Jeopardy, Double Jeopardy and Double Taxation!

Bear with me while I tie a few things together… The game show “Jeopardy” has been around since the 1960’s. It wasn’t until I was much older that I began to appreciate the show for what it is and what it isn’t. I am amazed at the amount of obscure trivia that the contestants knew Read more about Jeopardy, Double Jeopardy and Double Taxation![…]

Inflation: Life’s Stealth Bomber

Every day you can see the impact of increased prices on your income, assets, and standard of living. Prices for food, clothing, appliances, energy, automobiles, prescription drugs, and health care have soared. The increase in the price of these expenditures is called inflation. People generally cope with inflation by finding ways to increase income or Read more about Inflation: Life’s Stealth Bomber[…]

How Dare You Think That You are Entitled to Social Security!

If you are in the work force, then you are paying taxes.  One of those taxes is for OASI – Old Age and Survivors Insurance, but you probably have never heard of that.  Another name for OASI is Social Security. Since you are in the workforce and paying social security taxes, you are probably under Read more about How Dare You Think That You are Entitled to Social Security![…]

What are the Odds – Pt. 2

This is a follow-up to last weeks post – “What are the Odds” Think back to the day that you signed started your current job.  Lots of new people to meet followed by orienting yourself with the layout of the new company.  And let’s not forget about signing up for all of the company benefits – Read more about What are the Odds – Pt. 2[…]

Quantitative Easing = Irrational Exuberance

The phrase “A picture is worth a thousand words” was first uttered more than 100 years ago by Tess Flanders, the editor of a newspaper while discussing journalism.  That idiom is still valid today. Below are a chart of the S&P 500 that I have made some notes on for illustrative purposes.  To fully understand Read more about Quantitative Easing = Irrational Exuberance[…]

What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin!

The title of this article is a quote from Mark Twain.  Little did he know that his quote would resonate for the next century throughout all of America.   Mark Twain died in 1910 and didn’t live to see how true his statement would be. A Little History Lesson: Above is the “History of the Top Marginal Read more about What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin![…]

“Would You Rather…”

“WOULD YOU RATHER…” is a game played around the country at parties.   The entire game is a series of questions such as: WOULD YOU RATHER … Have “No internet” or “No cell phone?” WOULD YOU RATHER … Have “No one show up to your wedding” or “No one show up to your funeral?” WOULD YOU Read more about “Would You Rather…”[…]

If you own appreciated assets, you are in for a rude awakening – LTCG tax increased by 58.6%

Everyone knew that taxes had gone up on 1/1/2013, but did you realize that LTCG tax increased by almost 60%. If you own any highly appreciated asset such as stocks, bonds, mutual funds, raw land, rental property, a commercial building or your own business – this is going to have a direct impact on you Read more about If you own appreciated assets, you are in for a rude awakening – LTCG tax increased by 58.6%[…]