California Bill Would Allow Marijuana Business Owners to Deduct Expenses from State Taxes, Help Nullify Federal Prohibition

SACRAMENTO. Calif. (Jan. 17, 2018) – A bill filled in the California Assembly would sever a link between state and federal tax law, allowing individuals to deduct expenses from legal marijuana businesses for state income tax purposes. Passage of the bill would encourage the growth of the legal marijuana market in California and further nullify unconstitutional…

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Soaking the Rich: Why Warren Buffett is All Wet

There has been a lot of discussion lately about taxing the “rich” among us. In a recent ABC News interview, Nebraska’s own Warren Buffett stole a line from Dickens’ character Oliver Twist — “Please, sir, I want some more.” Oliver, an eight-year-old orphan, sought another portion of gruel at the workhouse where he was brought [...]

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