What a surprise- not! A new study (based upon US Bureau of Census data) has reported that folks who go to college earn $ 1 million more than those who don’t. No, not in one year, silly- over their lifetimes. Which comes to about $ 25K a year. Moreover, this data has been around for at least 40 years- because I knew these facts back when I was teaching.
Monthly Archives: May 2015
Is it a game?
What do you feel when someone you knew once- and haven’t seen for decades- dies?
I was confronted with these thoughts this past weekend. Dr. John Nash died. No, he didn’t die- he was killed by the errors of a taxi driver- who survived the crash, while John and his wife were killed in the wreck.
Per aspera ad astra? It’s more like ‘ad fundum”
Sorry, Warren- that is a terrible idea
I read Warren Buffett’s piece, Better than Raising the Minimum Wage, in Friday’s Wall Street Journal. I expected better from Mr. Buffett, who has generally come across with better taxation and income ideas publicly. This piece is not up to his normal standards- because it is yet another method to have the US citizenry subsidize the actions of moderate and larger sized businesses.
Who’s Lazy?
Today is Memorial Day. Most of you don’t recall that it’s to remember our brave citizens who lost their lives to keep us free. Instead, you consider that it’s a day off, the kickoff of Summer swimming and holidays. Only in that case is it appropriate to discuss a new segment of our workplace.
Counting to 50
Tomorrow night I will never go to sleep. The day we’ve been waiting for is here. Tomorrow night begins the holiday of Shvuot- the Feast of Weeks.
Cheaper than Iraq- and more important!
Infrastructure. You know- the facilities, the structures, the systems that our country (and cities and counties) need to survive. Our economy can’t function without an infrastructure- whether it’s roads, tunnels, bridges, electric grids, water systems, sewers, telecommunications- or any combination thereof.
Every little bit helps…
Good news!!!!!! (I love reporting good news!)
If you live in Maryland, Pennsylvania, New York (certain locations), or Indiana- or you have business entities that operate in those states- you are about to save a chunk of change. You see these states impose surcharges on their residents that are officially taxes for the county or city of residence. (I remember the first time a client yelled at me saying their Maryland taxes were only $ 5000, why did they have to send in $ 7000? It’s because their county had an additional surtax, one that was paid to the state.)
3? 6? 7?
When the IRS comes knocking- either in person or via a correspondence audit- you should be prepared to answer their questions- fully, completely, and truthfully.
Now?
So, the ides of May have come and gone. Which means it’s been a month since your 2014 taxes were due to be filed (and some two months since corporate filings were due). It’s time to consider what 2015 will bring- because tax planning should have started already. It’s way too late when the calendar reads 2016 to you wonder what your real tax bite will be.