Posts Tagged ‘taxes’

Wylys - What Were They Thinking?

Wylys – What Were They Thinking?

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

I’m fascinated by the psychology of Dallas-based entrepreneur Sam Wyly, recently ordered to disgorge $1.1 Billion for maintaining an extensive offshore scheme that led to convictions and penalties for securities fraud and tax evasion. I’m interested in knowing: What the heck was he thinking? I mean, I gather Sam was motivated to not pay too [&hellip

How To Evade Taxes - Offshore Wyly Style

How To Evade Taxes – Offshore Wyly Style

By The Banker | Blog Posts, Texas

Although no household names from the United States showed up in the “Panama Papers,”[1] – a trove of leaked client correspondence from a Panamanian law firm that helped people set up offshore accounts – a Texas bankruptcy court recently elevated Dallas entrepreneurs Sam and Charles Wyly as the most high-profile offshore-account tax evaders ever caught. [&hellip

Tax Avoidance - All The Feelings

Tax Avoidance – All The Feelings

By The Banker | Blog Posts, Taxes, Texas

One thing worse than paying our taxes is the idea that other people avoid paying their fair share of taxes. On the subject of tax avoidance by other people, I can think of at least three principal feelings. As the kids say, I feel all the feelings. Outright tax fraud People everywhere on the political [&hellip

Hillary Clinton Tax Proposals

Hillary Clinton Tax Proposals

By The Banker | Blog Posts, Taxes, Texas

Last week I described future Republican Presidential nominee Jeb Bush’s tax proposals. This week, for balance, I will review future Democratic Presidential nominee Clinton’s tax proposals. Now, before you #FeelTheBern folks write to tell me about your favorite candidate’s chances in the Democratic primaries, I should say the following: Every letter you write me must [&hellip

Tax Liens In My Life

Tax Liens In My Life

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

Since I like to write about finance, all of real life is merely raw material for finance lessons, so I beg your pardon while I talk about tax liens in my life. A while back  I described my astonishment at how low property taxes were for ‘agricultural exemption’ property that I happened to be eyeing [&hellip