via TaxProf Blog]