Posts Tagged ‘taxes’

Taxes Rant: Carried Interest Edition

Taxes Rant: Carried Interest Edition

By The Banker | Blog Posts, Taxes, Texas

Note: A version of this post appeared in the San Antonio Express News. Dear Money: I miss you so, so much. I recently mailed off – with deep feelings of loss – two of my biggest checks of the year: one for real estate taxes to the county where I live and the other to [&hellip

529 Accounts and Tax Fairness

529 Accounts and Tax Fairness

By The Banker | Blog Posts, Inequality, Investing, Personal Finance, Taxes

President Obama recently announced a series of tax changes he will propose or at least politically push for in the coming year. Since the US Congress constitutionally controls the power of taxation, and Congress likes Obama as much as I like Pete Carroll’s Seahawks, I understand that Obama’s priorities may not come to pass any [&hellip

The Good Old Days of Filing Income Taxes - 1948 Edition

The Good Old Days of Filing Income Taxes – 1948 Edition

By The Banker | Blog Posts, Personal Finance, Taxes

For Throwback Thursday, the first day of Spring, and just three weeks until income tax returns are due, I offer up this vintage 1948 Federal income tax for 1040. My friend – whose grandfather worked in the steel industry in Youngstown, OH – found his old tax return and thought Bankers Anonymous readers would get [&hellip

The Problem of Tax Code Complexity

The Problem of Tax Code Complexity

By The Banker | Blog Posts, Taxes

With the nightmare US debt default temporarily avoided, let’s review some basics. The budgetary responsibility of the US Congress has two parts: 1. Set spending levels (money outflow) and 2. Set taxation levels (money inflow) Congressional rhetoric in the recent nonsense weeks mostly focused on spending (money outflow), whereas the harder but more meaningful discussion [&hellip

On Entrepreneurship, Part III - the air, the taxes, the retirement

On Entrepreneurship, Part III – the air, the taxes, the retirement

By The Banker | Blog Posts

The air is just different owning business equity rather than earning a fixed income with a salary.  Can you smell it? I left Goldman in 2004 and have been downwardly mobile, career-wise, ever since.  I’ve also never been happier. I’ve written before that one of the keys to feeling and being wealthy is do something [&hellip