IRS Does Not Get Hip-Hop And Hold Onto That NOL Substantiation
There is a pretty fascinating story involving Hulk Hogan, which is really beyond the scope of this piece except to note that Hulk Hogan was upset that his daughter, Brooke Hogan, had an offer from a “black billionaire guy” to back her music career, possibly to please his son. There are reports, which I won’t link to that the son was Stack$ and you can find if you look a Brooke Hogan video produced by SoBe.
Overall none of this is very edifying, but I note that Hulk Hogan, to the contrary notwithstanding, Mr. Barker does not appear on the Forbes list of billionaires. The revelation of Hulk Hogan’s remarks came about in some litigation that you can read about in Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue by Ryan Holiday.
Fight Against Chicago Streaming Tax Part Of Larger Struggle To Limit Government
One argument was that the tax violated the Internet Tax Freedom Act because the tax was not imposed on “automatic amusement machines”, which would seem to favor pinball wizards over hardcore gamers. The city does, however, have an annual tax on the machines, which seems a lot more practical than taking a percentage. Also, the City taxes live performances at a lower rate. The court was OK with that because live performances are different than experiencing things on the internet. Who knew?
On that issue of being taxed by the city even when you are not in the city, that is addressed by the Mobile Sourcing Act. And there was a Commerce Clause argument which went nowhere.. All in the plaintiffs seem to have put on a first-class effort, which to me is a little out of proportion to three bucks or so on the Netflix bill.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.