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Posts Tagged ‘weekend tax roundup’

A few things you may have missed this weekend while trying to coerce the neighborhood kids into an impromptu knock-off of the Hunger Games.

Because the requirement that brokerage firms report the cost basis of stock sold by their clients during 2011 to the IRS was such a rousing sucess unmitigated disaster, the IRS has graciously postponed a similar requirement for bond and option sales that was slated to start in 2013 until 2014.

Charlie Hustle still owes the IRS $120K in back taxes. Let’s hope Pete had I’ll Have Another at 15-1 in the Derby.

In 2012, Americans will pay approximately $4.041 trillion in taxes, or $152 billion more than they will spend on housing, food, and clothing. Notice cigarettes weren’t included in that comparison. People spend a lot of money on cigarettes.

Berkshire Hathaway shareholders tell Warren Buffet, “We’re not interested in your views on tax policy. Now can you kindly get back to making us rich beyond our widest dreams with your wisdom and foresight? Thanks.”

Man brings boy to zoo. Boy stares at lion in wonder. Lion tries his damnedest to eat boy. Good times.

http://www.youtube.com/watch?v=EBtPFyZItEA&feature=fvst

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A few things you may have missed this weekend while relentlessly bragging about how you predicted Lehigh’s upset of Duke in one of your brackets (while ignoring the seven other brackets where you picked Duke).

Kelly Erb over at Forbes is halfway through the process of covering key tax issues from A-Z, and as usual, she does an awesome job. Of course, if W doesn’t end up standing for Wesley Snipes, I reserve the right to change my opinion.

The Wall Street Journal published a list of Ten Common Tax Filing Mistakes People Make. Narrowly missing the cut? Paying a friend ten grand to torch your house for the insurance proceeds, then deducting the arson payment on your return.

National income gained overall in 2010, with the 15,600 most wealthy taxpayers pocketing an astonishing 37% of the gain. The bottom 90%, on the other hand, actually went backwards, as inflation wiped out any increase in pay. I wish there were a joke in here somewhere, but sadly, there isn’t.

I don’t know who this Tom Nitti is whose blog they’re citing over at Forbes, but I dig his style.

Lastly, a number of people reached out to me after I posted this video to ask if that was my son eating snow at the tail end of a horribly botched ski lesson. It was not, as 1) I’m not that bad of a father, and 2) Referring to your son as “bro” is a level of obnoxiousness even I’m not comfortable with. 

My boy did make his triumphant on-mountain ski debut yesterday, however, and daddy hasn’t stopped smiling since:

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