|
It is well-established that people will go to great lengths to avoid taxes.
The online site taxwriting.com reports that, in the early years of Charleston, S.C., homeowners were taxed by the width of their front porches. Tax-conscious owners built their picturesque homes sideways, narrow end to the street. Apparently, a large "side porch" was not subject to the tax.
"You only have to do a very few things right in your life so long as you don't do too many things wrong.” - Warren Buffet |
|
|
Most people do not read the actual tax laws as passed by Congress. And that is probably a good thing. Congress certainly has its own writing style.
|
|
Read more... [Tax Laughs 10/11]
|
|
Arguably, the most famous tax evader in history is Al Capone. Despite the best efforts of Elliott Ness and his Untouchables, Capone was convicted only of failure to pay income tax on his ill-gotten gains, not for any of the other crimes he may have committed.
|
|
Read more... [Tax Laughs 9/11]
|
|
Are you worried about an IRS audit?
Apparently, Georges Marciano, a co-founder of Guess?, Inc., relishes the idea. In fact, he sued the IRS, demanding they audit his tax returns.
|
|
Read more... [Tax Laughs 8/11]
|
|
Many states offer unique tax breaks, such as assistance for homeowners. Not wanting to leave anyone out, Massachusetts also offers tax breaks to renters. Connecticut offers a tax cut to those who save to put their children through college, while Arizona gives a benefit to residents who support public school extracurricular activities. If you happen to have a one-room school house, you will pay less tax if it is in Iowa.
|
|
Read more... [Tax Laughs 7/11]
|
|
|
|
|
|
|
Page 1 of 2 |
