Early Saturday morning (June 11th), the AP reported a New York state court ruled alcohol-free strip clubs will be forced to tax lap dances because they don’t qualify for a state tax exemption as “dramatic or musical arts performances.” This was in response to an Albany club called, “Nite Moves”, which apparently owes more than $125,000 in back taxes from 2005. The club’s lawyer stated, “We admit the ballet is a little different and maybe a little more finely tuned.” Read our reaction after the jump.

Since 1955,  April 15th has always been referred to as “Tax Day”, the final day to file one’s federal and state income tax returns. This year, the deadline was extended to Monday, April 18th. As the “tax man cometh”, the gainfully employed scurry to ensure they end up receiving and not owing. That is, unless you’re a “tax cheat”. The list of modern history’s most notorious tax cheats is a veritable who’s who of murderers, pornographers, actors and run-of-the-mill wackos. But regardless of their background, color, race, religion, or creed, they all have one thing in common: they were all very rich when they committed their tax crimes. See our list of America’s most infamous tax cheats after the jump!

Getting prepped for the 2012 apocalypse? Well, you might want to start gathering provisions a bit faster considering the 8.9 magnitude earthquake and tsunami that hit Japan this morning. Harold Camping, a broadcaster for a Christian radio station in California, has been scaring the bejeezus out of people all over Twitter with his prediction that Doomsday is May 21, 2011. After this morning’s events, he might be right. But life’s too short to stick your head in a hole. We at COED encourage you to defiantly stare into the face of oblivion and cross off our list of things you have to do before the end of the world! See the bucket list to end all bucket lists after the jump!

For some guys, an offshore bank account may sound like something out of a James Bond film or maybe a clever way for an arms dealer to conduct business. But the truth is that lots of guys use offshore accounts for a variety of reasons…

Following in the wake of the Yankees’ signing of star first baseman Mark Teixeira is the deluge of tears flowing from the eyes of other team officials around the league.  Brewers owner Mark Attanasio complained that he spent $220M for his entire organization, while the Yankees just spent $423.5M on three free agents this month.
But am I missing somet… Click to read more

With a name like Luisana Lopilato, you have to be famous. And this 21-year-old Argentinian actress and model has been blowing up in South America since the age of 12 with her roles in Chiquititas and Rebelde Way. And to go along with growing her celebrity, Luisana just got hotter and hotter, landing on the cover of Maxim and tons of other publications. When you&… Click to read more

It is very easy to get confused when someone explains the US Tax system, but my buddy sent this e-mail chain message that breaks it down by relating the system to something we all understand very well – splitting the beer tab.
After the jump, check out U.S. Tax System Explained in Beer!… Click to read more

These days, common knowledge suggest that any Republican will cut taxes, any Democrat will raise them. And this election year is no different. Sen. John McCain has said that there will be no new taxes, only tax cuts, under a McCain presidency. Obama, on the other hand, says that he will only raise taxes on those making the most amount of money–those who b… Click to read more