Kay Bell and Peter Reilly say a New Jersey decision will throw a damper on telecommuting. The Garden State imposed income tax on a Maryland company who hired a New Jersey resident as a telecommuter, working at home. It strikes me as an unsurprising result, and one that has much more support than the tax imposed on KFC and Jack Daniels in Iowa based solely on use on “intangibles” in the state.
There’s a lot more tax to Obamacare than the penalty for not buying insurance that may bring the whole thing down. Howard Gleckman at TaxVox reminds us of the other taxes, like the 3.8% tax on “passive” income, that take effect in 2014.
21st Century morals: “A new survey suggests Americans consider cheating on their taxes more socially acceptable than shoplifting, drunk driving or even throwing trash out the window of a moving car,” reports Janet Novack.
You think you have tax problems? “Italy in shock after man sets himself alight for tax evasion”
You’ll be shocked, shocked! to learn there is tax fraud in the hip-hop recording business.