Now that we’ve solved the dilemma of funding universal health care, let’s move on to remedy another gaping hole in the tax collecting bucket.
The real estate lobby has enshrined residential real estate as the most sacred and untouchable of all exemptions and deductions.
Some actually make sense to me. Of course, real estate taxes should be […]
Health care will become a universal entitlement sometime this year.
The only question now…is how to pay for it.
My proposal is hardly original. It was, in fact, a cornerstone of the McCain campaign last year.
And that would be to tax health care benefits paid to employees by their employers.
Since fairness is the dominant theme in this […]
This is a continuation of yesterday’s post, which is a reprint of an article its entirety from the June 16, 2009 issue of Smart Money.
(Copyright: Smart Money Magazine)
6. “Once I’ve done the plan, I’m outta here…”
Financial planners like to give you the sense that they’ll be with you every step of the way through important […]
Don’t give me any credit for this one. I have reprinted this article its entirety from the June 16, 2009 issue of Smart Money (though we’ve added all the links). It is a devastating insight and exposé of the dirty little secrets in the world of financial planning.
Talk about biting the hand that feeds you!
(Copyright: […]
You may have read recently about the brewing scandal involving state pension fund managers pocketing money from asset managers bidding to manage public funds.
As always, where money and politics intersect, this is going to get very ugly.
And it may be just the tip of the iceberg.
I’ve long advocated for the discount brokerage firms, and have […]
Just about everyone now knows what a CFP (Certified Financial Planner) is…and does.
Yet you may not know about NAPFA…the National Association of Personal Financial Advisers.
Within the CFP ranks are advisers who earn money from commissions — selling financial products and services, and those who earn fee income in their service to clients….with some drawing from […]
Someone needs to explain this to me.
GM-Government Motors-has fallen from being one of the 30 stocks in the Dow Jones Industrial Average…to the purgatory of the pink sheets.
In one fell swoop.
That’s what they call the over-the-counter market for stocks that no longer qualify for listing on the Big Board or Nasdaq exchanges.
Which makes perfect sense, […]
I’ve saved the toughest one for the last.
Reforming Medicare and Medicaid.
Not to mention the push to bring the 50 million uninsured in under the tent of coverage.
Currently, the Medicare tax is 1.45% for both Employer and Employee…and unlike Social Security, there is no wage ceiling exempting the top 10% of earnings.
All wage income is subject […]
