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The tax rates for the wealthy

I was curious of the historic tax rates for the wealthy, or at least the highest levels of taxation.  Some of the rate jumps seems arbitrary, others are simply explained by WWI and WWII.  But the jumps before our entry seem to be harbingers of our path. 1913...

Perception may be everything

100 years ago, when I was in college, I was out with friends and one of them brought an older sibling along.  I was working at Jewel at the time and we stopped at a co-worker’s establishment.  They had recently purchased an existing business, an Ice-cream shop. The...

Schedule C Losses

After a recent tax court ruling a former country music artist is unhappy over the hobby loss rules after an appeals court disallowed her Schedule C losses from a music venue she owns. Among the factors that helped the court conclude she did not intend to turn a...

Caveat Emptor

Let the buyer beware, definitely something to keep in mind when you are purchasing a business. I have a client that was working through the due diligence for the purchase of a competitor for months, only to have the business sold to an employee right before the...

Do You Know Where Your Money Is?

Your money isn’t always safe at the bank. A bank teller withdrew thousands of dollars from customers’ accounts without their permission, and deposited them in her personal account. Why a bank hired someone with an arrest record of fraud is beyond me. It gets worse....

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