Nice prize; now pay your taxes

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Once upon a time you could win a big cash journalism award and you could keep it all. But that changed long ago, ScienceWriters financial columnist Julian Block explains in Forbes: "Prior law carved out an exception for writers and scientists, among others. It exempted them from paying taxes on awards that are bestowed primarily in recognition of their past achievements in literature and research, among other cultural and academic endeavors."

August 14, 2012

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