Movie Star Tax Cheats!

The 2012 tax season has come and gone but for a few big time entertainers, it’s far from over.  Tax evaders, debt dodgers and the name calling could go on believe me but the facts are real, some of our favorite movie stars are tax cheats.  Sorry, that’s the last one I promise.

J-Lo’s baby daddy and vexed-ex singer Marc Anthony was reported to be on the federal hook for $3.4 million.  I don’t know how much money he earned to owe over three-million but I’m up for a little figuring to get at it so let’s see: 30% tax bracket, minus exemptions and credits for kids, carry the five and… (yep) it has to be at least 10 million if my math is right.

Actor Chris Tucker, of Rush Hour fame, earned up to $20 million a pop for each of the box office hits filmed with action star Jackie Chan.  I’ll bet Chis never imagined the IRS would be all up in his business over the $11.5 mills he acted like he didn’t have.  Pay up or get locked up like Wesley Snipes, who’s still doing a federal bid for the case he lost last year.

Entertainers have to learn that making stacks of fat cash comes with responsibilities and holding down your freedom happens to be one of them, i,e, Wesley Snipes.  “You should’ve paid THE MAN Wesley!  Now you’re making license plates!”  There’s three things you don’t mess with.  The I, the R and the S.  Sheesh, what a waste!

 

Women Spout Off on Male Money Wasters

Most of the people in my inner circle know how much I enjoy getting feedback from Facebook friends on relationship issues.  Just toss out the red meat and off they go!  Yesterday I asked my female friends a simple question: What things do men waste cash on?

The responses were coming in so fast I couldn’t keep up and boy how I tried.  Some of the comments surprised me and the ranking proved to be very sobering, no pun intended.  Keep in mind this is no scientific study but rather a sample survey.  Here’s how things shook out:

1. Electronics and Gadgets

2. Live Adult Entertainment

3. Women

4. Alcohol

5. Video Games and DVDs

6. Golfing / Boating / Fishing Gear

If you’re as shocked as I was about the top three, you’re not alone.  Because I’ve been married with children for 16 years, I expected more family oriented and hobby driven answers.  I was shocked when learning American men generally spend an average of $880 a year on gadgets and upgrades and I don’t even want to know the amount spent on adult entertainment.

While I seriously doubt most guys would agree with the sample and most of the comments I compiled during the survey one thing is certain, to you learn what a fella blows his money just ask his woman.   As far as I’m concerned, money well spent can be measured in Return On Investment.  Otherwise, it only wasted cash.

New Bridge to Nowhere Opens in Dallas

In April, 2012 Dallas opens its very own bridge to nowhere.  Obviously size does matter –  and apparently Texas is quite objectionable to being second to Alaska in total geographical area.  There is no other explanation for its newly erected expansion bridge to nowhere laced with ostentation gleaming white cables which can be seen for miles.

Credit: Brandi Korte

Not to be outdone by its cross country cousins from the north, Dallas solicited award winning Spanish architect Santiago Calatrava to design a conduit spanning the Trinity River; connecting downtown to an area known as West Dallas.  It wouldn’t have been such a bad idea if not for two other bridges already providing adequate service above the famous waterway.

Over a 7 year period and several budget overruns, the total cost of the extravagant thoroughfare was a whopping $182 million. Calatrava’s fees exceeded $6 million, an mount almost three times the standard price for that kind of design.  I’m not sure if I’m more appalled by a city getting fleeced by an artsy foreigner or learning he has been commissioned for a second bridge.  I can’t make this stuff up but I wish I was.

Yes everything is bigger in Texas, especially suckers.  There’s nothing more ridiculous than being the same fool twice.  Sheesh, what a waste!


Governmental Watch Dogs Uncover Pork Barrel Spending

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(Photo credit: Les_Stockton)

According to Citizens Against Governmental Waste (CAGW) – a group known for gathering information on Pork Barrel Spending, wasteful spending has decreased greatly.  Federal Pork, high-priced pet projects that benefit a specific congressman’s district, was examined recently in a CNN report.

The 2012 Congressional Pig Book, a CAGW publication analyzing government’s spending habits, breaks down the myth that earmarks have disappeared from public discourse because they no longer exists because they’ve been stricken appropriation bills that fund wasteful projects.  Despite the current scandal that highlights criminal misappropriation of funds by the General Services Administration (GSA), Congress lawmakers have effectively tightened its purse strings.

In the past two years, earmarks have decreased over 98% from 9,129 to 152.  As a result, the cost has dwindled as well by 80% from $16.5 billion to $3.3 billion by end of fiscal 2012.  The CAGW announces these as the lowest amounts in several decades.  However, three-billion in pork barrel spending is still unacceptable and the duplicitous methods congress uses to shield their misdeeds won’t go unnoticed.

The Citizens Against Government Waste has uncovered four earmarks in a State and Foreign Operations bill totaling $114 million for the United Nations Democracy Fund.  Imagine the Obama Administration’s surprise when learning that so much money had been made available for something they didn’t request.  That’s $114 million now up for grabs I guess.  Sheesh, what a waste!   Read more at CNN.com