Tax Deductions Not Available to the 1%

March 10, 2012

There are many tax deductions that phase out depending on your income.  I’m not advocating that the income restrictions be removed, but rather wanted to provide this list to show that U.S. tax laws do not always benefit of the rich.  In fact, for people like me who earn a lot, but have not yet accumulated a [...]

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How to Save on Property Taxes

February 12, 2012

One of the easiest ways to save money for high net worth individuals who own large homes is to appeal your property taxes.  The savings could be in the thousands. I live in NJ, so needless to say, my property taxes are HIGH.  When we moved to NJ in 2009, our property taxes were approaching [...]

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Class Warfare

February 9, 2012

This morning on The Daily Ticker, venture capitalist and entrepreneur, Nick Hanauer had some stern words for millionaires — “it’s time to pay your fair share of taxes“.  Now, I don’t know what world he is living in, but the rich do pay their fair share.  In fact, I’d argue that they pay more than [...]

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Capital Gains Tax: Ignoring the correlation

February 9, 2012

Obama Perspective on Cap Gains I find it amazing that policitians continue the debate on whether or not to raise the capital gains tax.  As Charlie Gibson challenged Candidate Obama in the video above, he cited the obvious and strong inverse correlation between the capital gains tax and capital gains tax revenue.  Going back to [...]

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