What Takes 7.6 Billion Hours to Produce Each Year?

Now, if you think about it, there’s only one institution in our nation capable of wasting that many hours of people’s time…our good ol’ government. For the answer to what takes that long, think April 15. Yup, it takes all of us and our tax preparers and accountants and whoever else is involved 7.6 billion […]

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Ouch, Now That Hurts: Returned Bonuses May Be Taxable!

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 work in late 2008 and asking to be paid in 2009 to reduce tax […]

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