On this day in 1977, the world learned that Elvis Presley had died. A successful entertainer, Elvis made millions – and paid millions in taxes – during his lifetime. Even after death, Presley’s legacy – as well as his ability to make money – lives on.
Read MoreCategory: history
Did One Man’s Greed Drive Detroit Into Bankruptcy?
Detroit became the largest city in the United States to declare bankruptcy. Was it bad luck, bad management or something more? The story of Kwame Kilpatrick’s fall from political grace might offer some insight.
Read MoreRemembering The ‘Hot Dog Tax’ On National Hot Dog Day
It’s National Hot Dog Day! Here’s a brief look back at the hot dog tax, an expansion of the sales tax in New York under then Governor Rockefeller.
Read MoreTaxes & Independence: Happy Fourth Of July
Today, kids will decorate wagons with streamers and drag them down small-town streets while big marching bands play John Philip Sousa tunes. There will be
Read MoreMarc Rich, Famous Fugitive & Alleged Tax Evader Pardoned By President Clinton, Dies
Marc Rich, one of the most famous white-collar criminals in recent memory, has died in Switzerland at age 78, as the result of a stroke.
Read MoreFederal Gas Tax Passes Another Milestone: What Is The Future?
Happy birthday, federal gas tax! Yes, on this day in 1932, President Herbert Hoover signed the Revenue Act of 1932 authorizing the first federal gasoline
Read MoreNever Forget: Celebrating Memorial Day
You’re probably firing up the grill later today. It is, of course, the unofficial first day of summer. But it’s also something more: Memorial Day.
Read MoreAs Many Celebrate 4/20, Feds Still Won’t Budge On Regulation & Taxation of Marijuana
Today is April 20 or 4/20. If I get a blank stare with that proclamation, then you’re among the millions of Americans who are outside
Read MoreAs Squabbles Over Budget Continue, Annual White House Easter Egg Tradition Rolls On
My kids are minutes away from their annual Easter Egg Hunt. Set among the backdrop of rural North Carolina, it’s miles away – both literally
Read MoreTax Trivia Giveaway #2: Presidential Income
(Update: We have our winners!) Our second tax trivia question is: In honor of President’s Day, this question focuses on presidential tax returns. Since Richard
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