The Senate Sort of Approved Internet Sales Tax
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 on...
Loophole Closed: Sweden Extends TV Tax To Computer and Tablet OwnersTV taxes, or license fees per television set, are pretty common throughout Europe, providing funding for many large public broadcasters across the continent, such as the much-loved BBC. This week, though, Sweden updated their structure for collecting the television tax to reflect how more and more people actually watch TV, which is not on their TV. With that in mind, the television tax will now apply to any citizen with a computer or tablet as well.Read on...
Swaziland Legislature Wants To Raise Tax On Witch Doctors, Will Probably Be Cursed With BoilsLike so many countries around the world these days, the small african nation of Swaziland is experiencing some tough times financially, and some legislators are proposing a tax-hike as a solution. Not just any tax hike, though -- an increase in the license fees paid by healers, soothsayers, and witch doctors throughout the country. That sounds pretty bold to us. Here in America, we don't even like raising taxes on the mega-rich, and they can't put curses on us or raise plagues when displeased. Wait...can they?Read on...
Facebook Co-Founder Eduardo Saverin May Not Be Able to Return to the U.S., Denies Tax Dodging
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 on...
The Oklahoma Violent Video Game Tax is Dead
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 on...
Xzibit Owes Nearly a Million Dollars in Taxes
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 on...