Posts Tagged ‘Taxes’
I am taking new clients
Posted on October 7th, 2011 by GWM
Last quarter a client of mine asked my permission to refer his friend to me. He didn’t want to offend me by giving out my business card without my okay.
I’m hereby giving everyone permission to offend me!
What this conversation led me to understand is that I haven’t done a very good job communicating that Generosity Wealth Management has the knowledge, infrastructure, and expertise to help out your friends, family, and those you care about.
I work with clients… Read More
Average Tax Refund: $3,129
Posted on March 23rd, 2011 by GWM
Th
e average tax refund for 2010 is $3,129, up from about $3,000 a year ago.
This may seem like winning the Lotto to someone who’s receiving it, but let’s not forget that it was your money to begin with.
So, before you get too excited, remember it’s a refund, not a gift.
 … Read More
TARP cost Estimate Cut to $25 billion?
Posted on December 2nd, 2010 by GWM
It's a TARP – Get it?
Finally a government program with cost estimates LESS than projected.
The $700 billion Troubled Asset Relief Program is estimated by the CBO to come in at $25 billion dollars.
At the time, if you remember, it was billed as a gift and we were out the money. However, due to repayments and other fortunate events, most of the money allocated has either not been used or has been repaid.
AIG and the auto industry are costing about… Read More
Bipartisan Vow: We’ll Fix AMT
Posted on November 17th, 2010 by GWM
20 million people will be paying the “tax on the rich” AMT come January if Congress doesn’t amend the law.
Will they? My guess is yes.
Will they resolve the estate tax issues by the end of the year? I doubt it.
FULL ARTICLE: BIPARTISAN VOW: WE’LL FIX AMT
 … Read More
Difference Between Fiscal and Monetary Policy
Posted on November 11th, 2010 by GWM
What’s the difference between Fiscal and Monetary policy?
It seems like discussions about these 2 similar, but very different, topics are forever getting confused.
If you’re worried about taxes, deficits, and the debt, is that a fiscal or monetary issue?
I want you to know the difference so you’re the smart one at the cocktail party discussion.
 … Read More
Unintended Consequences
Posted on November 11th, 2010 by GWM
There is an interesting study that says states that ban texting while driving actually have rising accident claims.
Why? They theorize that drivers try to evade police by lowering their phones when texting, which increases the risk by taking their eyes even further from the road and for a longer time.
Why do I bring this up? Because the unintended consequences of every action should be taken into consideration.
A good think to remember when we’re talking about economic policies–monetary or fiscal.
Roths and Tax Rates
Posted on October 20th, 2010 by GWM
2010 is the year of the Roth Conversion and maybe the end of lower taxes.
In 2010 there are unique Roth Conversion rules that expire at the end of the year.
With higher tax rates next year, what should you do?
Listen to my video below to find out why this is so important.
 … Read More
Tax Rates Hikes
Posted on October 20th, 2010 by GWM
As a follow up to my video in the next blog, unless Congress passes a new tax law in a lame duck session by the end of the year, higher taxes are in your future.
Here’s the chart
 … Read More
Tax Cuts for Some, but AMT for All
Posted on September 15th, 2010 by GWM
President Obama came out this week in support of making the Bush tax rate cuts permanent for those making $250,000 or less.
Good move, and let’s see what happens in Congress with this hot potato.
Is anyone talking about Alternative Minimum Tax (AMT)? No.
The AMT is scheduled to sunset too, and the Congressional Budget Office estimates the number of people this affects will jump from 4.5 million taxpayers to 27 million in 2011.
Click on these links to see a few tax cut articles… Read More
Why the Euro is Doomed
Posted on September 9th, 2010 by GWM
Have you been paying attention to my blogs? Good, that’s the answer I wanted.
We may have some fiscal problems here in the United States, but compared to the Europeans we’re looking like a beauty queen.
The Euro? I surely wouldn’t be long the Euro.
 … Read More
Taxpayers on the Hook for $3 Trillion in Pensions
Posted on September 9th, 2010 by GWM
The reason I include this article is to reinforce my belief that Municipal Bonds are something to avoid.
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.
 … Read More
I am taking new clients
Last quarter a client of mine asked my permission to refer his friend to me. He didn’t want to offend me by giving out my business card without my okay.
I’m hereby giving everyone permission to offend me!
What this conversation led me to understand is that I haven’t done a very good job communicating that Generosity Wealth Management has the knowledge, infrastructure, and expertise to help out your friends, family, and those you care about.
I work with clients… Read More
Average Tax Refund: $3,129
Th
e average tax refund for 2010 is $3,129, up from about $3,000 a year ago.
This may seem like winning the Lotto to someone who’s receiving it, but let’s not forget that it was your money to begin with.
So, before you get too excited, remember it’s a refund, not a gift.
 … Read More
TARP cost Estimate Cut to $25 billion?
It's a TARP – Get it?
Finally a government program with cost estimates LESS than projected.
The $700 billion Troubled Asset Relief Program is estimated by the CBO to come in at $25 billion dollars.
At the time, if you remember, it was billed as a gift and we were out the money. However, due to repayments and other fortunate events, most of the money allocated has either not been used or has been repaid.
AIG and the auto industry are costing about… Read More
Bipartisan Vow: We’ll Fix AMT
20 million people will be paying the “tax on the rich” AMT come January if Congress doesn’t amend the law.
Will they? My guess is yes.
Will they resolve the estate tax issues by the end of the year? I doubt it.
FULL ARTICLE: BIPARTISAN VOW: WE’LL FIX AMT
 … Read More
Difference Between Fiscal and Monetary Policy
What’s the difference between Fiscal and Monetary policy?
It seems like discussions about these 2 similar, but very different, topics are forever getting confused.
If you’re worried about taxes, deficits, and the debt, is that a fiscal or monetary issue?
I want you to know the difference so you’re the smart one at the cocktail party discussion.
 … Read More
Unintended Consequences
There is an interesting study that says states that ban texting while driving actually have rising accident claims.
Why? They theorize that drivers try to evade police by lowering their phones when texting, which increases the risk by taking their eyes even further from the road and for a longer time.
Why do I bring this up? Because the unintended consequences of every action should be taken into consideration.
A good think to remember when we’re talking about economic policies–monetary or fiscal.
Roths and Tax Rates
2010 is the year of the Roth Conversion and maybe the end of lower taxes.
In 2010 there are unique Roth Conversion rules that expire at the end of the year.
With higher tax rates next year, what should you do?
Listen to my video below to find out why this is so important.
 … Read More
Tax Rates Hikes
As a follow up to my video in the next blog, unless Congress passes a new tax law in a lame duck session by the end of the year, higher taxes are in your future.
Here’s the chart
 … Read More
Tax Cuts for Some, but AMT for All
President Obama came out this week in support of making the Bush tax rate cuts permanent for those making $250,000 or less.
Good move, and let’s see what happens in Congress with this hot potato.
Is anyone talking about Alternative Minimum Tax (AMT)? No.
The AMT is scheduled to sunset too, and the Congressional Budget Office estimates the number of people this affects will jump from 4.5 million taxpayers to 27 million in 2011.
Click on these links to see a few tax cut articles… Read More
Why the Euro is Doomed
Have you been paying attention to my blogs? Good, that’s the answer I wanted.
We may have some fiscal problems here in the United States, but compared to the Europeans we’re looking like a beauty queen.
The Euro? I surely wouldn’t be long the Euro.
 … Read More
Taxpayers on the Hook for $3 Trillion in Pensions
The reason I include this article is to reinforce my belief that Municipal Bonds are something to avoid.
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.
 … Read More
