taxes

Hackers Take Advantage of People's Tax Returns

Episode 1379

Hacker

Hackers have been stealing people's information, filing their returns, and getting the refund. Last year, the IRS noticed that the FAFSA online system could get enough personal information that it could be used by hackers. In October, the IRS sent a memo to the Department of Education saying that the system could be abused. But because up to 15 million people used the system out of convenience, they kept it online. In February, the IRS noticed a pattern of fraudulent activity, and shut it down last month.

How can cities tax streaming services?

Seth from Long Beach, CA

Episode 1339

Seth is hearing that some cities want to tax streaming services. Leo says that is horrible. Pasadena is charging 9.4% on each streaming service starting in January. The argument is that cities are losing revenue due to cord cutting. 9.4% is a high percentage, and isn't it taxing citizens twice? They already tax the internet access, so why would people have to pay that tax twice because of streaming? It's also highly problematic from a net neutrality aspect. Will they pick and chose what services to tax? All bits should be treated equally.