Taxes

President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital Insurance (HI) Trust Fund. Two highly placed sources say the proposal may be included in the budget Biden is due to release on March 9. Shifting those funds from general

George Harrison’s 80th birthday was February 25 of this year, and in preparing for a live webinar with his first wife, Pattie Boyd, I have been struck by the following lessons that can be learned from his life and experience. I will be discussing these points and other aspects of personal and professional achievement and

In the immediate aftermath of the NCAA pretty much throwing in the towel two years ago on trying to regulate the circumstances under which student athletes might be paid for use of their publicity rights — “name, image, and likeness” —, there was a flood of so-called “collective” activity in what might be called the

Most people think of sunken treasure like gold coins or bullion, but whiskey is sometimes be recovered too. If it’s well preserved, it can be invaluable. In 2021, a single bottle of scotch salvaged from the SS Politician off the coast of Scotland brought £12,925 at auction. Now, 280 barrels of American whiskey could be

On June 7, 2021, Alex Murdaugh called police from his cell phone to report that he had discovered the bodies of his wife, Margaret “Maggie” Murdaugh, and son, Paul Murdaugh on the family’s 1,800-acre property. Last week, Murdaugh took the witness stand for two days to deny he was the one to pull the trigger.

Watching the explosion of activity in the name, image, and likeness “collective” space, one might easily forget that neither the 2015 decision of the 9th Circuit federal appeals court in O’Bannon nor the 2021 decision of the Supreme Court in Alston, affirming another decision of the 9th Circuit, had anything to do with third party

This article is not about the death of amateurism in intercollegiate sports. Others can debate whether we are on the right path, and where that path might lead. This article covers the explosion of so-called “collectives” managing the monetization of “name, image, and likeness” (NIL) rights of college athletes. And in particular, what the “collective”

The countdown to December 31 is on. If the OECD’s pillar 1 multilateral convention (MLC) is not in effect by that date, members of the OECD inclusive framework will be free to impose new digital services taxes, ending their pledge to refrain from doing so. However, there are concerns the OECD might not meet that

The Supreme Court will hear oral arguments this week on the constitutionality of President Biden’s attempt to cancel up to $20,000 in student loans per borrower via executive action last year. Many proponents, including the Biden administration itself, have argued that not only is the move itself legal but that it is wrong for the

We’re almost halfway through the tax season. I know it doesn’t feel like that in February, but it’s true. Tax season opened on Jan. 23, 2023, and will run until Apr. 18, 2023. That’s a total of 86 days. I’m writing this on Feb. 27, 2023—the 36th day of tax season. That’s just nearly 42%