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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Yesterday we may shared with you the unfortunate news about the dude from Reading Rainbow having a little tax problem which may have taken you back to the days of still whining about the lack of Cocoa Puffs in your house.
This time around celebrity tax problems take a little bit of a different path down memory lane (and a different theme song to get stuck in your head) to those days where your hormones were in control and the feeling of awkwardness was constant. For those of you too young to be familiar or give a rat’s ass about 90210, we’ll kindly enlighten you by stating unequivocally that Gossip Girl WOULD NOT EXIST without 90210.
Yes, Brenda Walsh, er, Shannen Doherty seems to have run across some tax trouble (just about $250k, NBD really) and as is our wont, we’ll present some possible solutions.
A) Another run at DWTS (nobody really gets it the first time).
B) 90210 movie – May we suggest that old wardrobe and hair styles be incorporated and that they should definitely go for the R rating? (seriously, how many times do you wish Dylan would have said “Fuck you Brandon, you momma’s boy” right in his smug face?)
C) Call ex-boyfriend Rick Salomon and see if he’s interested in making another movie.
D) Serious suggestions welcome.
‘Dancing’ star trips over tax bills [Tax Watchdog]