by Girish Anand | Mar 31, 2009 | Random Musings
Yesterday, we learned that the IRS can conceivably tax even those who returned their bonuses to AIG using the tax law principle of constructive receipt. Today, there comes to light an e-mail sent this past Friday to AIG employees from someone with the screenname of...
by Girish Anand | Mar 31, 2009 | Random Musings
I’m beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There’s a great discussion forum on the New York Times...
by Girish Anand | Mar 30, 2009 | IRS
A tax law doctrine known as “constructive receipt” could put those AIG employees who returned their bonuses in jeopardy of having to pay taxes on them anyway. Goes like this: Constructive receipt prevents people from gaming the system, say by performing...
by Girish Anand | Mar 30, 2009 | Random Musings
Spirit Airlines will fly you for as little as $9 each way, provided you don’t mind paying extra for choosing your own seat ($9-$20), checking in a piece of baggage ($100 for the third one), or drinking water while in the air (priceless). And if you work for...
by Girish Anand | Mar 27, 2009 | Random Musings
Someone had to do it, so now we have an online game entitled Layoff to amuse ourselves with as we await our next unemployment insurance debit card refill (while applying online for nonexistent jobs). Not only do you get to lay people off (except for the bankers), but...