CA State Slush Funds Flush With Cash
As California politicians begin begging for increased tax revenues, Usually out of the spotlight, special funds make up one-fourth of all state spending and are [...]
What’s the FMV of artwork that cannot be sold? IRS says $65 million
From the NY Times:The object under discussion is "Canyon," a masterwork of 20th-century art created by Robert Rauschenberg that Mrs. Sonnabend’s children inherited when she died [...]
Fresno Water Fight–CSA 51 Goes Down
On July 17th, certain Fresno county island residents voted on CSA 51--which was a proposal to build water pipe lines bringing tap water to some [...]
NY Times: Wealthy Turn to Family Limited Partnerships
New York Times: Family Limited Partnership Video Presentation)
Gov. Brown Forces His Tax Initiative to Top of Ballot–Courts Uphold
Conventional wisdom holds that ballot initiatives listed at the top of the ballot are more likely to pass than those listed at the bottom (slothful [...]
Mandate Constitutional–3.8% Investment Tax Now On Its Way
From the WSJ on the implications of the Supreme Court's health care decision:It really is happening.Until this week, investors were waiting to see what the [...]