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Europe stocks waver | FTSE 100 regains ground
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There’s still too many gold market bulls, says Hulbert

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No. 1 restaurant for ‘breakfastarians’ is ...
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Never use a market order when stocks are selling off

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Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

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Rate-hike question is what Yellen didn’t want
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What to expect at September Apple event
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U.S. car sales are stronger than expected

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171.39MDow Volume:
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5264
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Price Chg %Chg 1 Day
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Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -2 0.10%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Oil
/quotes/zigman/2331095/delayed 44.38 -1.03 2.27%
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/quotes/zigman/3173262/delayed 6,079 +20 0.33%
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/quotes/zigman/2380246/delayed 10,052 +36 0.36%
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Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
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/quotes/zigman/1652085/delayed 25,454 -243 0.95%
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/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.35%
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/quotes/zigman/16008150/realtime/sampled 120.04 +0.67 0.56%
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/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.12%
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/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.28%
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/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.66%
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/quotes/zigman/15866497/realtime 1.99 -0.01 0.38%
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AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
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5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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The Tax Blog
The latest news, insights and tips about taxes

Celebrity Tax-Dodgers Keep the IRS Busy

Roll out the red carpet. The 2010 tax season will probably introduce a star-studded cast of tax evaders, many of whom are already on the IRS’s blacklist.

Reuters

These celeb tax dodgers help contribute (at least in a small way) to what the IRS estimates to be a $290 billion tax gap—the difference between what’s reported and what’s owed, according to latest data.

Check out who among the elite of the silver screen, television screen and radio waves is hiding from Uncle Sam in the limelight.

Val Kilmer: Even Iceman can’t outmaneuver the IRS. The actor, whose mug has been on the screens with Top Gun, Batman and Heat, among other Hollywood blockbusters, faces a $500,000 lien against his 6,000-acre New Mexico ranch for unpaid 2008 taxes. That comes less than a year after Kilmer settled another $538,858 of owed taxes. To help square away his latest debt, Kilmer discounted the price tag on his ranch to $18.5 million from $23 million (and from an original asking price of $33 million).

Richard Hatch: Federal prosecutors in Rhode Island want to throw the former “Survivor” winner back behind bars for allegedly violating the terms of his three-year supervised release when he refused to file amended tax returns for 2000 and 2001.

Associated Press

Hatch, convicted in 2006 for failing to pay taxes on the $1 million in the show’s prize money, already spent three years in jail from 2006 to 2009, and he still owes about $1.7 million in back taxes. The reality-TV star claims he didn’t re-file because he has an appeal pending in the U.S. Tax Court. The argument apparently doesn’t hold water for the Assistant U.S. Attorney, whose directive could leave Hatch serving up to two more years in the hole. Suddenly, those long-ago trials on that tiny Malaysian island are looking like a walk in the park.

Nas: The IRS hopes the latest $6.46 million lien against the hip-hop star will put a wrap on his deadbeat filing habits. Beyond the bad blood he’s established with the IRS, the rapper is widely known for his years-long feud with rival hip-hop artist Jay-Z. Nas’s hefty bill adds three separate liens filed since 2009, the oldest of which is filed against a Georgia home. Even the rapper’s Queens condominium association has smacked the artist with a $3,860 lien for failing to pay his $420 monthly assessment since last January.

Wesley Snipes: As if ruffling the IRS wasn’t enough, the Blade-trilogy star’s failed attempt to remain free on bail roused the U.S. Marshal’s office last month to haul him to prison to start his three-year sentence for tax evasion.  In 2006 Snipes was charged with trying to illegally collect a $7.3 million tax refund, and for failure to file returns from 2000 to 2005. Just two years later the actor was convicted of willful failure to file three income tax returns. Prosecutors argued the actor has ducked taxes since 1999 on income of more than $38 million.

Leona Helmsley once said, “Only the little people pay taxes.” Readers, do you think celebs believe their “bigness” exempts them from ponying up money for Uncle Sam like the rest of us? Should courts dole out harsher sentences to the rich and famous?

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    • By WebOsPublisher

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    • not necessarily “harsher” than what would be levied against non-celebrity citizens, but definitely NOT given any special treatment. btw, how many of these tax-dodgers are among the Hollywood elite that whine about the need for infinite social programs? …..just sayin

    • The IRS is and acts as a crimal enterprise. It does not serve any purpose to the people, other than to enslave. We recieve absolutly no benefit from the federal tax. It only serves the Politicians and the Federal Reserve in their pursuit of criminal actiivity against the taxpayer at large. Americans are Tax Slaves…

    • Isn’t it revealing that the same people who trumpet loudly about social responsibility and promote extreme liberal ideas (and presidents) that strap taxpayers with tax bills of epic proportions are the same people who dodge paying taxes on the wasteful agenda they promote. It is also worth pondering that this attitude of being above the law is shared equally between degenerate Hollywood and corrupt Congress.

    • The elitist crowd, which includes hollywood celebs and Washington DC political types, are convinced that they are above taxes and the laws. Unfortunately most of the time they do get preferential treatment, not harsher sentences! Heck, I would take “censure” for not paying my taxes..oh pleeeeze. As long as they are socializing with the lawmakers (didn’t Jennifer Lopez and hubby just go to a superbowl party at the whitehouse?) they will continue to enjoy their special status. Money makes the world go around people, when you can donate millions to the prez, you too will enjoy exemption from the rules the “little people” have to abide by. Stop supporting hollywood and they won’t have the $$ for all that leverage.

About The Tax Blog

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (SmartMoney.com), retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at thetaxblog@dowjones.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.8% /quotes/zigman/38649152/delayed DOW +0.8% /quotes/zigman/30356458/delayed NASDAQ +0.8%

need to know
Europe stocks waver | FTSE 100 regains ground
Chinese stocks rebound from earlier selloff

Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
Brent back below $50 as oil prices keep sliding
China tightens controls to fight capital outflows
Morgan Stanley cuts S&P 500 price target
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


China stock market to close for World War II anniversary

There’s still too many gold market bulls, says Hulbert

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Babe Ruth’s New York apartment is for sale

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

September — the cruelest month for stocks?
What Wall Street swoon means for your money

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353896

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -2 0.10%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Oil
/quotes/zigman/2331095/delayed 44.38 -1.03 2.27%
FTSE 100
/quotes/zigman/3173262/delayed 6,079 +20 0.33%
DAX
/quotes/zigman/2380246/delayed 10,052 +36 0.36%
CAC 40
/quotes/zigman/3173214/delayed 4,558 +17 0.37%
FTSE MIB
/quotes/zigman/1482176/delayed 21,660 +208 0.97%
IBEX 35
/quotes/zigman/2759620/delayed 9,986 -7 0.07%
Stoxx 600
/quotes/zigman/2380150/delayed 354 +1 0.18%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -15 0.55%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.35%
Yen
/quotes/zigman/16008150/realtime/sampled 120.04 +0.67 0.56%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.28%
DXY Index
/quotes/zigman/1652083/delayed 95.69 +0.31 0.33%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.48 +0.32 0.36%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.66%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.38%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.27%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Corn
/quotes/zigman/7599553/delayed 369 0 0.00%
DJIA F
/quotes/zigman/38649152/delayed 16,214 +127 0.79%
S&P F
/quotes/zigman/30356461/delayed 1,931 +15 0.80%
Silver
/quotes/zigman/3134148/delayed 15 0 0.65%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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