Fun Friday has wrapped up on the channel – there are lots of great posts about the price of gas and how it affects each of us. I hope you take the time to check out them out! How Many Miles to the Gallon is That? http://www.doingbizabroad.com/how-many-miles-to-the-gallon-is-that Toll Hopping at the Pump http://www.talkstocktrading.com/toll-hopping-on-the-weekend/ How Much…
The price of oil has increased, on average, $1/barrel over the past month. The result is that gas is likely to top $5/gallon at the pump this summer – compared to $2.80/gallon last year. What does this mean in pure dollars? According to the Energy Information Administration (from Department of Energy), the average American uses…
It’s Fix the Tax Code Friday! There’s been lots of discussion about the gas tax over the past few months, including on this blog. Today, we paid nearly $4/gallon to fill the tank of our Subaru Forester. It totaled nearly $50. A reprieve from the federal gas tax (18.4 cents per gallon) would have saved…
The Internal Revenue Service has concluded that Senator Barack Obama’s church, the United Church of Christ, did not violate nonprofit tax laws when Senator Obama addressed the denomination’s 50th anniversary General Synod in June 2007. You may recall that the IRS was investigating the denomination claiming that it had “reasonable belief” that the circumstances surrounding…
Oh politics. It’s all about being right, isn’t it? You know, rather than doing the right thing? President Bush vetoed the farm bill (the 190th veto of his presidency) claiming, rightfully so, that it was too expensive and would send too much in the way of subsidy to rich farmers. The House voted 316-108 to…
Lou Pearlman, the man who (a) created some of the most successful boy bands in music history or (b) kickstarted a trend that killed the music industry – depending on your point of view – was sentenced to 25 years in prison following a plea in March to two counts of conspiracy and single counts…
Is it true that President Bush wants to call tax rebate checks “empowerment rebates”? Is it also true that President Bush wants to replace tax rebate checks with a pair of tickets to the Tony Robbins seminar, Unleash The Power Within? No, of course not. But that doesn’t keep Mark Jabo at Biz Levity from…
The House of Representatives unanimously passed bill H.R. 6081, the Heroes Earnings Assistance and Relief Tax (HEART) Act of 2008. The chief sponsor of the bill was Rep. Charles B. Rangel (D-NY). The revised HEART Act (previous versions of the bill have already passed the House and Senate) would allow thousands of active duty military…
This hasn’t been a great year for taxpayers. As the economy takes a dive, folks are growing more and more unhappy with the amount of taxes paid. And this year, in particular, watching the IRS botch rebate payments has made taxpayers even more angry. Wouldn’t it, I’m often asked, just be better to have a…
Colorado senator Ken Salazar, who bested Coors beer Pete Coors for his Senate seat in 2004, has been mocked for his ignorance of the US Tax Code. Salazar, a fifth-generation Colorado rancher, touted himself as a man of the people, claiming that he understood the struggles of the working class and would create jobs and…