“If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the people’s power to pay and continued to pile up deficits, then it is on the road to bankruptcy.”
- Franklin D. Roosevelt
Friday, August 27, 2010
Friday, August 20, 2010
Friday's Tax Quote - August 20, 2010
“If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the people’s power to pay and continued to pile up deficits, then it is on the road to bankruptcy.”
- Franklin D. Roosevelt
- Franklin D. Roosevelt
Thursday, August 19, 2010
Celebrities are Taxpayers Too!
Add Naomi Campbell to the list of celebrities with notable tax concerns. The IRS has recently filed a tax lien against her for roughly $63,000.
Read about it here, or here, or here. However, there isn't really a whole lot to the story. Nor is this really a salacious tale of tax troubles. At least not of the sorts that we have seen from other celebrities. A lien was filed and her accountant says it was a mistake because he has never heard about it. I expect that this will be sorted out by first determining if it is a legitimate tax liability or some sort of mistake. If legit, the tax will probably get paid and the lien will be lifted.
Other celebrities that have had tax troubles include:
Ace Frehley
MC Hammer
Robin Givens
Forest Whitaker
Chris Tucker
Val Kilmer
Patti LaBelle
Randy Quaid
Method Man
Nicolas Cage
Helio Castroneves
Heidi Fleiss
Richard Hatch
Willie Nelson
Wesley Snipes
Janine Lindemulder
Pete Rose
O.J. Simpson
Frankly the one that bothers me the most is Ace Frehley. I loved KISS growing up and hate to see a childhood idol end up with tax problems.
For more on these celebrities the details surrounding their tax troubles check out the slide show here.
Read about it here, or here, or here. However, there isn't really a whole lot to the story. Nor is this really a salacious tale of tax troubles. At least not of the sorts that we have seen from other celebrities. A lien was filed and her accountant says it was a mistake because he has never heard about it. I expect that this will be sorted out by first determining if it is a legitimate tax liability or some sort of mistake. If legit, the tax will probably get paid and the lien will be lifted.
Other celebrities that have had tax troubles include:
Ace Frehley
MC Hammer
Robin Givens
Forest Whitaker
Chris Tucker
Val Kilmer
Patti LaBelle
Randy Quaid
Method Man
Nicolas Cage
Helio Castroneves
Heidi Fleiss
Richard Hatch
Willie Nelson
Wesley Snipes
Janine Lindemulder
Pete Rose
O.J. Simpson
Frankly the one that bothers me the most is Ace Frehley. I loved KISS growing up and hate to see a childhood idol end up with tax problems.
For more on these celebrities the details surrounding their tax troubles check out the slide show here.
Friday, August 13, 2010
Friday's Tax Quote - August 13, 2010
“Has [the tyrant] not also another object which is that [the people] may be impoverished by the payment of taxes, and thus compelled to devote themselves to their daily wants and therefore less likely to conspire against him?”
- Plato
- Plato
Friday, August 6, 2010
Friday's Tax Quote - August 6, 2010
“Taxation is eminently practical, and is in fact brought to every man’s door.”
- Rufus W. Peckham
- Rufus W. Peckham
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