Tax Guru-Ker$tetter Letter

Saturday, June 28, 2003

$1 billion dot-bomb payout by firms. Internet companies to pony up for alleged inflation of IPOs - This is an unusually lucky break for those people foolish enough to invest in dot-com IPOs.

Nevada Turns to Brothels as a Budget Fix - The Holy Grail of taxation has always been to find one that is painless or that people enjoy paying. This idea might just be pretty close. There's just an interesting balance to the concept of having the tax collectors screw you at the same time as... Since the Nevada Constitution forbids a State income tax, this is an interesting revenue raiser and should be a bit more pleasurable than paying IRS. They plan to call this a 10% live entertainment tax on brothel services. Since many of the customers are most likely from outside Nevada, it's really no different than the various other tourist taxes already charged around the country, such as hotel and rental car taxes.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/28/2003 11:30:00 AM Send this post: