Posts Tagged ‘ Taxes ’

Hooray for Mental Health!

October 1, 2008

If you support the Paulson bailout plan that is. The New York Times has coverage. The Senate proposal would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power. The bill...
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Lone accountant takes on IRS and wins

By Lance Paddock

August 24, 2008

And millions of us may benefit. The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as “demutualization.” Mutual companies are owned by their policyholders, so the companies provided stock and cash to compensate them for the...
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Wesley Snipes has put tax protesters in the cross hairs of the IRS

By Lance Paddock

February 21, 2008

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...
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The False Promise of Buybacks-Updated

By Lance Paddock

January 25, 2008

Where Have Buybacks Gone, asks the Wall Street Journal? I cannot tell you how often I heard that buybacks were going to keep earnings strong (Ken Fisher in particular comes to mind.) As the Journal points out, that can dry up if people need the capital, or in a related issue, have loaded themselves...
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How our system of taxation works

By Lance Paddock

January 7, 2007

Via Professor Greg Mankiw: Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1....
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