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Lifestyles of the Rich and Taxable

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1.  A Taxing Engagement.

By now, we’ve all heard that Prince William and Kate Middleton are engaged.  But – did you also know that Prince William’s proposal may also cost him in UK taxes?  Turns out that engagement ring has appreciated in value since he received it from his mother.   Can this really be?  Learn more about this Expensive Engagement

2.   Jailtime for Snipes.

Think paying your taxes won’t land you in jail?  Think again… or ask Wesley Snipes.  More available at: This Blade is Allowed in Prison  

3.   UK’s Athlete Tax.

Current UK tax law is causing many professional athletes to back out of local sporting events — including the Ryder Cup — by imposing a tax on the participants’ global endorsements.    Ryder Cup authorities have asked England to exempt the event from the tax (exemption has been granted only to the Olympics and the Champions League final at Wembley), but have yet to receive an answer.  How are athletes responding?  GolfersRunners, and the The Agassi Rule.  

4.  The Tax Lady. 

Need help with your tax bills?    The Tax Lady is probably not the answer… the California Attorney General is currently suing “Tax Lady” Roni Deutch, who runs cable TV ads, often appears on the Today Show, and promises to reduce your tax bill to the IRS, for allegedly swindling taxpayers.  Check it out: The Tax Lady.

5.  What a Croc. 

Paul Hogan, better known as Crocodile Dundee, says he can’t afford to pay even 10% of the back taxes he owes to Australia.   The word is that he failed to pay taxes on $34 million.  Didn’t his mom tell him to put 10% of every paycheck away in the bank?  Chomping for more … Saving is hard in these tough economic times.

6.  Cursed? 

On September 9, 2010, senators in Romania voted down a proposal to tax witches and fortune tellers.   The reason?  If the proposal passed, the senators feared they would be cursed.  Not afraid?  Read more: The Tax Curse.

7.  Fly ball coming your way? 

Catching A-Rod’s 600th home run ball might cost you … in taxes, that is.  Bryan Cave’s own Alan Solarz breaks it down: Taxing the 600th Home Run.

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