Archive for the ‘Taxes’ Category

Where Are The Fiscal Conservatives On War Costs?

Where Are The Fiscal Conservatives On War Costs?

By The Banker | Blog Posts, How Not To Invest, Taxes, Texas

Where is the fiscal conservative voice to cut federal defense spending? I’m on the fiscal conservative team. By that, I mean that I believe responsible government expenditure includes a plan for paying government obligations. Sometimes that means cutting spending. Sometimes that means raising taxes. If you’re a fiscal conservative in Congress and you voted this […]

The Huge Unknowns Of GOP Tax Reform

The Huge Unknowns Of GOP Tax Reform

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

We know a lot less about the recently proposed federal tax reform than we think we know. We don’t know what major income tax deductions will stay or go in the final bill. Nobody does, because it’s a highly contested political process right now. Most importantly, we don’t know what effect, if any, lower taxes […]

The GOP Tax Reform's True Target

The GOP Tax Reform’s True Target

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

Taxes form the backbone of the relationship between government and the governed, revealing most starkly what we value as a society. Spoiler alert: We value business owners and investors. The most dramatic proposal to emerge from “The Unified Framework For Fixing Our Broken Tax Code”  announced last Wednesday from GOP leadership in Congress and President […]

The End of MyRA

The End of MyRA

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Taxes

At the end of July the Trump administration quietly killed a retirement program called MyRA , intended to help lower and middle-income people begin investing for retirement. Good riddance. If you are of a certain political cast of mind, you might see the end of the MyRA as another hit job by Wall Street and […]

War on Cash or Privacy

War on Cash or Privacy

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Taxes, Texas

I started thinking about the War on Cash recently over a giant plate full of butter, syrup, and pancakes. You see, I spent part of my summer vacation in Gatlinburg, TN, which some think of as the jumping-off point to Great Smoky Mountains National Park, but I prefer to think of as the Pancake House […]