How The Burrito Became A Sandwich

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We all know what a sandwich is. It’s something delicious, slapped between two slices of bread.

But when it comes to taxes, nothing is simple.

On today’s show, we explore how a simple thing like taxes on food can break open a world of interlocking exemptions, rule bending, and philosophical questions like: when is a burrito a sandwich?

http://n.pr/1k8o5lN

United Changed Its Frequent Flier Program

Last month, United Airlines announced that it will give frequent flier miles based on dollars spent instead of miles flown. The number of miles per dollar vary, but basically the average traveler will get five miles per every dollar he or she spends.

To see how this affects the average traveler, Slate pulled the data and produced a pretty neat interactive

Here’s how to interpret the graph: The dark grey line is the 5 miles per dollar mark that United has stated that it will pay. Each dot represents a flight. If the dot is above the line, you’re getting a better deal. If it’s below, then its a worse deal.

Based on this analysis, Slate produced a couple of rules in order to get the most frequent flier miles for your dollar. Here’s a sample: fly rural airports and avoid California.

Almost No One Pays The Estate Tax

"…is levied only on the portion of an estate’s value that exceeds a specified exemption level, currently first $5.25 million of every estate (effectively $10.5 million per married couple) is exempt from tax (with that level indexed for inflation).”  

I had no idea that the threshold for estate taxes were so high. (H/T John Oliver for reviving this paper

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Interesting read: http://www.cbpp.org/files/estatetaxmyths.pdf

5 years after the recession, are home prices still cheap? It’s hard to know simply by looking at prices alone. 
Here’s another way to look at it: compare home prices to income.
Where have home prices diverged from income?
In cities like San Francisco. Where houses sell for over five times family income. 
http://n.pr/1pf8z9D

5 years after the recession, are home prices still cheap? It’s hard to know simply by looking at prices alone. 

Here’s another way to look at it: compare home prices to income.

Where have home prices diverged from income?

In cities like San Francisco. Where houses sell for over five times family income. 

http://n.pr/1pf8z9D

Suppose you spent five years in prison for a crime you didn’t commit. How much does the government owe you?
These states have an official amount they pay people for every year they wrongfully spent in prison. The state that pays the most: Texas.

Suppose you spent five years in prison for a crime you didn’t commit. How much does the government owe you?

These states have an official amount they pay people for every year they wrongfully spent in prison. The state that pays the most: Texas.