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{ Category Archives } Money

wealth versus income

I am in total agreement with Becca on the payroll tax cut. Let it expire! If I were in Congress or was President (ha), one of the first acts of my single term (since I’d never get re-elected) would be to let the payroll tax cut and the Bush tax cuts expire. Why is balancing [...]

buffett

The Warren Buffett thing has been irritating me for a while. He stated he felt tax law should be changed because he likely pays a higher tax rate than his secretary. OK. Buffett’s annual income last year was about $60 million, and he paid 7 million in taxes. That is, of course, a lot less [...]

new credit card needed

For the last couple of years, I’ve had a credit card (Visa) I’ve been very happy with. Basically, I got 2% cash back on all my purchases with no annual fee. However, to my chagrin, I got a letter in the mail a few days ago letting me know they’re changing the rewards structure to [...]

buy, buy, buy

In case you haven’t been following the market, it’s a good time to buy. The market’s at 10800 after falling 5.5% today, the biggest single day drop since 2008. I’ve been investing over the past several days. Who knows where things will go from here? 5.5% down, though, is basically a 5.5% sale. Good luck [...]

Protected: 401K

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Protected: more tax pain

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profits

Whistler gets a lot of hype. However, the only time I’ve skied there was with the Texas folk a few years ago, and I think we can agree it wasn’t impressive on that occasion – half the mountain closed and green, for a start. (We were there for the Olympics but didn’t ski.) Jonathan and [...]