Roy Moore has made it officially, he has formed an exploratory committee in contemplation of a run for the office of the President.
You can read our coverage of his announcement here: Roy Moore POTUS Bid Officially Underway.
Meet Entitlement Eric - Robot Pimp
Wherein I Solve World Peace - Lampshade, Esq.
IBR and You, and You, and You Too - Robot Pimp
A Necessary Delusion - Shadow Hand
Do you even need to shave overhead? - Lawyerlite
LSAT Jenga - Publius Picasso
JD vs MFA - BL1Y
The ABA Picks Its Battles - Publius Picasso
For tax day, we thought we'd provide you with some articles likely to get you all riled up.
First, a look at how people who make a lot more money than you use tax breaks to pay a lot less. [Super rich see federal taxes drop dramatically, Yahoo via AP]
Here's a great article on where all that bailout money went to, such as $220 million in non-recourse loans to Wall St. wives with little or no business experience, and a $35 billion, 0.25% interest rate loan to a bank that is 59% owned by Libya (not the rebels, but the country run by an admitted terrorist). [The Real Housewives of Wall St., Rolling Stone]
And finally, a little bit of tax advice to the 0Ls of the world. Form a law firm before going to school. You won't be getting an office, a shingle, business cards, or even a website. All you need is a bank account and maybe file some "Doing Business As" forms with the state. But, since you won't actually be practicing law, don't worry, you're not running afoul of ethics rules.
Then, take out your student loans in the name of the firm, rather than your own name. No, this won't create any sort of limited liability and get you off the hook for paying, because odds are you will have to personally guarantee the loans. But, what you can do is when you start paying back your loans, pay from the company account, and deduct that from your taxable income, cost of doing business.
If you get hired by a firm, the money will end up going to you, not to your shell company, so you won't be able to use this trick. But, if you end up as a solo practitioner, or can find a firm willing to play along and hire you as an independent contractor, you can end up getting a major tax break.
We're not actually sure if this is a legit strategy, but being charged with tax evasion means you have to know for a fact that what you're doing is illegal. We think there's a reasonable enough argument that this is legit, so at worst you'll just have to pay back what you owe plus a little interest. That's what you would have paid anyways, and if the interest the IRS charges is less than the rate on your loans, you still come out ahead.
Really though, this probably would work. If you were at a firm and that firm paid for you to get an LLM, they would be able to deduct the amount they paid from their taxable income. What's more, your student loans are in fact a business expense, at least in the common understanding of what a business expense is, so no need to feel like you're doing anything unethical. You're simply fixing a hole in the tax code.
"The shipping business can be worse than the Wild West, the normal rule of law just doesn't apply in some places and it takes a long time for things to change."
Max Hardberger and is team have a very unique job, they steal ships -- from pirates. When shipping companies lose their craft to pirates and don't want to pay the huge ransoms, they turn to Hardberger. He and his crew have rescued about 15 ships.
And, it's been done without killing a single pirate. Instead, they have a strict policy of catch and release. After all, if you get rid of the all the pirates, business will dry up. Better to keep them out there and operating, especially since you know they're the crappy pirates you can easily get ships back from.
Hardberger graduated from Northwestern California Law School in 1998 and has practiced maritime law. But, before you add anti-pirate to the list of careers having a law degree opens up to you, note that the rest of his crew are all former soldiers with combat experience.
Great! That law degree means you get to be captain of your anti-pirate operation!
Hardberger has also worked as a pilot, English teacher, insurance adjuster, and blues drummer.
Ex-Alabama Chief Justice Roy Moore hinted at an Ohio tea party rally that he will be making his Presidential bid official on Monday.
"What's planned for my future? Next Monday, I'll let you know."
It's unclear though whether he meant the 18th or the 25th, but either way, we will keep you posted on what is sure to be a source of lasting amusement.
"Rights come from God -- and to secure those rights is the role of government.
"Are we slaves? Well, there's a lot of people out there that don't really care about this. They don't know we've lost the most precious thing we have. The war is inevitable. We've got to fight. Let it begin."
And of course, what's a post about Roy Moore without a video? Here's another version of his gubernatorial jingle, this time with indisputable proof that black people like Roy Moore.
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