Like any American who has ever been to a dance or listened to the radio, I’ve heard ABBA’s “Dancing Queen.”[fn1] But in the last week or so, I’ve learned a couple new things about them. A week ago, listening to Sound Opinions’s Valentine’s Day episode, I learned that the band was made up of two married couples.[fn2] And yesterday, thanks to several friends on Facebook, I learned that (a) ABBA used to dress outrageously, and (b) it was apparently for tax reasons. Continue reading
Man, New Jersey apparently must hate Peyton Manning. It’s threatening to tax his Super Bowl earnings at a rate of 51.08% if he wins. Or 101.83% if he loses. Seriously, 101.83%. And that’s just his New Jersey taxes; he’ll also owe federal income tax.
Or so says K. Sean Packard over at Forbes. In a widely circulated blog post,[fn1] Packard explains the tax trap that Manning will fall into by virtue of being the quarterback of one of the two teams playing in the Super Bowl this year. Continue reading
Over at Slate, Matt Yglesias mentions that, in addition to the existential questions surrounding bitcoin, there are a handful of practical questions that need to be worked out. Specifically, he wants to know if bitcoin transactions should be taxed and, if so, how they should be taxed. Continue reading
Well, another week without any significant movement tax-wise.[fn] The closest we came: an old friend with the government came to look at the various manors in Yorkshire, many of which are apparently in bad shape, to evaluate the effect of the war.
So I suspect that next week it’ll get back to what we care about. Until then, well, oh well.
There is, of course, some movement on the tax plot: Continue reading
On Tuesday, I wrote about the tax consequences to married same-sex couples of Utah’s decision not to recognize its same-sex marriages for the duration of the stay. The quick version is, that decision, combined with the federal government’s decision to recognize such marriages, was going to force Utah’s same-sex married couples to prepare dummy returns, substantially increasing the expense of filing their tax returns. Continue reading
On December 20, 2013, Judge Shelby of the District Court of Utah ruled that Utah’s prohibition on same-sex marriages violated the U.S. Constitution.[fn1] For various reasons, there was no stay of the decision, and approximately 1,300 same-sex couples married in Utah.
On Monday, January 6, the Supreme Court issued a stay of Judge Shelby’s decision, halting same-sex marriages at least until the 10th Circuit Court of Appeals has a chance to rule on the issue. Continue reading