I woke up, turned on a light which generated taxes on utilities, then took a five minute shower which adds to my water bill. I went back to my room and put on deodorant and cologne, which each item is also taxed.
Burger King officially announced yesterday that it's merging with Canadian doughnut chain Tim Hortons, but denied in response to angry accusations and calls for boycotts that it's trying to duck U.S. taxes by reincorporating in lower-tax-rate Canada.
U.S. Senator Sherrod Brown wants Americans to boycott Burger King. The Ohio Democrat is calling for the boycott because of Burger King's weekend announcement that it's in talks to buy Canadian donut chain Tim Hortons.
Only an expert can decipher the nearly 74,000-page U.S. tax code. All told, about 1.2 million tax preparers make a living compiling tax returns and estimates are that about half of them were filed by unregulated preparers.
Preparing your taxes is never a joyful experience. Even if you think that you're going to get a hefty refund, the process is time consuming and oftentimes complicated. So realizing that the 2014 tax season is fast approaching likely isn't cause for rejoicing. And that's before you find out why this year could deliver the most frustrating tax season yet!
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