Sen. Charles Schumer (D-N.Y.) noted that many of the reform plans that are under discussion in Washington would cut tax rates for everyone by eliminating or reducing deductions — the same model that was used during the last major rewrite of the tax code in 1986. “But in the upcoming talks on the fiscal cliff, we ought to scrap it,” Schumer said. Schumer said the “best shot” for avoiding the tax increases and spending cuts that are set to take place once the "fiscal cliff" begins in January is the negotiations taking place between the bipartisan "Gang of Eight" in the Senate, but he urged those lawmakers to set aside the notion that tax reform should lead to lower rates for everyone. “Our needs are different from 1986 and we cannot take the same approach we did then,” he said. [The Hill]
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That Duke Snider Autograph May Have a Tax Story Behind It
- Caleb Newquist
- March 1, 2011
Snider returned to Brooklyn on a sad note on July 20, 1995, when he appeared in federal court, a couple of miles from where Ebbets Field once stood, as a criminal defendant. Snider and another Hall of Famer, the former Giants first baseman Willie McCovey, pleaded guilty to tax fraud for failing to report thousands of dollars earned by signing autographs and participating in sports memorabilia shows. “We have choices to make in our lives,” Snider said. “I made the wrong choice.” [NYT]
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Just to Be on the Safe Side, the Dayton, Ohio H&R Block Should Be Prepared for More Trouble
- Caleb Newquist
- May 14, 2010
If you figure one H&R Block employee was nearly gunned down because they were being audited, God knows what an indictment would mean for the safety of their employees:
A federal grand jury has indicted West Carrollton club owner and Brookville resident Stanley W. Combs III on the charges of one count of operating an illegal gambling business and four counts of making false statements on federal income tax returns…
…The indictment alleges Combs substantially under-reported the income he received as the owner and operator of Fraternal Order of Orioles, Nest 293 at 842 Watertower Lane in West Carrollton and a related entity at 10955 Lower Valley Pike in Medway, Ohio.
There’s no indication that an H&R Block employee advised this particular alleged tax dodger but better to be prepared.
Related: Did anyone tell these crazies in Ohio that they can get help FOR FREE tomorrow? For crissakes, there’s even one in Dayton at 200 W. Second St. Pull yourself together Buckeye State.
Club owner indicted for illegal gambling, income tax fraud [Dayton Daily News]
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Tax Preparers Use Valentine’s Poetry to Express Their Busy Season Problems
- Jason Bramwell
- February 14, 2022
Happy Valentine’s Day! Believe it or not, our friends on #TaxTwitter possess talents that stretch […]