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The Tax System Explained in Beer

I was reading an opinion piece in the WSJ about Warren and her “2 cents” Wealth Tax campaign, and it reminded me of this story. Granted the percentages have changed since this was first printed, but the meaning is still valid. Also, I think this was originally done is...

Financial independence

How old were you when you were truly financially independent? I was married and we owned our own place at 24.  But when we moved from the Townhouse to a house, we received some assistance.  We received more assistance when I lost my job shortly after moving into the...

eBay

eBay I was reading an article that was listing side-hustles to supplement a person’s income.  I am all for side businesses or a side-hustle.  I have a few businesses beyond my CPA practice myself.  Hell, you get enough side businesses going and they call you a...

Property Income

I have known people who get creative in having others cover their mortgage payments. I personally never had the opportunity or the courage to try what they did on my own. The first person bought his parents’ home from them in his freshman year of college.  He then...

The Vacation Home

Apparently, there are those thinking about buying a vacation home. At some point in time in the future, I will inherit half of one and have no interest in buying the other half. But second homes are now highly sought after now as Americans’ net wealth and disposable...

Crypto Currency

Did you at any time during 2019, receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?   Yes or no? Big brother wants to know. This is an important question for the 2019 tax filing in early 2020. The IRS has redesigned...

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