Charitable Deductions and New Tax Law

Charitable Deductions and New Tax Law

By The Banker | Blog Posts, Inequality, Investing, Taxes, Texas

Happy Final Tax Filing Day everyone. How charitable do you feel right now? My accountant filed for an extension for me, so I’ll let you know in mid-October how I’m feeling, thanks for asking. Anyway, one of the potential big changes resulting from the 2017 Tax Reform is the treatment of household charitable contributions, starting […]

Pass-Through Entity Taxation And New Tax Law

Pass-Through Entity Taxation And New Tax Law

By The Banker | Blog Posts, Personal Finance, Taxes, Texas

Like baseball, young love, and hay-fever, we’ve entered the high season for taxes. New this year, however, we begin to react to changes in the tax reform law of December 2017. The point of that law was to make the world safe for businesses and their owners, who received healthy tax cuts. If you were […]

New Estate Tax Changes and Inequality

New Estate Tax Changes and Inequality

By The Banker | Blog Posts, Inequality, Taxes

2018 is shaping up as a great year to die. I don’t say that because of the recent appointment of war hawk John Bolton as National Security Advisor1, but rather because of recent changes to estate tax rules. Before now, the previous best year to die was 2010, when the estate tax took a gap […]

Book Review: The Pale King by David Foster Wallace

Book Review: The Pale King by David Foster Wallace

By The Banker | Book Reviews, Taxes

I bought this book a few years ago but delayed reading it until this Spring. Maybe I was afraid of thinking about the trauma of his suicide while reading it. I shouldn’t have worried. There are autobiographical elements in here I assume…He has a semi-absurd character with a dramatic sweating disorder, which I’m guessing from […]

Book Review: The Mandibles, A Family 2029-2047, by Lionel Shriver

Book Review: The Mandibles, A Family 2029-2047, by Lionel Shriver

By The Banker | Book Reviews, Wall Street

One important rule of thumb about book reviews (I assume) is that you should finish the book before reviewing it. That seems wise. On the other hand, when reviewing a book that seems bad in the first 110 pages, it seems like a waste of time to continue. I read the first part more than […]