A Story That will Tug at your Heart Strings!

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In Germany, a family owing a debt had the family dog seized by the city of Ahlen. The City then sold the dog on EBay in order to pay for the debt. Questions: 1. What were the other assets that they considered seizing? 2. Who bought the dog and what was the new owner skeptical… Read more »

Are you one of them?

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When millions of Americans began filling out their 2018 taxes, they were surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds. Questions: 1. How are some people protesting via social media? 2. Why have refunds decreased? 3. How… Read more »

Biggest Ever!

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Cyber Monday proves to be the biggest shopping day ever! Because of this, according to Bloomberg, Cyber Monday may provide a big revenue boom for state and local governments. Questions: 1. What is the reason for the big revenue boom for state and local governments? 2. According to Kroll Bond Rating Agency, how much revenue… Read more »

Tough Times for the IRS

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Audits and criminal referrals are down sharply by the IRS since Congress cut the tax agency’s budget and management changed priorities. Questions: 1. How many cases did the IRS’s criminal division bring last year? 2. How many cases did the IRS’s criminal division bring in 2010? 3. According to the IRS’s estimates, how much in… Read more »

Seattle’s Creative Accounting

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According to The Week, a nine-person panel unanimously approved a new $275-per-employee tax on big companies (like Amazon) in Seattle, in order to raise about $48 million annually for homeless services. Questions: 1. In Seattle, how much has the number of people sleeping on the street grown by over the period from 2015to 2017? 2…. Read more »

Trickle Down Tax Cuts from 2017

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Berkshire recorded a hefty windfall from the tax bill that Congress passed at the end of last year. Questions: 1. According to the article, the 2017 tax cut was 2/3 of Berkshire Hathaway’s 2017 Earnings. How much were the earnings and how much (in dollars) was the tax cut? 2. In the past, how did… Read more »

Driving a Car in Manhattan may get pricey!

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Under a major proposal prepared for Gov. Andrew M. Cuomo, driving a car into the most congested parts of Manhattan under the new pay-to-drive plan would cost about $11.52. Questions: 1. What are the two goals of the plan? 2. What will trucks and taxis pay? 3. Who originally promoted the plan? 4. How much… Read more »

Devastating Blow to Graduate Researchers

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According to the New York TImes, Republicans in the House of Representatives have just passed a tax bill that would devastate graduate research in the United States. Questions: 1. What would be the result if universities try to cover the tuition that will now be taxed for graduate students? 2. How does the American public… Read more »

What would you do?

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According to the Washington Post, the residents of Presidio Terrace, which is an oval-shaped privately owned street commonly known as one of the most exclusive communities in San Francisco, learned the that someone could buy their entire street. Questions: 1. Why was it possible to own Presidio Terrace? 2. How many bidders did Ms. Lam… Read more »

From White House to the Big House?

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It was only a week ago that President Donald Trump was praising Caterpillar Co. for producing such great bulldozers, as he met with company Chairman Doug Oberhelman at the White House. Less than a week later, officials from the Commerce Department, Internal Revenue Service, Federal Deposit Insurance Corp. and Illinois State Police moved in and… Read more »