Tag Archives: Income tax

The Biggest Winner In Triple Crown Betting

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Some 15 million people will watch California Chrome June 7th, many pulling for California Chrome. A Triple Crown Winner would be great, especially out of a kind of rags to riches story like this one...

Google Slapped With Huge Tax Bill

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For years, multinational companies like Google, Apple and Microsoft have been thwarting attempts by government authorities abroad to plow through complicated tax structures and pin down profits for...

IRS Says Bitcoin is Property Not Currency

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A new ruling by the IRS classifies Bitcoin as property that may be taxed. In other words, it is not a legal currency and hence the axe of the taxman is going to fall on Bitcoin users. From now...

U.S. Tax Rates? Not Competitive, But California’s Are Worse

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Is the U.S. tax system competitive? Many global companies say it isn’t. Companies like Apple say they have to jump through hoops to stay competitive. In September 2012, the Senate Permanent...

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

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Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far...
    






Taxing Bitcoin: IRS Review Will Have Big Implications For Investors In Virtual Currency

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By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual currency. That’s useful shorthand, but is it really money? And...
    






The True Cost Of Christmas: Santa’s Tax Bill

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It’s Christmas Eve and this year, as always, at my house, there’s a lot of anticipation. And by anticipation, I mean that the kids don’t want to go to sleep (I have a totally different idea). We’re...