Caffeine Deductions… In Utah?
March 12, 2009 by admin
Filed under Features, Tax Policy
The Salt Lake City Tribune reports an attempt to tax caffeine: Have a Coke and a tax. That’s what Rep. Craig Frank wants his colleagues in the Legislature to consider. Frank, R-American Fork, has asked lawmakers over the next year to study the potential for taxing caffeine, a response to proposals this session to hike [...]
Death Beer and Taxes
October 8, 2008 by admin
Filed under Features, Humor, Tax Breaks, Tax Policy
// Lots of discussion in the presidential debate and society in general over how “tax breaks” are distributed across society. Here’s a funny little essay called Bar School Economics byDavid R. Kamerschen, Ph.D. Professor of Economics, University of Georgia Bar Stool Economics Suppose that every day, ten men go out for beer and the bill [...]
Tax Return Preparer Fraud
FS-2006-16, February 2006 // Return preparer fraud generally involves the preparation and filing of false income tax returns by preparers who claim inflated personal or business expenses, false deductions, unallowable credits or excessive exemptions on returns prepared for their clients. Preparers may also manipulate income figures to obtain tax credits, such as the Earned Income [...]