Our next tax trivia question is:
In 2000, Vice President Cheney and his wife owed federal taxes of $14,295,058 on adjusted gross income of $36,086,635. After taking into account withholding and other payments, how big a check did the Cheneys have to write when they mailed in their taxes? (I’ll take answers within $100,000)
For more about the giveaway, including rules and prizes, check out this post.
Taxpayer asks: Hi there, I’ve purchased a new vehicle in 2009 on Jan. 31. The original provision of the new bill that was passed by the Senate stated that it would be from mid November 2008 through Jan. 1, 2010. I saw your response where Congress has now said that new vehicles purchased from Feb….
Talk about down to the wire… The Amazon deal is so fresh (it was passed after 10pm last night) that you can’t find much in the way of confirmation yet on the web. In fact, the California legislature has the bill, AB 155, listed as “in assembly” since the vote taken on yesterday is still…
There are very few things that my brothers and I agree on. My older brother is a Tarheels fan, my little brother is a Wolfpack fan and I’m a Blue Devils fan – just imagine ACC basketball season around my house when I was a kid. Both of my brothers (gulp) have, at one time…
House Democrats think they have a plan to pay for health care reform. And yes, it’s going to cost… somebody. The 1000+ page health care plan as proposed by President Obama comes with a hefty price tag. Congress has been charged with coming up with the funds for the plan. That isn’t proving to be…
Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth. There’s no question that there is a giant disparity in the…
The folks at Thomson Reuters asked me to write a piece about the Bush tax cuts and I was happy to oblige. Give it a read… I think you’ll be surprised. Extending tax cuts eliminates uncertainty | Analysis & Opinion Kelly Phillips Erb Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and…
