Monday, January 17, 2022
Dear Reader, Those of us out in the real world, buying gasoline, bacon, Christmas gifts, and renting homes, understand that inflation is real and probably higher than the official government inflation number. However, interest rates on fixed-income investments such as Treasury bonds and CDs remain very low. One exception is the U.S. government’s inflation-linked savings […]
You want to enjoy the tax-free growth of a Roth IRA, but your income level makes you ineligible. A backdoor Roth could be the solution.
You can be your own capital gains calculator to prepare for your tax bill. Read on for how to calculate and minimize capital gains taxes.
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 […]
When I was dating my wife Jo, her 10-year-old daughter Holly learned I was a glutton for chocolate chip cookies. This adorable little lady grinned, loaded in the chocolate chips and baked an entire batch by herself. As she put the cookies on the cooling rack, I began to devour them. They were soft, moist […]
If you live in a state with a high income tax rate, the extra taxes need to be considered. One of the reasons I chose to in Nevada when returning from South America – besides the beautiful outdoors – is no state income taxes. The area in which I live is booming as Californians run […]
If Vice President Joe Biden is elected President, his tax plan to increase federal government revenue by $3.0 trillion relies heavily on higher corporate income tax collections. If the plan goes into effect, the higher corporate taxes could give a lift to the stocks of companies that, by law, do not pay corporate income taxes. […]
No matter which side you favor in the upcoming U.S. Presidential election, once the results are finalized, we will live with the outcome for the next four years, at a minimum. For investors, one change to consider is Joe Biden’s plan to increase the corporate income tax rate significantly. A Biden win should provide a […]
I’ve had it with the virus panic, riots, looting, property destruction and grandstanding politicians. A poor guy in Minneapolis tried to pass $20 in funny money and ended up dead. His $20 is pale in comparison to the trillions in funny money authorized by Congress and created by the Fed to bail out a corrupt […]
