Where Does Cardi’s Money Go?

Funny Rant by Cardi B on Money The rapper Cardi B grew up in the South Bronx’s Highbridge neighborhood, where the median family income barely tops $27,000. Cardi, born Belcalis Armanzar, couldn’t wait to get out. She spent much of her time at her grandmother’s home across the Harlem River in Washington Heights. By age 23 she released her debut video and album. Last year she joined the A-list with her hit “Bodak Yellow,” where she raps about being rich and arriving at “the club” in a Rolls-Royce Silver Wraith. Apparently, Cardi really is stacking some nice paper. On March
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Ooops!

When You Rush, You Make Mistakes Back in 1985, a group of ambitious lawmakers set out to reform the federal income tax code. House Ways & Means Chair Dan Rostenkowski introduced the legislation. (This was before he became inmate #25338-016 at the Oxford Federal Correctional Institution.) Congress held dozens of hearings, cast 29 roll call votes, and debated 111 amendments on philosophical questions like Dan Quayle’s proposal “to provide that the period during which an individual is in the United States competing in a charitable sporting event shall not be taken into account in determining whether such individual is a resident alien.”
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IRS Investigates Pot of Gold at End of Rainbow

Tax Code Special Rules Help IRS Get Leprechaun’s Treasure   St. Patrick’s Day is here, and every “Irish for a day” tippler in your social circle will take advantage of this convenient excuse to haul grandma out of the house for a little day-drinking. (It seems unnecessary on a Saturday, but whatever.) Faux-Irish saloons across America are tapping kegs of Guinness, pouring shots of Jameson, and covering their walls and ceilings in every Celtic cliche they can find: the shamrocks, the hats, the green beads, and of course, the leprechaun jealously guarding his pot of gold at the end of the
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Intentional Inspirational – Jason Wright

Diane Gardner is guest starred on Intentional Inspirational Podcast with show host Jason Wright. CLICK HERE TO LISTEN    In this episode, I talk about the ultimate goal that I am working towards and get you to clearly think about yours as well. I also have the opportunity to chat with Diane Gardner of Tax Coach 4 You and we discuss her adventures in entrepreneurship. I love it that she quickly told me that she was unemployable because she is such a dedicated entrepreneur. It doesn’t get any better than that for me really. She has also published seven books and she
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Area Man Treats Colleague to Dinner, Drinks

Can This Company Bar Tab Qualify As A Deductible Business Expense? The three-martini lunch has a long and mostly honorable history as a deductible business expense. As former President Gerald Ford once said, “Where else can you get an earful, a bellyful, and snootful at the same time?” Ford’s successor, famed buzzkill Jimmy Carter, tried (and failed) to cut the deduction from 100% to 50%. The Tax Reform Act of 1986 succeeded in that goal, and today’s business diner has probably switched from martinis to white wine. But old habits die hard — check any happening lunch spot and you’ll
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This Will Make You Love the Income Tax . . .

An Income Tax on “Potential Earnings” We Americans have fought with our internal revenue code since 1913. But slicing and dicing income, deductions, and a dizzying array of business and personal credits is hardly the only way that Uncle Sam could raise the money he needs to pay for guns and butter. State and local governments also use sales taxes, payroll taxes, property taxes, excise taxes, and “gross receipts” taxes to fill their hungry coffers, too. And then there are the more exotic taxes, the kind that sometimes live only in philosophers’ heads. The nineteenth-century economist Henry George argued that
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