Everybody is worried about a fiscal cliff, so what the hell is it? In a nut shell, Bernanke coined the term in Feb 2012 as a way to describe massive spending cuts and tax hikes in January 2013 if there is no budget deal in Washington DC. Because the House is still controlled by the
Solutions To The Fiscal Cliff: Time To Start Investing? Read More »
For 2019, the US government is going through another shutdown because Trump wants a $5.6 billion for a wall and the Democratic controlled congress doesn’t want to pay for it. After a 21 day shutdown, the cost to the American tax payer is now $6 billion, or more than the cost of the wall. It’s
When Will The Government Shutdown And Furlough End? Read More »
For the first time since 1995, the US Government has finally shut down thanks to no agreement between the Democratic controlled Senate and the Republican controlled House in passing any federal spending bills for 2014. The key point of contention was the Republican party’s desire to prevent the Affordable Care Act (Obamacare) from happening. As
Implications Of A US Government Shutdown Read More »
It should come as NO surprise to long time Financial Samurai readers that the IRS admitted to targeting conservative groups since Obama became President. The government already discriminates against those who make over a certain amount by charging higher taxes even though they already pay for the majority of all taxes. Meanwhile, the deductions and
How To Avoid An Audit Based On Discrimination By The IRS Read More »
Despite mentally writing off the value of my Social Security benefits, in the bottom drawer in the way back of my cob-webbed mind, I know it will be there to fund my early bird special seafood buffets when I’m retired. Sure, the eligibility age for withdrawal might rise from 62 to 67, but we’re all
You Can Count On Social Security Benefits In Retirement Read More »
Why work if we’ve got Obama? I had this rhetorical question asked to me so may times while Obama was President. Recently, I’ve had a couple tennis friends ask me, “Why work when we’ve got Joe Biden?” It’s an interesting attitude I’ve picked up again as I plan to re-retire once there’s herd immunity. Let’s
“Why Work If We’ve Got Obama?” Said My Rich Friend…. Read More »
Imagine diligently saving $100,000 over 10 years only to wake up the next day to see $93,250 in your account. Now imagine having to fork over $99,000 of your $1,000,000 nest egg right before you plan to retire. The Cyprus president has basically negotiated a 6.75% tax on all deposits under €100,000 and a 9.9%
Cyprus Reminds The World To Diversify Our Assets And Never Trust The Government Read More »
I never thought we’d go over the fiscal cliff, but it turns out the chances are now over 50% after Boehner’s Plan B can’t even get enough Republican support. Raising the absurdly low income threshold for tax increases from $250,000 per couple to $1 million per couple sounds like a fantastic compromise. Nobody making over
Financial Moves To Make Before And After The Fiscal Cliff Read More »
The government has developed a great system to rob American citizens and there’s almost nothing you can do about it.
How Tax Collectors Like The IRS Cleverly Rob You Of Your Money Read More »
The latest presidential election was won by Joe Biden. Biden beat Trump’s re-election bid due to various issues. We should expect households making over $400,000 to pay a new tax rate of 39.7% eventually. The presidential election is just days away! This is when candidates start hamming it up and telling us all the great
Presidential Election Time: Policies To Win America’s Vote Read More »
