By now, you’ve heard all the hoopla surrounding our tax rates and tax system. Most of the ideas I’ve heard involve radical changes the way data is collected- which means, at least to me- that they won’t work- at least not for a while.
Continue reading How to fix our taxes
Now that I’ve got you incensed (you did read yesterday’s blog, right?), let’s discuss a little of the mechanics of the private equity industry. Which, even if your blood is not yet boiling, may cause you to need a trip to the emergency room when we are done.
Continue reading Carried Interest, Part 2
You already know that I consider TheDonald the most corrupt president (along with his administration) that America has endured since the days of Tricky Dick.
Continue reading Have your blood pressure meds ready…
Just because President Biden wants to make sure the system is fair to everyone doesn’t mean it will happen. It won’t even go by the number of popular votes he can obtain. (It’s obvious that 99% of us have way more votes than the 1%.) At the very least, the 1% will hire lawyers, accountants (and lobbyists) to put a kibosh on Biden’s concept.
Here’s a little something to keep in mind as you try to figure out how you are going to pay that tax bill that comes due next Monday. (Today is the 8th of April, right?)
Continue reading Poof! Like Magic, They Disappear!
This is but a continuation of our discussion of the changed IRS code, as a result of passing a version of HR-1. The series started last Wednesday or Thursday, where we discussed personal tax provisions of the law. Yesterday, we started on the business taxes. We will continue today- and finish tomorrow.
Continue reading PL 115-97, Business Taxes, Part 2
