Income Earned by Tribal Members on Reservations Now CA Tax-Exempt
The Franchise Tax Board has recently announced that tribal members who live on reservations and who receive income from reservation sources are not subject to California state income tax on [...]
Why Mark Zuckerberg May Never Pay Taxes Again: Buy, Borrow & Die
CNN op-ed: Zuck Never Has to Pay Taxes Again, by Edward J. McCaffery (USC):So, you think you have it bad this tax season. Have you heard that Facebook founder Mark [...]
The Unflappable Iron Lady
In honor of Margaret Thatcher's life I have attached a short clip of a British House of Commons debate with the Iron Lady taking on any who wished to step [...]
California Has A Negative Net Worth in the “Hundreds” of Billions of Dollars
The Sacramento Bee has a headline that reads: "State auditor: California's net worth at negative $127.2 billion".As troubling as that headline is, the most startling material is buried in the [...]
High-Speed Boondoggle? $800 Million to Save 10 Minutes
Admit it. When the federal government talks of investing huge sums of money into high-speed rail you picture aerodynamic bullet trains humming along at 220 miles per hour. So when [...]
What Are My Chances of Being Audited? IRS Releases 2012 Stats
IR 2013-32; 2012 Data Book, http://www.irs.gov/pub/irs-soi/12databk.pdfIRS has issued its annual data book, which provides statistical data on its fiscal year (FY) 2012 activities. As this article explains, the data book [...]