Let’s start out this discussion clearly stating that the American economy is still chugging along. Which is a great thing. We haven’t had this many years in a row without a recession or depression!
Continue reading Another Half (or is that Quarter) Truth
The 40% increase in the federal deficit this fiscal year is a real problem, since the large tax cuts (part of the Tax Cut and Jobs Act) were not accompanied by a reduction in federal spending.
Continue reading Deficit Spending
It’s time for everyone to understand reality.
Why this question keeps coming up is simply amazing to me. But, too many of our politicians- and obviously the American populace- have an unbelievably strong affinity for magic.
Continue reading Magical Thinking
You know the tax law has changed. And, for many of you, that means that itemizing is no longer an option. (If you are married, the threshold of deductions needed to itemize went from $ 12K to $ 24K- and you are limited to $ 10K for the TOTAL of your property taxes and state/local income taxes. Of course, you could do as I have done for many a client- filed separately for the first time in decades. Where the threshold is $ 12K- and you still have that 10K max for property/state/local taxes….)
Continue reading We covered death. Now, it’s time for taxes.
Over the past two posts, I discussed a loophole in the tax law that benefits the wrong entity. (Instead of benefiting charitable needs, the DAF [donor-advised funds] tend to benefit the donor, with little regard to those who are in need. Yet, the charitable benefit has afforded one family to extend an olive branch to the public, by sharing some 1000+ pieces of art with the public– albeit 500 folks a day, maximum.)
Living in the DC Metro area, it is not unusual to see a bunch of folks working from home- or in my coffee shop. (Yes, I just switched allegiances after more than 20 years.)
Continue reading Telecommuting travails
