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Fairy Tale Taxes
In golf, you keep your head down and follow through. In the vice presidency, you keep your head up and follow through. It's a big difference.
~Dan Quayle
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George Washington, Thomas Jefferson, and John Adams were all avid collectors and players of marbles. In their day, marbles were called "small bowls" and were as popular with adults as with children.
The tax advisor had just read the story of Cinderella to his four-year-old daughter for the first time.
The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach.
Suddenly she piped up, "Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"
