During January, Luxury Cruise Lines pays employees salaries of $2 million. Withholdings in January are $153,000 for the employee portion of FICA, $300,000 for federal income tax, $125,000 for state income tax, and $20,000 for the employee porti...
The Harvard Corporation and Endowment’s brilliance at sticking back door bills to the taxpayer inspired me to write an editorial proposing that they lose their tax exemption. It was not surprising to see a small tax placed on endowment returns over $500,000 per student in the latest tax refo...
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For example, a school district in Alameda, California proposed a bond to upgrade existing schools and build new school buildings. Investing In Bonds Issuing bonds is basically the same as spending public money, since the school district has to eventually pay the money back. As a result, ...