Accountants Suck at Math

Accountants Suck at Math
Tell me if you’ve heard this one before: girl who is a genius at math is so amazing she started doing her parents taxes at 5 years old. I recently read Scott Westerfeld’s “The Secret Hour,” and even though the entire book was about crazy creatures who exist only during the 25th hour of the ...

Price Fixing from the Grave

Price Fixing from the Grave
Steve Jobs worked to fix book prices with the publishing industry, or so the US Justice Department claims. From what I’ve read, it sounds like the details came to light thanks to Mr. Jobs biography. The Justice Department has now filed an anti-trust case against Apple and the big five publishing companies for anti-competitive behavior. ...

Unfriending The Zuckerberg Tax

Unfriending The Zuckerberg Tax
The New York Times ran an editorial yesterday called The Zuckerberg Tax. Mr. Miller, the author in charge of the piece, does have some valid points and some legitimate concerns about the super wealthy getting around paying taxes. It’s certainly not the same old Buffet Rule that’s been making it rounds on the internet, so ...

What’s Her Tax Rate Again?

What's Her Tax Rate Again?
My post last week calculated out what Warren Buffet’s secretary would have to make, in a worst case scenario, to have a 15% effective income tax rate. 15% has become a magic number since it’s what Buffet (approximately) pays, and, more recently a news item, it’s what Romney pays. Paul Gregory of Forbes magazine decided ...

Some thoughts on Romney’s taxes

Some thoughts on Romney's taxes
Much hoopla has been made and probably will continue to be made about Romney’s recently released tax return. Strong opinions, informed and otherwise, litter the web. Of course someone is always wrong on the internet, but let’s chat a little. I’m not here to say whether his return is right or wrong, either technically (I’ll ...

Thought on Charitable Contributions

Thought on Charitable Contributions
It’s that end of the year time where everyone is trying to get a bigger piece of your pocketbook. For those of you who want to give that money to a charitable organization, here are just a few quick tax tips. I’ve seen a little bit of confusion about them over the last couple of ...

We’ll Find Out What’s In It…I Think

We'll Find Out What's In It...I Think
The Patient Protection and Affordable Care Act, better known as Obamacare, just can’t stay out of the news. Obviously the biggest update is the Supreme Court’s decision to review the law, though I have a feeling that even if they rule 9-0 in favor of the thing it’s just going to keep on coming up ...

I Blame Corporate Greed

I Blame Corporate Greed
I’ve had some server issues over the past couple of weeks. That, combined with no free time, means I haven’t done any updates recently. But now my server is back online (I hope), my blog theme is updated and in place (mostly), I finished editing the book I was working on (for now), and the ...

Don’t Mess With Shulman

Don't Mess With Shulman
I guess IRS Commissioner Douggy Shulman wasn’t too happy with the proposed budget cuts to the IRS. He wrote his version of an angry letter to congress with the following: “cutting the IRS budget by the contemplated levels would mean that front-line IRS staffing levels must be substantially reduced, leading to a measurable decrease of ...

Falling Flat

Falling Flat
I’m sorry to tell any of you who were hoping for some change, but we will never have a flat tax system. Not a real one, at least, so just leave it alone. I’m talking about any kind of flat tax. Flat individual income tax. Flat corporate income tax. Herman Cain’s “9-9-9” plan. It’s just ...