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tax policy

As Many Celebrate 4/20, Feds Still Won’t Budge on Regulation and Taxation of Marijuana

20 April 2013

Tweet 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 of counterculture. You see, 420 is famously (or infamously, depending on who you ask) associated with the celebration of marijuana. While there are dozens of theories about how the [...]

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Whoa, Cowboy: Tax Laws May Make Romo Highest Paid NFL Player

4 April 2013

Tweet Who had the best holiday weekend? Looks like it might have been Dallas Cowboys quarterback Tony Romo, who signed a 6-year $108 million contract extension. Jerry Jones, Cowboys owner, president and general manager said about the signing: In today’s game, every NFL franchise understands the importance of production and continuity at the quarterback position, [...]

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Challenges To Same Sex Marriages Now At Supreme Court

27 March 2013

Tweet On December 11, 2012, I posted the piece that follows about the Supreme Court’s grant of cert to hear cases on same sex marriages. I’ve often said that I thought the arguments would come down to financial and tax matters and, at least as it applies to DOMA, that’s the case. Since these cases [...]

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Cypriots Avoid Bank Tax As Russia Appears To Pay Price For Bailout

25 March 2013

Tweet For one week, the eyes of the world were turned to a tiny island nation in the Mediterranean. Cyprus, the third smallest economy in the Euro zone (the term used to refer to the 17 countries which use the Euro as their currency), was on the brink of default. It’s economy was in shambles [...]

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Shaken, Not Stirred: Dubious Tax Haven Singled Out In Liquor Debate

22 March 2013

Tweet I once spent about 15 minutes wandering up and down the aisles of the Superfresh grocery in Society Hill looking for a bottle of wine. No, I’m not picky. I just didn’t realize that you couldn’t buy wine in the Commonwealth of Pennsylvania outside of the state-operated liquor store system (there is an exception [...]

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Cyprus Looks To Impose Bank Tax, Boost Corporate Taxes To Rescue Economy

18 March 2013

Tweet As the European Union (EU) rushed to offer the island nation of Cyprus a whopping €10 billion (nearly $13 billion U.S.) in aid, the Euro fell to its lowest level this year. The value of the Euro decreased to $1.2930 U.S., a dip of more than 1%, as news spread that a potential deposit [...]

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Philadelphia Battle Over Property Tax Assessments Raises Questions About Funding Public Schools

6 March 2013

Tweet On March 7, the Philadelphia Federation of Teachers, students, parents, labor allies and community leaders will rally at the School District of Philadelphia to protest planned cuts to teacher contracts in the City. The proposal includes pay cuts of up to 13%, longer work days and no limits on class sizes. Additionally, under the [...]

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Newtown Lawmaker Proposes ‘Sin Tax’ On Violent Video Games

17 February 2013

Tweet On December 14, 2012, my mom and I traveled to my son’s elementary school to watch his holiday show. He performed with the other kids in his first grade class. They sang songs about Christmas and Hanukkah and even got in a little drumming. It was adorable. I kissed him goodbye, ruffled his hair [...]

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Pacquiao Balks At Vegas Fight, Claims Taxes Are Too High

12 February 2013

Tweet (Update: A reader sent an email last night suggesting that Pacquiao’s manager’s tax calculation of $10 million was too high since all of Pacquiao’s income would not be taxed at the highest tax rate. To clarify, that is correct since we have a progressive tax system (and, as was pointed out to me in [...]

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Lawmaker Proposes Sneaker Tax, Retailers Opposed

10 February 2013

Tweet We go through shoes in my house like paper towels. My kids love the outdoors and all of three of them play sports of some description (rugby, soccer and field hockey are our current favorites). They beat up shoes. And, of course, I run, so I plow through running shoes on a fairly regular [...]

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