All You Need Is Love

All You Need Is Love   No matter who we voted for, we can all agree that this has been the nastiest presidential election since Thomas Jefferson called John Adams a hermaphroditic bastard. This week it's finally (finally!) come to an end. Whether you're elated or nauseated by the results, there's probably one emotion you [...]

By | 2016-11-17T09:00:21+00:00 November 17th, 2016|Tax IRS|0 Comments

We’re Number One!

We're Number One!   Americans love awards shows — the Oscars, the Grammys, the Emmys, and the Tonys. So we all watched eagerly as the nonpartisan Tax Foundation rolled out the red carpet and released "International Tax Competitiveness Index 2016." The ranking rewards countries with low marginal rates to discourage businesses from fleeing abroad and [...]

By | 2016-10-24T09:00:14+00:00 October 24th, 2016|Tax IRS|0 Comments

Watch Out! They Be Scammin’!!

Watch Out! They Be Scammin'!!   How many calls have you gotten? I think I get at least 2 a week. And they sound very threatening. So... here's the latest from the IRS. (It's a bit lengthy, but worth your time.) Part I: The Phone Call - "We're Coming for You!" IRS Warns Taxpayers of [...]

By | 2016-09-22T09:00:03+00:00 September 22nd, 2016|Tax IRS|0 Comments

Goin’ for the Gold!

Goin' for the Gold!   For awhile there, it looked like the just-concluded Rio Olympics would be a carnival of chaos. Golfers boycotting to avoid the Zika virus? Check. Swimmers making their way through raw sewage? Check. And those were just the disasters we anticipated before the opening ceremonies! Who could have predicted divers splashing [...]

By | 2016-08-25T09:00:12+00:00 August 25th, 2016|Tax IRS, Tax Planning|0 Comments

Harry Potter and the Deathly Tax Bill

Harry Potter and the Deathly Tax Bill   Harry Potter's sidekick Ron Weasley has challenged opponents from a mountain troll to the Horcruxes to the Death Eaters. Now the actor who plays him, 27-year-old Rupert Grint, is taking on a foe as powerful as Voldemort himself. Last month, he challenged a squad of dementors taking [...]

By | 2016-07-06T09:00:19+00:00 July 6th, 2016|Tax IRS|0 Comments

Take This Tax and Shove It!

Take This Tax and Shove It!   Do you know what happens when you play country music backwards? (Read to the end to get the answer.) Country music has a long history of celebrating outlaw behavior, which naturally extends to celebrating "outlaw" performers. Plenty of fans have heard the album Johnny Cash recorded of his [...]

By | 2016-06-24T09:00:41+00:00 June 24th, 2016|Tax IRS, Uncategorized|0 Comments

Don’t Get ‘All Shook Up’!

Don't Get 'All Shoot Up'!   Philadelphia's incoming mayor Jim Kenney is the latest local official to propose quenching his city's fiscal thirst with a new tax. His inaugural budget would impose a three cents per ounce tax on soda, juices, iced tea, and other sugary drinks. The mayor claims the measure would raise $400 [...]

By | 2016-06-13T09:00:46+00:00 June 13th, 2016|Tax IRS, Uncategorized|0 Comments

Rats Finding Cheese

Rats Finding Cheese Anyone who's ever watched a gangster movie knows there's nothing worse than a rat . . . a snitch . . . a stool pigeon. Life is hard for that much-maligned species! In Martin Scorsese's classic mob saga Goodfellas, Henry Hill rats out his partners in crime to get a reduced sentence [...]

By | 2016-02-18T00:18:32+00:00 February 18th, 2016|Tax IRS|0 Comments

Uncle Sam, Knowing When to Hold’em

Uncle Sam, Knowing When to Hold'em   Last month, millions of fans across America sat down in front of their televisions to watch the Kansas City Royals beat the New York Mets, 4 games to 1 in baseball's World Series. But few of those fans would ever dream they could suit up and join the [...]

By | 2015-12-03T22:55:45+00:00 December 3rd, 2015|Tax IRS|0 Comments

Tax Man Turns $1 = $10,001

Tax Man Turns $1 = $10,001 Here in the United States, Uncle Sam imposes a "progressive" income tax. As your income goes up, so does your tax rate. However, those rates go up incrementally. If you're married, filing jointly with your spouse, the 39.6% top rate kicks in at $413,201. (We use the term "kicks" [...]

By | 2015-11-03T22:41:49+00:00 November 3rd, 2015|Tax IRS|0 Comments