Tagged: IRS

How the rich are using a small amount of livestock to save big bucks on their taxes.

Many religious traditions stress the importance of charity. But Mormons are remarkable for the amount and the precision with which they give to their church.

The Church of Jesus Christ of Latter-day Saints teaches that each Mormon in good standing should tithe 10 percent of his or her income. The money goes right to church headquarters in Salt Lake City and then is distributed back to congregations around the world.

"That's written in stone, and preached from the pulpit," says Gordon Dahl, an economist at the University of California, San Diego, who is Mormon.

But while the church is very precise about that figure — 10 percent of income — it does not tell its members what income means.

There’s National Pi Day...that’s P-I for the mathematicians.

There’s talk like a Pirate Day....ARRRGH... and then there’s today- January 27th, the IRS’s Earned Income Tax Credit Day.

Who knew?

Usually infomercials sound too good to be true, right?

“The Ginsu 2000 can saw a lead pipe and still slice a tomato like this. The legend is back..” 

You expect this kind of shtick from a company peddling steak knives.

But the IRS?

“Oh the things you would do if you just had some extra money, right? Well, maybe you do have money waiting for you....At the IRS....You’re kidding, right?”

They’re not.

The IRS says every year taxpayers leave billions of on the table.

Amid the kerfluffle over the payroll tax, you might now know how teachers, ethanol producers, and even American Samoans are getting dinged this year.