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Should Olympic Medalists Have to Pay Taxes on Their Winnings? [POLL]
Olympics medals aren’t worth much, so it may surprise you to know that medalists also get stuck with a hefty tax bill.
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New Bill Would Force Online Retailers to Collect Sales Tax — Dollars and Sense
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California Mulls a $1 Tax on Cigarettes — Do You Support the Idea? [VIDEO]
Some people really like to smoke, while most who do are simply addicted to nicotine and can’t stop. And then there are those who hate cigarettes, smokers, smoke and the smell that comes with smoking, not to mention the enormous health problems and financial costs associated with this vice.
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Waitress Returns $400,000 Tax Refund
Virginia Hopkins was looking forward to getting her tax refund. And why wouldn’t she be, as Uncle Sam owed the waitress from Cleveland $754.
When she finally received her letter from the IRS, she tour it open and then got the shock of her life. Hopkins was staring at a check for $434,712.
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Americans Would Rather Deal with the Agony of Doing Taxes Than Make Healthy Food Choices
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Australian Council Considers Crazy 400 Percent ‘Fat Tax’ Against Fast Food Joints [VIDEO]
As part of an effort to fight obesity, Darebin Council in northern Melbourne, Australia, is considering a “fat tax” which would impose whopping rate increases on fast food giants like McDonald’s and KFC.
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Have Higher Cigarette Taxes Driven People to Smoke Pipes and Cigars? — Dollars and Sense
Three years ago, a federal act meant to help reduce the number of people who smoke greatly increased the tax rates for cigarettes, roll-your-own tobacco, and small cigars, counting on the fact that making smoking more expensive would prompt people to quit.
And while it may have caused some to do so, the move had an unintended effect: sales of pipe tobacco and large cigars, which aren’t taxed quite as harshly, have boomed.
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