Profit & Tax Blog

The Rich Are Different

Back in the Gilded Age, an ambitious social climber and noted toady named Ward McAllister coined the phrase "the Four Hundred," named for the number of people that Manhattan heiress Caroline Astor could fit in her Fifth Avenue ballroom. In 1982, Forbes magazine...

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Cast Your Ballot

The 2016 presidential election is almost here. Are you excited yet? (Some cynics would say the campaign actually started as long ago as November 7, 2012 — the day after the last election!) In just a few weeks, voters in Iowa and New Hampshire will gather to cast the...

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Smile!

"Bar Rafaeli" sounds like a happening watering hole in a trendy part of Brooklyn — the kind of place where bearded hipsters rocking flannel shirts and man-buns tip back craft beers and artisanal cocktails with their tattooed girlfriends. But Bar Rafaeli is actually a...

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Tax Advice for the Grinch

The holiday season is in full swing, and we expect you're on your best behavior to make Santa's nice list. But there's one famous guy who works harder than anyone else to be naughty this time of year, and that's everyone's favorite Dr. Seuss anti-hero, the Grinch. We...

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IRS Employees Make the Naughty List

Back in 2002, Steve Epstein, the director of the Pentagon's Standards of Conduct Office, faced a common dilemma among ethics officials: how to keep his training sessions fresh and relevant? His answer was to avoid discussing dry statutes like 18 U.S.C. § 205, and...

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New Tax Collection “Law”

Turn the dial on the Way-Back Machine to the days of the Great Depression. Millions of Americans are jobless, struggling just to eke out a living. But one man named Willie Sutton has discovered unlimited opportunities in a truly recession-proof field: robbing banks....

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Uncle Sam, Knowing When to Hold’em

Last month, millions of fans across America sat down in front of their televisions to watch the Kansas City Royals beat the New York Mets, 4 games to 1 in baseball's World Series. But few of those fans would ever dream they could suit up and join the players in the...

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Easily Satisfied with the Very Best

Few figures from recent history loom larger than British Prime Minister Winston Churchill, "the Last Lion." He spent "the wilderness years" of the 1930s fighting the Conservative Party's leadership, most notably Neville Chamberlain, to campaign for rearmament. As...

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Quantum Mechanics (or Something Equally Complicated)

How big a tax bill would you have to pay before it really hurt? Would sending the IRS $10,000 do it? What about $100,000? What about $1 million? Would you toast the good fortune that left you with enough income to owe that much tax, or would you stamp your foot and...

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Who Lives, Who Dies, Who Tells Your Story

Every so often a new show hits Broadway with lights that shine brighter than the rest. In 1996, Rent celebrated a group of impoverished East Village artists struggling to thrive in the shadow of AIDS. In 2003, Wicked imagined the lives of the witches of Oz before...

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