Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
Into the Swamplands...Again
It happens every year. No, I'm not talking about school starting (here in Irvine, today is the first day of school), or the leaves changing colors. I'm talking about the corruption arrests in New Jersey.

Various elected officials in New Jersey are now finding themselves under arrest after the FBI set up a sham company in a corruption sting. Eleven individuals were arrested; these include the Mayor of Passaic, Samuel Rivera; Assemblyman Mims Hackett, Jr (who is also Mayor of Orange, NJ); and Assemblyman Alfred Steele, who doubles as the Passaic County Undersheriff. From published reports, it appears that all 11 who were arrested are Democrats.

The defendants are accused of asking for bribes of between $1500 and $17,500. The probe stemmed from last year's corruption scandal in the Pleasantville, NJ school district.

Business as usual continues in New Jersey...

News Stories: New York Times, NorthJersey.com