Hobby losses

I like to play golf. If I were a little younger it might be something that I would take seriously and make an effort at being really good at. There are a lot of tournaments for people who aren’t good enough to become professionals but who are good enough to be...

Property tax deduction

Folks, it’s hard to make taxes interesting and I sometimes struggle with finding tax topics that will have broad appeal to readers.  However, I think you’ll find today’s topic most interesting because the subject impacts the great majority of readers. I hope you will...

Misc

Estate Tax Last week we addressed the possible repeal of the federal estate tax.  Briefly, the federal tax law imposes a tax on our assets when we die. The tax exempts the first $10 million in assets. Thereafter everything is taxed at 40%. This law was not designed to...

Property tax deductions

Folks, I think today’s article is quite interesting.  One would normally think property tax deductions would be boring, but I am hopeful this article will peak your interest and comments.  Please read it to the end and maybe let me know what you think. Thanks! As we...

Repeal of Estate Tax

“There should be a 65% estate tax” Hillary Clinton “There should be a 0% estate tax” Donald Trump   As we all know, the Internal Revenue Code imposes an estate tax upon our assets when we die. The amount of the tax can reach more than 40% of the...

Repeal of Estate Tax

“There should be a 100% estate tax” Many Progressives “There should be a 0% estate tax” Donald Trump As we all know, the Internal Revenue Code imposes an estate tax upon our assets when we die. The amount of the tax can reach more than 40% of the...