"Babies over booze."
A California bill proposing a repeal of taxes on diapers and menstrual products was killed by a nearly all-male committee this week.Read More
That's not how any of this works.
Rep. Markwayne Mullin is so wealthy that he believes he's paid enough in taxes to cover his own government salary, despite that not being how anything actually works.Read More
Yesterday, the members of the UK Parliament voted 305 to 287 against removing a VAT on women's sanitary items, because they're deemed - and I'm going to try not to burst out laughing as I type this - "non-essential, luxury items." BWAHAHAHAHAHAHA. OK, I couldn't do it.Read More
People still love taxes, right? That's what the Senate seems to think, because they just voted 75-to-24 in favor of a non-binding resolution that says they would support a bill introducing an Internet sales tax. Even though the resolution is non-binding, its overwhelming support could help support the bill as it School House Rocks its way to becoming a law. The Senate finally decides to get something done, and it's Internet sales tax? Great job, Senate.Read More
Just a few days ago, we brought you news that Facebook co-founder Eduardo Saverin had renounced his U.S. citizenship and plans to stay in Singapore. Saverin, who is expected to be worth around $3 billion after Facebook goes public with its Earth-shattering IPO, has been criticized by some who see his decision as simply a means to avoid U.S. capital gains tax. Saverin says that's not the case, but it could mean that he'd be unable to ever return to these United States.Read More
Careful readers will recall the news that Oklahoma was considering levying a 1% tax on all "violent" video games. According to the bill's sponsor, Will Fourkiller (D, pictured left), money raised by the bill would fight childhood obesity by providing outdoor education and also fund efforts to prevent bullying. The bill was defeated in a 5-6 vote in the Oklahoma House Appropriations and Budget Subcommittee on Revenue and Taxation last week.Read More
Sad news for people who like image macros: Xzibit, the man who won our hearts on MTV's Pimp My Ride when he heard you like X so he put X in your Y so you could f(X) while you f(X), reportedly owes more than $959,523 in federal taxes. He's already filed for bankruptcy twice, but the IRS dismissed both of those filings.
The bankruptcy filing provides rare insight into the volatile fortunes of an entertainer. In 2007, he earned $497,175 starring in "Pimp My Ride." But after the show was canceled, his income plummeted to $67,510 in 2008, according to court records.Also, this is surprising: Even while he was hosting Pimp My Ride, he didn't actually own a car, but rather leased a Range Rover for $2,230 a month. (Detroit News via Jalopnik) Read More