Debt Ceiling Vote Explained – What Media ISN’T Telling You

August 3, 2011

The debt ceiling vote was consummated on August 2, 2011 just in time to avoid a technical default on US government obligations.  I’ve been tracking this issue of the US hurtling toward bankruptcy for the entire year and this is a more current update to my initial post predicting how this whole charade would play […]

Read the full article →

45% of Americans Paying NO Federal Taxes for 2010

April 18, 2011

Like a bad dream, each year, the headline surfaces from various tax foundations regarding how many Americans paid no federal taxes.  Last year it was 47%.  This year it’s 45%.  Same thing.  Millions of Americans, many of them earning six figures or more, will not pay a dime into the federal tax coffers this year.  […]

Read the full article →


February 14, 2011

It’s tax time again.  Despite what you’ve probably heard about the vast complexity of the US tax code, most Americans can actually e-file their taxes online without the use of an accountant or tax preparer in person.  I did this for years until very recently when I had the added complexity and documentation associated with […]

Read the full article →

Value of Tax Shield Explained – MBA Mondays

January 10, 2011

The Value of Tax Shield strategies by corporations will be the subject of this week’s MBA Mondays with Darwin.   Have you ever found it odd that in the same day, you’ll hear the pundits on CNBC saying that IBM or Exxon are sitting on hoards of cash, but then you see that they’re still issuing […]

Read the full article →

Guess Which 5 Companies Pay the Most Taxes?

December 26, 2010

People love to trash big business, especially politicians.  You know, those greedy bastards that make all those profits?  Recall when oil spiked to over $140 per barrel, politicians were calling for a “windfall profits” tax?  What a ridiculous notion.  I don’t know, do they get a “windfall loss” tax deduction when times are bad?  Well, […]

Read the full article →

Energy Tax Credit 2011 – Not What It Used to Be

December 17, 2010

The  energy tax credit for 2011 is not nearly as generous as the credit was in 2010 when you were able to deduct up to $1500 as as long as it was 30% of the total installed cost of various home efficiency measures like window installations, hot water heaters and more.  While the 2011 tax […]

Read the full article →