The Problem With Economic Patriotism

The Problem With Economic Patriotism
President Barack Obama called for “economic patriotism” last week in response to the renewed focus on corporate inversion, the process where a company reincorporates in another country despite retaining near identical operations. I wrote a bit about corporate inversion a while back. This, however, is the first I’ve heard about “economic patriotism.” If you’re wondering ...

Dealing with Taxable Refunds

Dealing with Taxable Refunds
(This is part of a series looking at various common 1040 questions. To go back to the summary page, click here) Receiving a tax refund can produce feelings of elation matched only by winning the lottery–very minor lotteries, at least. Heck, the IRS even has an app whose entire purpose is so you can track your Federal refund status when ...

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 ...

Warren Buffet and I Make Taxes

Warren Buffet and I Make Taxes
Dear Mr. Buffet, First of all, did people call you “Warren” growing up? It just doesn’t sound like a very appropriate name for a little kid, and I can’t think of any nick names other than “Warney,” which is unlikely to catch on any time soon (like I mentioned in my last post, naming isn’t ...