A few things you may have missed this weekend while welcoming a new champion to the top of your “favorite movies” list: Jersey Shore Shark Attack.
Here’s an excellent column echoing a concern we’ve shared here on more than one occasion: if tax rates are to be slashed (I’m looking at you, Romney), how can we keep the changes to the Code revenue neutral — or ideally, design them to create revenue — so as to not increase the deficit? Broadening the tax base sounds great in theory, but since no policymaker recommending tax cuts has specifically discussed which tax deductions would be on the chopping block — and knowing that each of the deductions theorized to be eliminated enjoys a hearty backing by special interest groups — there is a legitamate concern that Congress would be unwilling or unable to cut the deductions necessary to offset the tax cuts and keep the deficit from rising.
Hall of Famer Tony Gwynn wants to buy his beloved Padres; would prefer not to pay his federal income taxes.
At this point, I’m convinced that nobody has any idea what the hell to do with the soon-to-expire Bush tax cuts.
The miseducation of Lauryn Hill continues. [Alternate title: Girl, you know you better watch out.] It turns out that a few years ago, Hill went “underground” to protect her family from an unnamed threat, and while in hiding she neglected to pay her tax bill from 2005-2007. Now she’s facing tax evasion charges. Hill said she explained to the IRS that her failure to pay was not willful, but rather the byproduct of living off the grid, but as you might imagine, the IRS was less than sympathetic.