What deduction will you lose in Trump tax plan?

| April 26, 2017

CNBC posted a simple chart in their article looking at #taxreform, cuts and simplification as to what deductions might be eliminated.

Investors sure do love to hear about tax reform and tax cuts

| April 26, 2017

What a start to the week for the stock market! There is optimism that something "will" get done with taxes, unlike #RepealAndReplace legislation. The news is that President Donald Trump will be unveiling his proposal to cut corporate taxes on US companies’ foreign profits and slash the top tax rate has investors in the "buy" […]

A three day reprieve on Tax Day, but …

| April 18, 2017

… the IRS bite feels just the same.

It is time to get serious about working on and filing taxes

| April 2, 2017

The beginning of April is one of my least favorite times of the year … tax time … but for a couple reasons, next year should be better. This is the last FULL year to file for MomH and her trust return. We should see lower tax rates for 2017 (if retroactive?) Republicans are advocating to simplify […]

So much for economical tax preparation software this year

| March 26, 2017

Two years ago, Intuit’s Turbo Tax software tried their "money grab" in attempted to strong-arming their long-time and new customers into paying substantial more to use their software to file their 2014 taxes. The CEO took to the Internet and made an apology and stepped up to Intuit’s greedy "mistake." One would think that competitors […]

Federal Income Taxes – what changes are in store for 2017?

| February 16, 2017

Unless you’ve had your head in the sand pile, you know that there is a shake-up happening in Washington DC since the election of President Donald Trump and his taking office less than 1 month ago. Much of the economic optimism seen by new records on Wall Street, job incentives and both interest rates and […]

Investing to and past DOW 20,000 under a President Trump

| December 23, 2016

We still have a week of trading before closing the books on 2016, but those last few DJIA psychological points to 20,000 have proven evasive. Thursday’s 23 point decline, after the steady climb since the election, has a few gurus thinking the Trump Rally may be ahead of itself?  Some are looking at current corporate […]

Everybody thinks they are an economist … including me!

| October 16, 2016

I love simplicity … so when tossing around political footballs, I generally join the team that at least "attempts" to simplify government and taxes. I’m not naïve enough to believe it will ever happen or even work well, but after filing personal (for friends and family), organizations and business taxes for years, it would sure […]

Sensible economic thinking from business CEO Andy Puzder

| August 11, 2016

There are people who have the ability to communicate and can make "simple-sense" of the usually complicated economic issues facing our country. I’d like to believe that IF enough voters are willing to digest the three minutes of conversation below, that they would be less inclined to "dis" a business oriented pro-growth policy that is […]

Talking taxes, politics and old #TBT high school reunion pages

| April 7, 2016

Here’s a personal "what I’m doing" post after spending an evening with my son Taylor finishing up his taxes. We of course used this excuse to have dinner together too. I think we have both always enjoyed our time together, but the older (and more mature) he gets, the more I really do enjoy talking […]

Crude Oil paralleling the stock market and world economies

| March 23, 2016

Looking at the Finviz chart of the wild second half of 2015 slide for crude oil, one would think we Americans would be cheering since we love driving big cars. Unfortunately lower crude prices (and prices at the pump) are also indicators of a struggling domestic and world economy. U.S. companies need strong international economies […]

Counties in Ohio continue to stealthily raise Sales Taxes

| July 27, 2015

Small business owners who regularly collect sales tax on their goods and services might not be quite as enamored with the “economic rebound” being boasted about in Ohio. While I do support Gov John Kasich and realized he does not have direct impact on counties needing to find more tax revenue, the tax shifting in […]

Top 20% of Earners Pay 84% of Income Tax #WSJ

| May 8, 2015

The bigger the federal government grows and the longer the tenticles reach into business and personal lives, the slower our country grows. What will it take for Americans to recognize that our country grows and lifts every citizen when the ambitious and innovative are not thwarted by Uncle Sam at every turn?  Besides limiting the […]

Jobs and improving wages depend on corporate tax reform

| February 24, 2015

CEO Steven Mollenkopf spoke with Maria Bartiromo on Sunday Morning Futures this past weekend about his company Qualcomm Inc. ($70.94 -0.58 -0.81%) and dealing with taxes and low interest rates impact his business decision making. About taxes, Mollenkopf commented that the high current U.S. corporate tax rates (graph below) encourage investment and job creation overseas […]

The Intuit Turbotax fiasco for 2014 tax preparation software

| February 14, 2015

There was no love lost from customers of Intuit’s Turbo Tax software, and like many, I quickly looked to their competitors when I saw Intuit’s “money grab” in January 2015. Although the company responded with an apology and offered a $25 rebate to those who eventually figured out they needed to upgrade their Deluxe edition […]

Wondering if the stock market and DOW will keep climbing?

| June 6, 2014

While closing the first full week of June on a rather high note (all time high!), the financial markets and Dow Jones Industrial Average pushed ever closer to 17K — DJIA closed at 16,923.77 up 87.66 (0.52%). I’m probably not the only one wondering how companies can keep performing when consumers have fewer dollars leftover […]

If you hate paying taxes, move to Wyoming or Alaska

| March 23, 2014

Wallethub compared how average families from each state when it comes to paying taxes … how does your state look? According to their color coded map, the brighter red your state, the more you pay; conversely, the greener your state, the lower your taxes, and brown puts you somewhere in the middle. If you hate […]

Are we doing what we need to stimulate growth and create jobs?

| February 4, 2014

If business growth is the medicine for job creation and a healthy economy … how does the U.S., or more specifically, each state, encourage business growth and incentivize expansion? Companies need to have an attractive tax climate in order to put capital at risk (or at less competitive), although it is not the only criteria […]

Our Federal Government: more waste, fraud and abuse

| August 26, 2013

Wasteful government spending is nothing new, nor is the corruption and abuse by companies and recipients siphoning off our hard earned tax dollars. What is new is a much bigger federal government and the addition of bunches of new programs and the seeming disregard for responsible oversight that comes with a “bigger government.” It is […]

The tax man cometh looking for more dollars …

| July 22, 2013

The tax man in the form of the Internet online giant Amazon.com has warned advised me that they will begin to collect Ohio sales tax for Amazon Web Services. This is probably appropriate as too many tax dollars are lost to online out of state vendors, but paying more taxes is still hard to swallow. […]

Monday is April 15th TAX day. I wish it wasn’t so.

| April 15, 2013

I had the best of intentions to update my blog regarding the special "wedding weekend," but between clean-up, wrap-up, rest-up and spending the weekend with family (Brenda’s parents staying with us) … AND of all things an April 15th TAX day Monday, I’m wiped out.  I’m way behind on the pleasurable post detailing my daughter’s […]

The answer to our spending problem is to “broaden the base”

| January 16, 2013

It is becoming increasingly clear the the answer the federal government’s excessive spending is to “broaden the base” … but before the attacks from Democrats begin, let me clarify my reasoning (highlighted below) and explain. The current debate in Washington DC is whether to address the deficit (and mounting debt) by raising taxes on the […]

Who should pay more in taxes and what should be cut?

| December 11, 2012

Those of us watching the “dance” in Washington DC over the looming taxes and possible spending cuts closing in on every American can make one’s head spin. What we all know is that our government spends too much and seems unable to even come close to balancing their budget or coming up with a plan […]

How Costco is planning for the expected tax increase …

| November 30, 2012

Playing the tax game as a big business or 1%-er investor must be a challenging problem to have? [sarcasm] Here’s a Wall Street Journal op-ed commenting on Costco’s recent “early” dividend announcement. Uncertainly in the tax code, along with the credits, deductions and complexity, slows economic growth, deters job creation and demonstrates that the more […]

With tax uncertainty, how do we plan for retirement?

| February 22, 2012

The tax season is upon us and many take this opportunity to take account of our retirement strategy (at least those who are thinking ahead). Years ago … in the days of the company pension, confidence in Social Security and Medicare and the assumption that one would retire at 65 after a lifetime career with […]

What does it really take to create jobs in America?

| February 4, 2012

Fred Smith, CEO of Fedex, spoke on Thursday this past week and simplified his thoughts on turning around the economy and creating jobs. He supplied a chart which doesn’t necessarily clear up the “chicken or the egg” discussion associated with which comes first, but his chart does show that capital investment and private sector employment […]

Rick Santelli of CNBC on taxes and Congress

| November 22, 2011

Even if you’re not a CNBC watcher or someone who focuses on the financial markets each day, you may have heard of Rick Santelli and his rant in 2009 during the peak of the U.S. financial bailouts. I included the clip in a post which many believed may have spurred the Tea Party movement (some […]

Should fuel efficient diesel get equal tax incentive credits?

| November 12, 2011

After reading a recent article in the WSJ discussing the tens of thousands of high paying energy sector and supporting jobs that would be immediately available if the Keystone XL pipeline project would be approved, its clear that politics are more important to President Obama that U.S. jobs. He must have decided that the votes […]

Is Warren Buffett’s tax plan being presented correctly?

| October 1, 2011

I saw a CNBC interview with Warren Buffett the other day and didn’t realized just how twisted the “tax the rich” ideas had become. I’m not saying that I agree with either Warren Buffett or President Obama’s new tax proposals, BUT I was surprised to have them being reported as nearly one in the same […]

About the only thing “certain” is that tax rates are “uncertain”

| September 23, 2011

Much of the political debate coming from Washington DC is focused on cutting the deficit, reforming the tax code and generating more revenue for the federal government. Hopefully those who currently pay federal income taxes (only 52%) are going to be given the loudest voice, but that may not be the case now that we’re […]

Stop the Washington DC gimmickry when it comes to taxes

| August 14, 2011

I’ve been reading a few of the ideas being toss around by congress as a way  to stimulate the economy and “create jobs” (as I recall that was job #1 about three years ago?) The school of thought for most Republicans (at least the last couple years) is to lower tax rates and cut both […]

When talking taxes what is a wealthy American’s “fair share”

| July 18, 2011

Far be it from me to defend the “corporate jet” crowd, but am I the only one who wonders what numbers President Obama is talking about when they advocate that wealthy in America “pay their fair share.” I’ve looked at most of the numbers and no matter how you slice the pie, those earning over […]

Tax “credit” reform might change who pays taxes

| June 27, 2011

Why do only 53% of the citizenry of the United States of America pay federal income taxes? Something’s not quite right when nearly half of the people benefiting from from living in this country are voting for, but not funding, those who are elected to spend others peoples money. This could change if congress eliminates […]

Procrastination when it comes to filing taxes. Will I ever change?

| April 16, 2011

Tax time is looming and per-usual I’m overly optimistic in thinking the longer I wait, the less I’ll have to pay. As the founder of The Navigators in 1933 wrote: "The greatest amount of wasted time is the time not getting started." Today, and for the last month, I have epitomized the point of Dawson […]

Looking for more ways to tax: cellphones and ebook downloads

| January 1, 2011

According to a Smartmoney.com article by AnnaMaria Andriodis, we could see states and counties increasing taxes on new technology such as cellphones and e-books. Unlike Uncle Sam, state and county governments are required to balance their budgets and as local sales taxes and both the real estate and income tax stream of tax revenue dwindle […]

Crunching US deficit numbers is not very comforting

| September 29, 2010

There are two opposing mindsets when dealing America’s deficit and correcting America’s struggling economy; it is pretty black and white when it comes to opinions. There’s the liberal Democrats position, expressed by the Nobel Prize winning New York Times columnist Paul Krugman, who recommends dealing with our deficit by raising taxes and continuing to increase […]

Washington’s ‘uncertainty’ over taxes – Part 2

| September 24, 2010

Although I may offend some of my hardcore conservative Tea Party friends, I’m in agreement with Charles Krauthammer and enjoy his his columns and commentary (“offend” – in reference to his comments regarding Tea Party favorite Christine O’Donnell)  I appreciate his bright and intelligent arguments … from a conservative point of view … and was […]

Washington ‘uncertainty’ is hindering business & job growth

| September 14, 2010

Why don’t politicians understand that uncertainty is a primary deterrent to planning for the future, for an individual or a business … but especially for businesses. In order for small business owners and  managers to reinvest and expand … and hire new employees … the political environment needs to be one where the prospect for […]

Training Chinese prostitutes how to drink responsibly

| August 13, 2010

“This week in 1861, the first federal income tax was instituted to pay for the Civil War. These days, we don’t worry about that kind of stuff. Our wars are paid for by our grandchildren.” — Jay Leno I’m not sure if we should laugh or cry when it comes to how government spends millions […]

Arthur Laffer: The Soak-the-Rich Catch-22

| August 2, 2010

Arthur Laffer wrote another piece in the WSJ that again draws attention to the focus some in congress are promoting — “tax the rich.” America would be wise to pay attention to previous administrations and history before once again heading down the path of high taxes and even higher taxes on the rich. Our country […]

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.