[With apologies to Scott Johnson, of My Extra Life fame, for his coinage of phrase.]
Dear President Obama, what the crap?
Obama is apparently considering using a machine that would suck up smog and shoot it into the upper atmosphereâ€”reflecting the sun’s raysâ€”as a way to fight global warming. I’m not joking.
Dear IRS, what the crap?
Tax deductions you’ve never heard of, including allowances for kidnapped children:
Back in 2000, the Internal Revenue Service issued a ruling that members of Congress called “cruel, heartless and anti-family.” It said that parents of a child that had been kidnapped could only claim the child as a dependent for the year in which the child had been kidnapped, not for later years. Congress threatened to write a law to remedy the situation, but the IRS quickly revised its ruling. Now parents whose child has been kidnapped can continue to take all credits and exclusions for which they would be eligible if the child still lived with them, until the child would be 18 years old or is found dead. The one caveat: the child must have been abducted by a stranger and not a family member.
We have a really screwed up tax system…
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