When the debt activism group Strike Debt began planning its Rolling Jubilee, the goal was relatively modest: They would raise $50,000, use it to buy distressed medical debt on secondary debt markets, and then, rather than hounding the debtors like the collection agencies that buy most of this sort o ... More >>
In a few weeks, this might be the Issue of the Election or the Story That Brought Romney Down. At this point, only time can tell.Yesterday, the New York Times reported that New York Attorney General Eric Schneiderman has begun to send out subpoenas to investigate the tax situations in numerous priva ... More >>
In the land of politics, it's that wonderful time of the year when we opine about the state of things. Last month, President Obama talked about the state of the country, Governor Cuomo discussed the state of New York state, and Mayor Bloomberg chatted about the state of the Big Apple.
Last night, ... More >>
Ever wonder how the super rich avoid paying all those taxes? Well, the New York Times has an interesting takeout here on all the shenanigans folks like Ron Lauder, of Estee Lauder, do to shelter their billions.
According to the Times' David Kocieniewski, Lauder, worth $3.1 billion, donates h ... More >>
Tomorrow, President Obama will unveil a deficit-cutting proposal that will include a revision to the U.S. tax code. The proposed change will feature a higher tax rate for the wealthiest 0.3% of Americans, who currently pay the IRS with a $15 gift card to Sam Goody every April (estimated figur ... More >>
Charlie Rangel's pending date with a censure vote before the full House of Representatives has prompted a lot of historical digging into great congressional scalawags of the past.
By any reasonable standard, Rangel -- no matter what you think of him -- appears to come up pretty short.
Remar ... More >>
Brooklyn artist Elizabeth Demaray is feeding her red harvester ants McDonald's Happy Meals for 30 days instead of their usual seeds as part of an installation at Exit Art.
Albany is starting to enforce a state tax law that calls for sliced bagels to be taxed (whereas whole bagels ... More >>
Big beer companies and small craft brewers are teaming up to change a range of federal tax laws. Associations representing both groups have joined forces to introduce the Brewers Excise and Economic Relief Act (yes, the BEER Act), which would return federal excise taxes on beer to pre-1991 levels, f ... More >>