Posts Tagged ‘taxes’

Estate Tax Takedown - Levine Defeats Mankiw

Estate Tax Takedown – Levine Defeats Mankiw

By The Banker | Blog Posts, Personal Finance, Taxes

I’m a huge fan of Bloomberg’s Matt Levine,1  who is basically smarter and funnier than anyone writing about finance. Anyway, I was annoyed to read yesterday’s Op-Ed by Gregory Mankiw (whose textbook of course we all had to have in College) Mankiw’s a Harvard professor with all the respect that comes with that, and he’s [&hellip

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that [&hellip

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