A few things you may have missed this weekend while racing with your best friend:
and bringing home some hardware:
It turns out cutting the existing AMT in favor of the Buffett Rule would actually increase the deficit. Next up from the Obama camp? A 20% tax increase on left-handed albinos, paid for by a $10,000 tax credit for everyone else.
People say my Tax Court posts are too long, so here goes nothing: Man rides horsies. Man quits riding horsies, becomes lawyer. Man pays son’s costs to ride horsies, deducts them as “business development” expenses for his law practice because kid’s success will remind horsie fans of dad. Tax Court says neigh.
Mitt Romney had to file an extension. Apparently, stashing millions in offshore tax havens takes more time than you’d think. HI-YO!!!!
It’s the day before the tax deadline. We’re all emotionally fragile. This should push us over the edge.