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Lunch Links: Trump, Clinton Tax Plans Ignite Heated Debate; Transportation Issues Latest Setback to Passing Nevada Tax for NFL-Ready Stadium; Cooperation on Mutual Transportation Funding Derailed by Maryland-Virginia Governors

Today is October 14, the 126th birthday of President Dwight Eisenhower (1890-1969). After a successful military career in World War II, Eisenhower as president (1953-1961) focused on challenging the Soviets in the Cold War while avoiding...Show More Summary

A Look Back At Oprah’s Ultimate Car Giveaway

On this day in 2004, amid the shrieks, 276 members of talk show host Oprah Winfrey's studio audience each found themselves with a new Pontiac G-6 sedan.

Whoa, Nelly: Rapper Slapped With Massive IRS Tax Lien

It's not just a (bad) dream. According to TMZ, rap star Nelly, has been slapped with a $2,412,283 federal tax lien for the year 2013.

When to use the Foreign Tax Credit

The US is the only developed country in the world that taxes foreign-sourced income of non-residents. This means that US citizens (including so-called 'Accidental Americans') who meet certain minimum income thresholds still have to file a US federal income tax return to declare their worldwide income if they live or earn abroad. Show More Summary

This Land Is Your Land: National Park Service Celebrates 100 Years

The National Park Service turns 100 today! Here's how it got started and why we keep it going.

Lunch Links: Pairing Trump Tax Breaks Together Ill-advised; Carbon Tax an Issue in Vermont Governor's Race; Soft Serve in Many Splendid Tax Forms

Today is August 19, which is evidently National Soft Ice Cream Day. I fondly remember getting soft serve with my grandparents and after every dorm meal in college, but it also pops up over and over in state tax decisions. Why? Most states...Show More Summary

Lunch Links: Tax Returns; Man Gets $18 Trillion Tax Bill; Ohio Stores Benefit From Pennsylvania Cigarette Tax Hike

Today is August 15, the date in 1971 of the “Nixon Shock,” when President Nixon announced (via a TV address on Sunday evening) a series of economic measures designed to tackle high unemployment, high inflation, and draining gold reserves. Show More Summary

Lunch Links: Oregon's Regressive Tax Referendum; Green Party Nominee Releases Tax Return; San Diego Stadium Wouldn't Cover Costs

Today is August 12, the 183rd anniversary of Chicago being organized as a town (it would become a city officially four years later). Chicago is often in the tax news, with the highest sales tax of a major U.S. city, a tax on bottledShow More Summary

Donald Trump's Tax Returns

We are now a few months from election day, when Americans across the country will go to the polls to vote for the person they think should be placed in the highest elective office in the land as president of...

Sensing Shift In America, Former KKK Leader & Tax Felon Announces Senate Candidacy

David Duke, a former Grand Wizard for the Ku Klux Klan, has thrown his hat into the race for the Senate in Louisiana. Duke announced his candidacy over the weekend, saying, "I believe in equal rights for all and respect for all Americans."

Music, Tax & The Prime Minister: How Live Aid Changed The UK And The World

Live Aid was a "super concert" launched 31 years ago today with 16 hours of rock music in two venues (London and Philadelphia) linked by satellite. Performers like Bono, Madonna, and Queen said yes to Sir Bob Geldof's charitable call. But who didn't say yes? Prime Minister Margaret Thatcher. At first.

Lunch Links: Philadelphia Approves Soda Tax; Bill Would Require IRS to Return Seized Assets; Smoot-Hawley Anniversary

Today is June 17, the date in 1930 when President Hoover signed the Smoot-Hawley tariff act into law. As the Great Depression began, Congress acted to protect American industry from foreign competition by raising tariffs to about 59 percent, some of the highest levels in history. Show More Summary

Take This Tax Bill And Shove It: Outlaw Country Singer Ordered To Pay IRS Nearly $1 Million

Outlaw country music singer-songwriter David Allan Coe has been ordered to pay $980,911.86 to the Internal Revenue Service (IRS) after pleading guilty to tax charges.

‘Chewbacca Mom’ Giggles Her Way To Nearly A Half Million Dollars: Will A Tax Bill Follow?

When Candace Payne popped on a Chewbacca mask from Kohl's and filmed it in her car, she had no idea what would happen next. Since then, she's been viewed on Facebook Live more than 150 million times an received nearly a half million dollars in freebies. Does she owe tax?

House Passes Bill Aimed At Assisting Victims of Identity Theft Tax Fraud

To combat identity theft-related tax fraud, Rep. Jim Renacci (R-OH) introduced H.R. 3832, or the Stolen Identity Refund Fraud Prevention Act of 2016. The bill, which was co-sponsored by Rep. John Lewis (D-GA), Ranking Member on the Ways and Means Subcommittee on Oversight, passed the House on May 15, 2016.

Lunch Links: Trump on Carbon Taxes, Taxes on Beer and Pizza, and DC Tax Changes

Today is May 16, the date in 1927 when the U.S. Supreme Court upheld the federal income tax against a challenge that making someone pay tax on illegal income violated the Fifth Amendment right against self-incrimination. In United States v. Show More Summary

Lunch Links: California Income Taxes Under Projection, Kansas Bond Downgrade, IRS Hiring More

Today is May 4, which is Star Wars Day (“May the Fourth be with you.”) Lest we forget, taxes are a crucial plot element in the Star Wars saga. Here are some interesting links I came across: California Income Taxes $1 Billion Under Projection:...Show More Summary

Lunch Links: May 4, 2016

Today is May 4, which is Star Wars Day (“May the Fourth be with you.”) Lest we forget, taxes are a crucial plot element in the Star Wars saga. Here are some interesting links I came across: California Income Taxes $1 Billion Under Projection:...Show More Summary

Lunch Links: April 25, 2016

Today is April 25, the most perfect date of the year. I'm pleased to share interesting tax news we've come across today, although I'm posting it a little bit after lunch as we fly across the country (more on that tomorrow). Lawmakers...Show More Summary

When You Spring Forward For Daylight Saving Time, It’s All About Energy Policy

It's Daylight Saving Time again! It's all about the farmers, right? And saving energy? Er, not so much. Here's what's really behind Daylight Saving Time in the U.S.

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