Punch Drunk on Taxes Odds are good that if you hear the words “Mike Tyson” and “money,” you think of the huge purses ($685 million!) that Iron Mike won, then squandered, in his colorful career. Tyson, who surely could have benefited from reading a Dave Ramsey book, was legendary for his excess. Who else would… Read More

Use Your Words It’s a common misconception that accounting and taxes are all about numbers. Looking at a balance sheet or a tax return, it’s an easy mistake to make. Just look at all those numbers in all those boxes! In reality, though, it’s not about numbers, and any competent 10-year-old can handle the math.… Read More

It’s All About Perspective, albeit a Tax Rate Perspective There’s a saying, usually attributed to Lenin, that “nothing can happen for decades, then decades happen in weeks.” These last few weeks certainly feel like decades happening in weeks. The election, the coronavirus surge, and especially the violence in Washington have combined to produce a news… Read More

  It’s not just a new year, folks. 2020 is finally . . . finally . . . finally over! While most of us were perfectly happy to see it in with a whimper instead of the usual bang, we’re all looking forward to the day when murder hornets, Tiger King, and (“gestures wildly in the air”) all… Read More

It Was a Very Good Year America has always been a land of opportunity, and there are many paths to fame and fortune. If you’re physically gifted, consider professional sports. If you’re blessed with good looks, Hollywood beckons. If you’re born with the gift of gab, consider used cars (or politics). And if you’re just… Read More

Despite the 2020 malaise, holiday season is in full swing, and we expect you’re on your best behavior to make Santa’s nice list. But there’s one famous guy who works harder than anyone else to be naughty this time of year, even in 2020 — and that’s everyone’s favorite Dr. Seuss anti-hero, the Grinch. We… Read More

Tax Planning – Positively Wall Street The Time: July 25, 1965. The Place: The Newport Folk Festival. Master of Ceremonies Peter Yarrow steps out to introduce the singer-songwriter sensation Bob Dylan. Festival organizers are perplexed as they watch his crew setting up heavy equipment. Then Dylan takes the stage to launch into “Maggie’s Farm” —… Read More

You Can’t Keep a Good Man Down, But a Bad Tax Idea? “If at first, you don’t succeed, try, try again.” That was Thomas Edison’s motto — and it’s a good thing, considering it took him 10,000 tries to perfect the incandescent light bulb. The Jedi Master Yoda might disagree (“Do, or do not. There… Read More

In 1886, a chemist named John Pemberton concocted a sweet, carbonated “brain and nerve tonic” made with coca leaves and cola nuts. Six years later, he sold his recipe for $2,300 to the druggist Asa Candler, who spun it into multinational gold. While the current product has just half the caffeine and none of the… Read More

Here in our United States, our government is sliced and diced between Uncle Sam, 50 states, 3,141 counties, and 89,000-odd cities, towns, and villages. You would think that 244 years of independence, along with a dollop of Yankee ingenuity, would produce a crisp, streamlined system for paying for it all. Instead, we’ve got a janky… Read More