Filings for personal bankruptcies are at an all-time high today. The reason is fairly obvious to anybody who has the vaguest idea about how family budgets work. I can explain the problem in two words: mortgage crisis!
Personal bankruptcy cases that were filed in the first quarter of 2008 were nearly double what they were last [...]
The recent defeat of the “bailout” plan by the House of Representatives is shortsighted, and may prove harmful. Responding to feedback from their constituents, House Republicans defeated a proposal that would allow the transfer of tainted mortgages from financial institutions to a governmental agency that would administer these troubled mortgage loans.
Concerned citizens listed a number [...]
Tax reduction are the results from tax deductions. Tax deductions reduce taxable income but do not directly reduce federal income taxes. For example, $100,000 of tax deductions reduces federal income taxes by $35,000 ($100,000 X 35%), assuming a 35% tax rate. Most tax reduction require a cash expenditure (labor, material, supplies, utilities, etc). A current [...]
Introduction
The future of elderly women’s retirement in America is increasingly becoming financially challenged and policies relating to Social Security insurance seem less promising. Life work experiences for Mexicans, African American and other minority women usually are shorter than work experiences of mainstream workers. (citation). Therefore, the gender gap between men and minority women’s retirement is [...]
You may question why I call the coming federal tax increases a Tax Bomb? The reason is that he tax increases that are coming are going to impact individual households and the economy as whole in the same manner that the atom bomb impacted Japan at the end of World War 2.
Most Americans are so [...]
It is heartening to know that Washington is returning our money to us as tax rebates through the “economic stimulus package.” But is it really going to help? Or is it just like putting a band-aid on a gun shot wound?
In the Bush Administration, Congress and Federal Reserve’s efforts to ward off a recession and [...]
This article promotes tax mistakes tax of wisdom that state “Give a man a fish and you will feed him for a day. Teach a man how to fish and he will feed himself for life.” The promises of politicians are almost always as you know based on giving their prospective voters a fish, that [...]
Jose Medellin is a convicted rapist. Jose Medellin is a convicted murderer. Fourteen years ago he was sentenced to death for participating in the gang rape and murder of Elizabeth Pena, 16 and Jennifer Ertman who was 14. The girls had tragically wandered upon a gang initiation. This would seem to be just one more [...]
How much influence do we want and expect from the U.S. in the modern world? From the heydays of isolationism before WWI to the modern concept of “Realpolitik”, America has undergone profound transformations both politically, economically and militarily. We changed from a ’sleeping giant’ just before WWII to the most powerful nation on earth after [...]
This article promotes the words of wisdom that state “Give a man a fish and you will feed him for a day. Teach a man how to fish and he will feed himself for life.” The promises of politicians are almost always as you know based on giving their prospective voters a fish, that is [...]
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