Once again we’re playing politics with our Federal finances. The “news” is filled with politically loaded articles proclaiming dire consequences or nothing, depending on their point of view. The debt ceiling is sucking all the oxygen out of the room. What Is The Debt Ceiling The debt ceiling is a…

But will it do anything useful? You may have seen it in the news. On April 11th, 2022 President Biden held a press conference and announced his new initiative to deal with the issue of ghost guns. …

And Our Fascination with Mass Shootings In recent years it is hard to escape news of a mass shooting. What qualifies as a “mass shooting” depends on who you ask as there are several definitions. But they all agree on a few things. They involve a firearm and multiple people…

Do you really? It’s a common refrain in today’s world. Our political systems have been corrupted by big money and those who are elected to represent us don’t actually do that. Instead, they represent “special interests” that fund their campaigns. Maybe that’s all true, maybe it isn’t. …

Once again, we have another school shooting. This time, 17 people died. This just adds to the running toll and, as is entirely predictable, both sides of the gun (or if you prefer, gun-control) “debate” will trot out their meaningless talking points. I purposely put “debate” in quotes because the…

The Gift Tax Merry Christmas! Grandma gave you $50,000? That’s wonderful! Hope she paid the gift tax! Maybe she had to pay that, maybe not. How do we know? Let’s cover some basics. The Gift Tax exists and is usually discussed in conjunction with the Estate Tax. The whole idea…

Maybe it’s time to get real with our tax systems? We have a complicated web of rules and regulations that tweak our tax systems in the U.S.. The primary tax, the income tax, is setup with the intent of being based on a series of levels so that “the rich”…

Reality Bites I’ve read a couple of articles here on Medium concerning the impact of the Republican Tax Plan on college graduate students. In particular, one from a student at Columbia and another from a student at Yale. …

“ To make matters worse most of the time they are legally liable by law to maximize shareholder value.” Is it? Then cite the law that requires corporation maximize shareholder value. This is a myth. It doesn’t exist anywhere in law.