The brother of former Philadelphia mayor, John Street, was sentenced today to 2 and 1/2 years in prison for failing to file his federal income tax returns from 2001 through 2004. Prosecutors proved that T. Milton Street earned over 3 million dollars during the period of his non-filing and that he willfully failed to file his [...]
Tags: Back Taxes · Tax Crimes · Unfiled Returns
I squirmed, I fidgeted, I came this close to throwing my Logitech remote control at my T.V. screen as I watched Michigan Congressman, Republican Thaddeus McCotter, repeatedly tell Neil Cavuto that he voted against the bailout plan because “the people are against it.” I’d like to think I am more informed than most about macro-economics and the workings of the [...]
Tags: Legislative Watch · News · Opinion
When I started this blog I vowed that I would stay out of politics. But I’m only human. I was reading my tax feeds and came across yet another interesting post from Joe Kristan of TaxUpdates. It’s titled 51% Spend the Money of 49%. It’s short so here it is in its entirety: Regardless of [...]
Tags: Campaign 2008 · Opinion · Tax Policy
A disgruntled taxpayer sent the following letter to the IRS in payment of his outstanding tax bill: Dear Sir or Madam: Enclosed is my 2003 Form 1040, together with payment. Please take note of the attached article from USA Today archives. In the article, you will note that the Pentagon paid $171.50 each for hammers and [...]
Tags: Tax Humor
Frank Amodeo, the former leader of Mirabilis Ventures Inc., pleaded guilty Tuesday to charges stemming from what prosecutors called a $181 million payroll tax fraud that could’ve landed Amodeo in prison for the rest of his life. The above is a quote from a Tampa Bay Business Journal article titled Mirabilis Chief Amadeo Pleads Guilty [...]
Tags: News · Payroll Taxes · Tax Crimes
Kay Bell of the tax and finance blog, Don’t Mess with Taxes, reports today in her blog post $320,000 tax bill based on MySpace boast by college kids that, Five current and former University of Central Oklahoma students bragged on MySpace that their party business had served thousands. Actually, a lot more than thousands. And that [...]
Tags: Gross Income · Individual Taxation · IRS Audits
[Strangelove's plan for post-nuclear war survival involves living underground with a 10:1 female-to-male ratio] General “Buck” Turgidson: Doctor, you mentioned the ratio of ten women to each man. Now, wouldn’t that necessitate the abandonment of the so-called monogamous sexual relationship, I mean, as far as men were concerned? Dr. Strangelove: Regrettably, yes. But it is, [...]
Tags: Dr. Tax-O-Sphere
