Last week in review July 6th 2008

Making a Mid-Year Tax Projection is a must. I usually don’t read this blog By William Perez but it was asked about by a client and is much needed information - - Wish I had thought of it to post - - July is a good time to do some quick tax math and make projections for how your taxes might look for the full year. That’s because you’ll have a full six months of financial information to make some reasonable assumptions about your income for the whole year.

 

A By-The-Numbers Look at Why Saving Is More Important Than Perfect Investment Choices

Written by Trent at the simple dollar

 

Judge: Pringles Are Not Potato Chips, So Are Exempt From U.K. 17.5% Potato Chip Tax

What better fodder for the 4th of July than Pringles and a British tax decision:  Procter & Gamble UK v. Revenue & Customs, [2008] EWHC 1558 (Ch) (7/4/08).  As reported in Bloomberg:  Pringles Are Not Potato Chips, Judge Says in Tax Case, by James Lumley: Pringles, Procter & Gamble Co.’s salty snack stacked in a tube, are not potato chips, a London judge ruled today in a tax dispute. Pringles don’t fulfill the legal definition of “potato crisp,” the British word for “chip,” allowing them to be sold tax free in the U.K.,

 

“Crocodile Dundee” Actor Investigated on 2 Continents  excuse me?

 

Learn to Trade Stocks Online & Risk-Free at Wall Street Survivor

 Have you been thinking about investing but really have no clue when it comes to stocks or how the stock market works. Madoline and Penelope have found a place to practice. A site called Wall Street Survivor, an online stock investing game where you can learn to trade stocks risk-free online in real time. Want to invest, this is a must.

 

 

The constitutionality of online taxes   Taxes now will be collected based on the location of the buyer, not the location of the seller. Washington state’s changed  tax system from origin-based to destination-based for shipped goods. Kay Bell “Don’t mess with Taxes” has the full story on this.

 I watch the gas prices jump 10 cents one day and drop 3 cents over the next four days, only to jump another 10 or eleven cents again. Andy  at $aving to Invest has Easy ways to cope with higher gas .  

 

Who Benefitted From the Economic Stimulus Plan? According to the taxgirl Tax professionals for sure.

However as reported by Greg Mankiw at Roth and Company PC, An independent market-research firm, AIMRCo (Adult Internet Market Research Company), has discovered that many websites focused on adult or erotic material have experienced an upswing in sales in the recent weeks since checks have appeared in millions of Americans’ mailboxes across the country. Many of the sites surveyed have reported 20-30% growth in membership rates. . . 

 

 . . .typically the summer is a slow period for this market.