At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived. [NYT via TaxProf]
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Wanted: North Dakota Tax Professionals Who Don’t Mind Stilettos And G-Strings
- Adrienne Gonzalez
- November 11, 2011
A tipster clues us in to the wild world of one small oil boomtown in North Dakota that’s going to need some pretty open-minded tax pros in town if things keep up:
CNNMoney:
Forget Vegas. Strippers are discovering they can make ten times as much dancing in the oil boomtown of Williston, N.D.
Thousands of men have come here seeking high-paying jobs working for the oil companies. And, at the end of the day (or four or five days when they’re working on a rig), many of them are looking for some female companionship at one of the town’s two strip club’s [sic], Whispers or Heartbreakers.
Word has gotten out about just how much money can be made dancing in Williston’s strip clubs. The money is phenomenal, but the competition is stiff.
Whispers has received applications from exotic dancers in Hawaii, Alaska, even the Czech Republic and Germany, said Melissa Slapnicka, the co-owner of the club. She’s been bombarded with so many applications that she only gives each dancer a week to try out. If they don’t work out, they don’t come back, she said.
According to the article, one 36-year-old stripper (uhh…) who has traveled to Williston for dancing work over the last few years now finds herself making $2000 – $3000 in a single night. I don’t expect you guys to know this but that’s a lot of money for a stripper to make in a single evening.
Even on a slow night, Slapnicka says her girls are bringing home $1500.
Assuming her girls are 1099 employees, looks like there might be an opening for a qualified tax professional willing to help these successful strippers ensure their tax house is in order. Especially now that they’ve been featured in a major media outlet, you can rest assured the Shulman Army has been dispatched to keep an eye on their gains.
Paging The Tax Domme!
Søren Hansen Is Another Golfer Who Is a Cheater; But He’s a Tax Cheater
- Caleb Newquist
- March 6, 2010
Since golf is a sport (?) that some of you engage in, you’ll be interested to know that Søren Hansen, the Danish linkster, may be going to jail for tax fraud.
He’s not banging everything that moves or shilling for an accounting firm, he just hates taxes. Just like you!
Hansen owes the Danes 9.6 million kroner which is about $1.75 million. That puts him a shade below Nas tax trouble.
Denmark is claiming that Hansen is a resident but he says that he kicks it in Monaco 24/7. Apparently he summers up in the motherland so this thing is a toss-up at best. If he’s found guilty of failing to pay the taxes he could wind up paying a fine of 10 million kroner and “an unspecified prison term”.
We don’t have any idea what a Danish prison would be like although we’re sure it’s rotten.
Fraud police ready to jail golfer [Copenhagen Post]
Hillary Clinton Sounds Like She Would Be Supportive of the Wealth Squads
- Caleb Newquist
- May 28, 2010
“The rich are not paying their fair share in any nation that is facing the kind of employment issues [that America is] – whether it’s individual, corporate or whatever taxation forms are.”
~ Secretary of State Hillary Clinton
