The index may not be completely accurate — for example, the ten lords-a-leaping are valued using the cost of male ballet dancers rather than board-certified British lords. As for the eight maids-a-milking, well, "cows not included." But still, it got us wondering . . . what sort of taxes are we looking at on the whole affair?
Read MoreThere's an infrastructure bill with $1 trillion for roads, bridges, climate resilience, and broadband access. There's a budget reconciliation package with another $1.75 trillion for fighting climate change, child care and universal pre-kindergarten, and extending the expanded child tax credit.
Read MoreThe Service has been auditing and, in appropriate cases, penalizing individual promotors for years. In 2016, they made easements offering deductions greater than 250% of cash contributions a "listed transaction" subject to special disclosures.
Read MoreNow a new generation of inheritors has risen to take their place atop Bloomberg's just-released list of the world's richest families. The Walton family, heirs of Walmart founder Sam Walton, bring home the gold with $238.2 billion. The Mars family, descendants of secretive Forrest Mars, bring home the silver with $141.9 billion. (Folks sure do eat a lot of M&Ms.) Finally, the Koch family brings home the bronze with $124.4 billion. (Kind of fascinating how the money gets made in cities like Bentonville and Wichita before getting squandered in places like New York City, right?)
Read MoreIt shouldn't surprise you, then, when taxes reach deeper into every choice Uncle Sam makes, too. This gets harder and harder as Congress looks more and more like the monkey cage at the zoo, or maybe a class of rowdy fifth-graders, just moments after the substitute teacher leaves class to personally deliver her resignation to the principal. Which brings us to this week's story.
Read MoreWe're collecting almost $12 billion/day, and we're still $29 trillion in the hole! Clearly, we need some creative thinking. So why not turn to some lesser-known taxes that different governments have used to help make ends meet? Last week we looked at windows, beards, wig powder, and baby names. What else should we be taxing to fill the hole?
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