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FACT Professional Inc.

FACT Professional Inc.

Hosted by FACT Professional, Inc.

Episodes

14

Latest episode

Feb 2024

Language

EN-US

About the show

Do you have questions about filing your taxes? Or how to manage your company's payroll? Or hey, how about the time an arsonist was caught because of an audit, or an entertainer successfully wrote off implants as a business expense? Whether it's hard or fun FACTs you're looking for, we've got them here! Tune in to learn everything you didn't think you needed to know about the world of finance and accounting.

Listen to episodes

14 recent
February 6, 2024Episode 137 min

Taxing Times - 'Mooooo-lah': The History and Economics of the Cow Tax in Ancient Egypt

Today we’re going to travel all the way back to ancient Egypt, where cows were not only sacred animals, but also a symbol of wealth and a source of taxation.So lets moooo-ve it along and jump back thousands of years ago to ancient Egypt! The cow tax was in effect for about 2970 years, it was finally abolished about 2100 years ago!

January 25, 2024Episode 127 min

Taxing Times - Breast Tax: A Symbol of Oppression and Empowerment

Warning, this may not be a great episode for the kiddos to listen to. On this episode we are going back to my ancestor’s roots in India to “cover” or “maybe uncover” the woman’s breast tax. Today’s day and age enforces all woman covering their breasts – as they are a thing of sexuality and promiscuity. However, this has not always been the case – in fact the obligation to cover or even the right to cover one’s breasts varied from time period & culture.

January 18, 2024Episode 116 min

Taxing Times - How Sparkler Tax 'Lit Up' the Debate on Fireworks Regulation

You know what topic we haven't covered yet? Fireworks! Today, we're going to talk about the Sparkler Tax in West Virginia, USA.

January 8, 2024Episode 1010 min

Taxing Times - Cooking the Books: Martha Stewart’s Financial Scandals

We have gone over many unique tax cases over the past few episodes. Starting today I will also be sprinkling in fascinating stories behind some of the most notorious tax evaders in history. Join me on the highs and lows of the domestic guru and media mogul who was convicted of insider trading and tax evasion in the early 2000s…Martha Stewart.

December 28, 2023Episode 98 min

Taxing Times - A Tax on Hot Air Balloons & Fun?!

In this episode, we’ll trace the origins, evolution, and demise of the hot air balloon tax, and we’ll see how it reflected the changing legal, economic, and political realities of the nation.  Additionally we will start delving into the "Amusement Tax" where the US applies additional taxes on Fun!So, let’s inflate our curiosity and find out more about this intriguing and sometimes infuriating tax.

December 21, 2023Episode 810 min

Taxing Times - Sink or Swim: The Tax Court Battles over Pools & Spas

Today we're going to dive into a few different cases on claiming spas and swimming pools. Listen through the whole episode though before you start building a swimming pool in your backyard – because there are times where it has worked and times it unfortunately has not.

December 7, 2023Episode 75 min

Taxing Times - Purr-fect Tax Deduction: How Cat Food Helped a Junkyard Business

This episode is for cat enthusiasts!Today we’re going to follow the story of a couple in the 1970s who owned a junkyard and managed to deduct the cost of cat food from their taxable income. What ensued was a battle with the IRS and some very well fed cats.

December 1, 2023Episode 68 min

Taxing Times - The Golden Stream: Urine Tax & Its Cultural Implications

Warning, this is not an episode for those with a sensitive stomach!Our topic today is one of the most bizarre and stinky taxes ever imposed. The urine tax in ancient Rome. Yes, you heard that right. The Romans actually taxed urine. And not just any urine, but the urine that was collected from public toilets.Join me today to learn more about the Urine Tax.

November 16, 2023Episode 57 min

Taxing Times - Top Hats to Tax Evasion: The Curious History of the Hat Tax

We are going to explore another way that the English government squeezed money out of their people. Adding to the list of bizarre British taxes is… the English hat tax. Join me for this journey of hats, tax evasion, and even execution!

November 9, 2023Episode 45 min

Taxing Times - The Beard Tax: A Hairy History of Shaving & Society

Today, we're going to talk about one of the most bizarre taxes in history. The beard tax. Yes, you heard that right. There was a time when some men had to pay for the privilege of having facial hair. And no, this was not some hipster trend or a way to raise money for charity. This was a serious policy implemented by none other than Peter the Great, the Tsar of Russia in the 18th century.

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