I want to talk about an issue that I have been researching for a while. One that if not corrected could cause problems for many tax payers. The AMT tax has not been adjusted for inflation since 1969! This tax was originally designed to tax higher income earners from avoiding taxes through various shelters and other means. Most American’s income has been increasing at the rate of inflation while the AMT has been stagnant. This means that several new individuals will now qualify to be subjected to the AMT. The […]

Some interesting, but important news on the automobile front. It would seem that our preaching about running a car into the ground makes financial sense. We have always suggested that our clients buy a quality car with cash, drive it for as long as possible, then buy a new car with cash. According to Consumer Reports magazine, by keeping your car for 15 years, or 225,000 miles of driving, you could save nearly $31,000! This is compared to the cost of buying an identical model every five years, which is […]

For those of you who have been reading my blog, you will notice that I seem to be focused on things that could be construed as negative. I can’t deny that I may be a little over the top. Just ask my wife. That being said, I still believe it is important to let you know what is going on with the current economy. I suppose I would rather endorse a safe and not sorry stance. The current economy has become a maze to navigate and understand. The US consumer […]

I have been accused of being a half glass empty guy when it comes to the current economy. I do think that there are some good things happening, and I do not want to be considered an utter pessimist. I have studied some issues extensively and have tried keeping a neutral bias. One issue that keeps coming up again and again is debt and the health of the US Dollar. It is an issue that I have a real hard time trying to put a positive spin on. The dollar’s […]