Rahm: Higher Cigarette & Amusement Taxes

Mayor Rahm Emanuel is considering an increase in city taxes on cigarettes and entertainment to help close an anticipated $369 million gap in next year’s budget, City Hall sources said Wednesday.  … It’s unclear how much the cigarette tax might be...

Denise Rich: Democrat Who Fled the U.S.

Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship – and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty...

Gotta Love American Ingenuity (& Tax Avoidance)

So I’m reading two stories (here and here) about a new law that will effectively outlaw Roll-Your-Own tobacco stores.  It’s something I kinda follow because I always thought it was a decent business model (until the government outlaws your business) and...