What is happening is unprecedented! Two multi-trillion-dollar bailout packages in less than a year and a third in the works. The Charlotte Business Journal reports: “In the past few years, we have experienced three major tax and financial changes that we typically only expect once a decade. …. This year, we are expecting another major bill (if not multiple) to […]
» Read moreI was a senior, Sally was a freshman. We would hold hands and walk to the small lake on the other side of her family’s farm. The bank was angled, and we would lean back and stare at the distant sky and cloud formations. Sally (Name is changed but the story is real) was my high school sweetheart who I […]
» Read morePeople move about the world for different reasons; climate, health, employment, family and to escape for a better life. Our forefathers risked their lives for a dream of a brighter future. Legendary golfer Phil Mickelson, a California native, complained about the state having the highest taxes in the nation and he was (gasp!) considering moving to a more tax-friendly jurisdiction. […]
» Read moreWhat is it about politicians? When they have budget problems, their solution is to contrive all kind of excuses to create and raise taxes. Cost cutting is seen as performing an unnatural act. The newest gimmick is a “Soda Tax”, basically a tax on sugary beverages. Philadelphia started the trend. Their efforts are fizzling out and causing problems. Berkeley, San […]
» Read moreOur country has become bitterly divided. No matter who won the election, I predicted we would soon be reading about states wanting to secede from the union. Even before President Trump was sworn in, the California movement, known as Calexit, began. The first step is to ask voters to adopt a state Constitutional Amendment revoking the U. S. Constitution as […]
» Read moreIs there such a thing as free market pricing? Where does it exist? In last week’s interview with Ed Steer I asked about free market pricing in gold. His response relates to more than metals: “Free market pricing? Well, nobody knows what the true free market price of the precious metals really is, because there never has been a free […]
» Read moreWe had just moved to Texas and were getting settled into our new home. I heard my wife Jo screaming, “Oh my God!, Oh my God!” I raced down the stairs to find out what was wrong. She had the Sunday paper open on the counter, breathing heavily. “Look, look”, she exclaimed as she held a lottery ticket on the […]
» Read moreGood friend Alex N. recently sent me an article from the Pittsburgh Post-Gazette, “IRA Clock is Ticking”. Author Tim Grant warns, “If seniors unknowingly miss the Dec. 31 withdrawal deadline, it ends up costing them dearly in the form of a tax penalty that amounts to 50 percent of what they should have withdrawn.” He explains the Required Minimum Distribution […]
» Read moreThe fairest tax of them all is the lottery. It is voluntary, it is not levied; you are not forced to buy a ticket. It is an adult choice. Recently the Powerball lottery changed the game by adding ten numbers. The odds of winning rose from one chance in 175,223,510 to one in 292,201,338. Let’s put that in perspective. The government […]
» Read moreA recent email from my good friend Toots got my attention. She lamented, “We just received our real estate tax bill. Many of our retired friends, who thought this was to be their ‘forever’ home, are being forced to sell and move”. This is a preview of things to come. The State of Illinois is headed off the financial cliff and […]
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