by Leif Jensen | Mar 15, 2022 | Taxes |
Did you know that if you steal property, you are required to report its fair market value in your income in the year you steal it? That is unless you return it to its rightful owner in the same year. No, you can’t give your neighbor a 1099 for the garden tools they...
by Leif Jensen | Mar 14, 2022 | Rant |
The Stock Act is an Act of Congress designed to combat Congressional insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading by members of...
by Leif Jensen | Mar 9, 2022 | Taxes |
Did you know that income from all illegal activities, such as money from dealing with drugs, must be included as income on Schedule 1 so it can flow onto your 1040? You will also be taxed for self-employment taxes as well, so both side of FICA.
by Leif Jensen | Mar 8, 2022 | Running a Business |
Beyond forcing outside companies partnering and sharing design plans with the government. China will have to invest more in productivity enhancements like basic scientific research. Traditionally, Beijing has been loath to spend money on R&D that doesn’t promise...
by Leif Jensen | Mar 7, 2022 | Rant |
As the US continues to issue debt obligations (why live within our means), China continues to pony up to collect our debts and thus hold our future in their hands. We can look for China to continue to buy a hefty portion of America’s Treasuries. Beijing holds about...
