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You may be flushed with excitement–and cash–from your Derby Day winnings. There was a 15-1 payoff on I’ll Have Another’s Kentucky Derby win. But if you won, before you spend it all, remember to save some for the tax man. Gambling winnings are fully taxable and must be reported on your tax return just like [...]
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MIT economist Jon Gruber writes in: Nice piece on the corporate tax. But you don’t mention one important issue and to my mind the main argument for the corporate tax: if you don’t tax corporate income, then you don’t tax the … Conti... Read Post

Forget trying to make Apple pay higher taxes. How about if we don’t make them pay any taxes at all? Mitt Romney got roundly mocked for saying, “corporations are people, too,” but he had a point. Talk to tax economists … Continue rea... Read Post

On the first Saturday in May, a horse named Orb won the Kentucky Derby, immediately igniting the annual conversation about whether any horse would again... Read Post