Lance on Feb 21 2008 | Filed under: Taxes, Wealth, tax policy
Actor Wesley Snipes was found not guilty of federal tax fraud and conspiracy charges earlier this month. Basically he blamed it on the tax advice he received. Whether one believes that he didn’t know that when one earns $38 million you are likely to owe some tax, much less request a 12 million dollar refund, [...]
Lance on Jan 07 2008 | Filed under: Wealth, philanthropy
Over at the Wall Street Journal’s Wealth Report, Robert Frank notes:
Government outlays on physical infrastructure have declined to 2.7 percent of the gross domestic product, he says, from 3.6 percent in the 1960s. Philanthropic giving, in contrast, has jumped to nearly 2.5 percent of GDP.
This leads him to wonder:
With privatization all the rage, why not [...]
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