The Medicare Surtax is coming for the wealthy!

The dawn of 2013 brings forth interesting tidings.  The Medicare surtax is an additional tax that will be hitting taxpayers who make (single) over $200,000 or (married) over $250,000 with a 0.9% penalty.  So married couples, who expect their combined wages to exceed...

Portable estate tax exemptions

The IRS has finally issued guidance for handling the portable estate tax exemptions.  After the passing of the first spouse, the surviving spouse can absorb any unused exemptions allowing for larger tax free lifetime gifts or bequeath additional assets free of estate...

Licensed Professionals

Apparently some states are looking at extensive job licensing requirements and rethinking the logic behind them.  There are those that argue that burdensome industry-backed rules keep people from working. The careers under scrutiny are: cosmetologists, auctioneers,...

The decline and fall of NASA

Publicly financed space exploration is winding down in coming years due to budget cuts at NASA. Fortunately there are some private initiatives, as well as probes by China, the United Kingdom and Russia, are in the works, but some are decades away from being launched....

The U.S. vs. Coke and Pepsi

New York City’s Mayor Michael Bloomberg declaration against Coca-Cola and Pepsi’s jumbo sized drinks in his fight against obesity is unlikely to become a federal strategy.  Lawmakers in both parties see Bloomberg’s proposed crackdown as a giant overreach of power. So...

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