Profit & Tax Blog

A Tale of Two Highest-Paid CEOs

Every year, business reporters look forward to listing the country's highest-paid CEOs. Corporate chiefs have always done well for themselves — in 1980, the average S&P 500 head earned 42 times more than the average worker. But lately those compensation numbers...

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Tax on Gambling Winnings? Navigate the Tax Gameboard

The Gambler, The Billionaire, and The Game of KingsBackgammon is an ancient game of dice, strategy, and skill. The name dates back to the 1600s, but the game itself goes back to the Byzantine Emperor Zeno (AD 476-481). While it's never been as popular here as poker or...

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Sign “O” the Times

The artist forever to be remembered as Prince shocked the world with his unexpected death last month at his Paisley Park compound outside Minneapolis. As is often the case when legendary musicians pass away, his album sales have soared. Fellow artists from Bruce...

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POTUS Meets IRS

For most of us, filing a tax return is a fairly private affair, just between us and our friends at the IRS. But for President Obama and his family, it's a high-profile event. Last week the White House posted the Obamas' return online, and it reveals a lot about how...

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Born to Run

Lots of states get a bad rap. California is too flaky. New Yorkers are too unfriendly. North Dakota is too cold. (Wait a minute . . . you mean we've got two Dakotas?) But there's one state that may get the worst rap of all, and that's New Jersey. Too many Americans...

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Where Are All the Americans?

Last Sunday, the International Consortium for Investigative Journalism stunned the world with their release of findings from 11.5 million files leaked from the Panamanian law firm Mossack Fonseca. The "Panama Papers" blow the lid off the firm's creation of over...

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Start Warming Up Your Texting Thumbs

If you're not already one of the millions of Americans with a smartphone glued to your hands, this story may make you reconsider . . . .Vermont Senator Bernie Sanders has fired up the progressive left with his long-shot White House run. Sanders describes himself as a...

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The Great Eskimo Tax Scam

Spring is here, at least according to the calendar, and you probably aren't thinking much about Eskimos as April 15 approaches. But here's a fun story from the Wayback Machine to remind you it's never the wrong time to pay attention to taxes.Back in 1971, President...

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A Little Tax Magic

You already know that our Congress is as gridlocked as at any time in recent history. Budget and spending bills get rolled up into year-end monstrosities. Urgent priorities like immigration reform get hijacked by partisan posturing and "appeals to the base." The...

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The Humor Endures

The passing of former First Lady Nancy Reagan last week at age 94 marks a bit of an end to the 1980s. Nancy earned both praise and criticism for restoring what she saw as some much-needed Kennedy-esque pomp and circumstance to the White House. Later, she earned praise...

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