Fake Tax Cuts, Terrifying Foreclosure Videos, Dog Taxes, and More

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We’re all bracing for the next debate, but the taxosphere is rolling right along. Today brought in still more outraged comments about the bailout/stabilization plan/boondoggle-upon-a-boondoggle-upon-a-boondoggle. There’s a lot to catch up on in today’s tax blog posts:

• Karl Okamoto at Conglomerate notes that the new bailout bill ends a tax loophole for hedge fund managers. Could be good news, but since I’ve never heard a hedge fund manager’s fees quoted in terms of after-tax income, this might just mean that investors will learn to pay the two point five and twenty-five.
• Lubna Kably of Talking Tax offers a collection of the weirdest taxes around the world. I’m voting for the Netherlands Dogs-Per-Household tax as, by far, the weirdest. There’s no way this didn’t start as a practical joke.