May 2009
5 posts
Your New Tax Cut
In case you missed it, Barack Obama said that the latest wave of refinancings acts a “tax cut” for Americans. This guy is truly unbelievable. Is this part of his tax cutting strategy????
I understand that people are in love with the guy and he is a great communcator, but this one takes the cake. Call it what it is…a lower mortgage payment. If you want to cut taxes, how about...
April 2009
6 posts
Where I've Been
It’s been a bit tough lately to stay on top of my blog here. The main culprit? Taxes. Just as this market slowed, I had to come up with hundreds of thousands of dollars to pay taxes for 2008 as well as estimated taxes for the first quarter of 2009. Let’s just say I was distracted as I went into more debt to pay my taxes in my profitable small business- an interesting concept or some...
John Murtha and The Abuse of Your Tax Dollars
One of the leading democrats in Congress, John Murtha, has no problem spending ridiculous amounts of money on “infrastructure”. To the tune of 150 million dollars, the John Murtha Airport in Pennsylvania has three flights a day to D.C.
Each ticket is subsidized with federal money in that is almost equal to the price the consumer pays. The place is a virtual graveyard. Don’t...
The Real American Dream
My dad’s parents came to this country and started with nothing. They had 4 children who went on to a variety of careers in finance and civil service. My dad had 7 kids who went on to various endeavors. My dad went through the depression, fought in World War II, raised all those kids, plus some grand kids…and gave us the opportunity to do better than he did.
Today I own my own...
I'm Back...
Ok, I’ve been offline a bit, but now I’m back. It’s the day after “tax day” and I’m still scrambling to get money in my account to cover the shortfall from last year, plus my estimated taxes for the first quarter. My marginal tax rate for state and federal income taxes currently sits at 45%. Factor in all the other taxes each of us pay, whether it be for gas,...
Possible Cabinet Member?
I just caught this article on an IRS Agent that failed to pay taxes. Based on the continued parade of appointees that can’t seem to get their taxes paid correctly, I thought I’d offer this guy up for a postion in the Obama White House
http://finance.yahoo.com/news/Calif-IRS-agent-admits-apf-14795847.html
Better yet, since even our wonderful politicians can’t seem to figure out...