Celebrity Feed

The Donald sure knows how to sell, that's for sure. As part of Trump's just-released tax plan, in April some taxpayers won't owe the Internal Revenue Service a red cent. But they still will get to send in a form, one that simply says, "I win!" What person wouldn't welcome no taxes and an in-your-face message to the hated IRS? Well, some sane people who question whether, despite Trump's promises, that his repackaging of a trickle-down tax system will work might have their doubts. But The Donald hasn't ever let the haters-gonna-hate crowd stop him. Zero tax bracket: The no-tax... Read more →

You've got to give props to Italian tax officials for their persistence. Last fall, Italy's highest court overturned the tax evasion convictions of fashion icons Domenico Dolce and Stefano Gabbana, whose luxe label bears their surnames. That, however, has not deterred Italian tax collectors. Now they are going after high-end jewelers Paolo and Nicola Bulgari. The brothers, whose watches and bracelets adorn the wrists of the world's wealthy, are accused of tax evasion. An item from the new Bulgari, or BVLGARI in the trademarked classical Latin lettering that appears in their packaging and ads, line of Serpenti jewelry. Click image... Read more →

Domenico Dolce and Stefano Gabbana, founders of the high-end Italian fashion label Dolce & Gabbana, are no longer convicted tax evaders. Italy's highest court on Oct. 24 overturned two lower court convictions that the duo had participated in what Italian prosecutors called a "sophisticated tax fraud" scheme. Dolce and Gabbana had been found guilty in April 2013 of using a Luxembourg holding company to avoid paying taxes of €200 million ($253.39 million U.S. as of this morning's exchange rate) on royalties for sales in 2004 and 2005. That sizable chunk -- I'm going with the more than $253 million U.S.... Read more →

Fashionistas are wrapping up a month of shows that have taken them from New York to London to Milan and now Paris. One big name designer, however, might not be paying as close attention as usual to the City of Light's catwalks this week. A couple of Prada executives have taxes instead of tailleur on their minds. A month of global fashion weeks, during which designers preview their coming spring and fall clothing lines, concludes this week in Paris. Click the image for a glimpse of what the rich and famous might be wearing in early 2015. Prada chairwoman Miuccia... Read more →

Count me among those who were around for the first Saturday Night Live, or SNL as it's known in this acronym age, show 39 years ago. Also count me among those who firmly believe the original cast (plus Bill Murray a few years later) and quality of their skits were the best ever. Tom Snyder interviews Lorne Michaels and the original SNL cast before the show's debut on Oct. 11, 1975. Don't worry. This isn't going to be a nostalgic geezer stroll down TV Land lane. Although I have fond memories of the original, I also happily acknowledge that some... Read more →

Thirty-seven years ago the musical world was in shocked mourning. Just a day earlier, Aug. 16, 1977, Elvis Aaron Presley had died. Many people can still tell you where they were on that Tuesday afternoon more than three decades ago when they got the news that the King was dead. I can't. I was probably in a class at Texas Tech University. But I wasn't then and am not now a big Elvis fan (despite what I've discovered is a surprising number of Elvis-related blog posts), so it doesn't stick in my memory. Still, I recognize his place in the... Read more →

Sad that Kimye's wedding is over? Me neither. But I am surprised that Kim Kardashian and Kanye West didn't milk their nuptials for even more attention. Yes, given all the pop culture magazines that line my grocery's checkout stands and the tabloid style television shows that fill too many hours, that would have been very possible. Now all we've got is the countdown of whether these vows last longer than Kim's last tying of the knot. At least celebrity romance addicts won't be left wanting for long. They now can focus on the upcoming "I do's" between George Clooney and... Read more →

U.S. VP Joe Biden, HBO 'Veep' Selina Meyer hang out

Yeah, I watched the White House Correspondents Dinner last night. I admit it. As well as being a tax geek I'm an unashamed political wonk. You can't spend almost 20 years in Washington, D.C., and not have some of it stick with you even after you leave. And yeah, President Obama was pretty witty, although he still too often tends to be amused at his own jokes. As has come to be expected at the event, the president poked some self-deprecating fun at himself, mostly connected with the botched federal health care exchange opening. Obama also got off some decent... Read more →

Jimmy Fallon, the new host of NBC's iconic The Tonight Show, was born in Brooklyn and grew up in Saugerties, about 100 miles due north of New York City. After a brief stint on the West Coast, Fallon moved back to his birthplace, landed a job on Saturday Night Live and the rest, as the saying goes, is history. Live weeknights from New York: So it's no surprise that Fallon didn't want to leave the town so nice they named it twice when he got his shot at helming late-night television's most popular network program. NBC executives agreed with the... Read more →

It's that time of year again. Movie studios roll out some big productions in the hopes of generating ticket sales as well as Oscars buzz. Many movies nowadays are made in part with help from tax breaks. But a couple of states are looking more closely at how and how much taxpayer money they hand out to movie makers. Beyond New York, New York: Empire State Gov. Andrew Cuomo last week vetoed a bill that would have extended New York's supplemental film tax credit to 14 counties in the Hudson Valley and greater Albany, N.Y., area. The Democratic governor said... Read more →

Italian fashion designers Domenico Dolce and Stefano Gabbana have officially filed an appeal of their tax evasion conviction. Both men were sentenced in June to one year and eight months each in prison after being found guilty of contributing to tax declaration omissions in the 2004 sale of some of their clothing lines to Gado, a Luxembourg-based holding company. The sale, argued prosecutors, allowed Dolce & Gabbana, as their brand is known, to avoid Italy's high rate by paying a lower tax in Luxembourg. D&G have consistently denied the charges. Their 90-page appeal document, filed this week at Milan's courthouse,... Read more →

Sophia Loren, Italy's most renowned, honored and for moviegoers of a certain age hottest actress has been cleared of tax evasion charges after nearly 40 years. You read that right. The 79-year-old actress was convicted of and served jail time on charges from 39 years ago that she did not pay taxes on some film earnings. At issue was Loren's 1974 tax return. She declared less income to Italian tax authorities that filing year because, argued Loren, her compensation for work on Vittorio De Sica's The Voyage/Il Viaggio was deferred. That payment arrangement dropped her into a lower tax bracket,... Read more →

"Stay (Faraway, So Close)" isn't just the title of a U2 song. It's a good description of the popular Irish rock band's tax situation. The band, fronted by Bono and The Edge, has sold more than 150 million records and is estimated to be worth around €805 million ($1.1 billion U.S.). And like lots of businesses and their wealthy owners, U2 found a way to reduce its taxes. U2 moved part of its operation from its native Ireland just across the North Sea to Holland in 2006 to take advantage of that country's lower tax rate. The reason? Ireland capped... Read more →

Haute couture designers Dolce & Gabbana have learned a lesson from their run-in with Italian tax authorities, but definitely not in the style of those of us who shop off the rack. While we might have hunkered down and tried to keep a low profile as we battled the tax collector, D&G decided to flaunt riches this weekend on a Milan runway. Click image to see video of the Milan show. High fashion tax evasion charges: In case you don't read Women's Wear Daily or international tax journals, Domenico Dolce and Stefano Gabbana were convicted in June of failing to... Read more →

Fat Joe has traded in his fur coat for an orange prison jumpsuit. The popular rapper, whose real name is Joseph Cartagena, surrendered Monday, Aug. 26, to officials at the Federal Detention Center in Miami, where he lives. Cartagena, 42, will serve four months in Club Fed for tax evasion. He pleaded guilty in December 2012 to failing to pay the Internal Revenue Service tax due on $1 million he earned in 2007 and 2008. Federal prosecutors had charged that Cartagena made more than $3 million between 2007 and 2010, owing around $700,000 in taxes on the money. In addition... Read more →

French actor Gerard Depardieu is now Belgian actor Gerard Depardieu. The award-winning actor raised eyebrows last year when he decided to take up residency in Belgium after the Socialist government in his native France sought to impose a 75 percent tax rate on annual incomes over 1 million euros, or around $1.34 million U.S. Depardieu decided to move 800 yards across the French border to the village of Nechin, Belgium. It already had earned a global reputation as being the spot for French nationals disillusioned with their country. On Saturday, Aug. 24, those expatriate French got a taste of home... Read more →

Ella Mae celebrates Elvis, who is still popular -- and a big earner -- 36 years after his Aug. 16, 1977, death

I am not an Elvis Presley fan, but I grew up with his music. I also fondly remember those hot summer nights at the drive-in in Kermit where we went to see his movies because my dad was a fan. My listening preferences aside, however, I do recognize Elvis' place in musical history. So does Ella Mae. Ella Mae is a cutie pie, a 21-month-old girl who, like me, adores her daddy and, unlike me, loves Elvis. She also looks to have a bright musical future. Check out both Ella Mae's great relationship with her chauffeur father and her melodic... Read more →

You know you are a beyond-all-hope tax geek when you see a headline like the one below and immediately think "Why did Buffy hire a ringer to do her taxes and what exactly is a tax ringer?" instead of realizing that the story is using one of the other possible, non-IRS meanings for "taxing." Tax Forum focus: In my defense, it's been a long day. Who can tell me why every road in North Texas is under construction? But, despite road crews' and detours' best efforts, I'm finally settling into my hotel room just outside of lovely Grapevine, Texas, where... Read more →

James Gandolfini's unexpected death last month in Italy is back in the news, this time because a large portion of the actor's $70 million estate reportedly will be subject to the federal estate tax. The will left by Gandolfini, best known as the complex mob boss Tony Soprano in the HBO television series "The Sopranos," is "a disaster," says a New York estate tax attorney. William Zabel, who was asked by the Daily News to review Gandolfini's will, says the document is "a nightmare from a tax standpoint." The 51-year-old actor made a "big mistake" by leaving 80 percent of... Read more →

Yet another high-profile marriage apparently is about to end in divorce. Media mogul Rupert Murdoch has filed for divorce from Wendi Deng, his third wife of 14 years. The 82-year-old head of News Corporation and his 44-year-old wife are the parents of two young daughters. Expect the breakup to be messy. Murdoch is worth a reported $11.2 billion that comes from News Corp, corporate parent of, to name a few, Fox News, various entertainment TV outlets, a film studio and a publishing empire that counts the Wall Street Journal among its holdings. When Murdoch and his second wife divorced in... Read more →