I’ve been working on my taxes this year and was sadly disappointed to see that I would have to pay an additional $5,000 on top of the $70,000 I have already paid in taxes for 2016. Â Â It seems that I was hit with multiple bonus taxes for Medicare and the AMT for some reason….
Category: The Fed
Robby Soaves versus Talia Jane – Both are wrong or right?
I came across Robby Soaves “Fired Yelp Millennial earned what young workers are worth†and it boiled my blood.  What these so called “financial journalists†often fail to realize is that people like Talia Jane are victims of a grander failed policy plan of an organization called the “Federal Reserve†which is THE key…
The Price Is Right “ShowCase” and Inflation
This past Memorial Day Weekend, which I spent at home, I watched an old show on TV that I hadn’t seen in decades, it’s a TV show called the Price is Right.  The premise of the show is for people come up and try to guess the prices of items to win various prizes then…
IRS and Social Security Both Screwing Taxpayers
The latest travesty from the IRS seems to be limiting 401k contributions to the same amount as last year at $17,500 with no adjustments for inflation. Did I miss something where inflation was put on hold this year? Here is an historical look at 401k contributions for the last few years: 2005 – $14,000 for…
Why I Can’t Support Romney or Democrat Congressional Reps
Not too long ago, I wrote a post about my dystopia-like feeling of the next election and hinting that I had no idea who or what I would support but it is becoming clear now.  For starters, I couldn’t support McCain in the GOP in 2008 because Bush turned out to be a miserable failure…
$1.3 Trillion In Wealth Vanished Yesterday
The stock market drop yesterday essentially translates into a loss of $1.3 trillion in wealth and I had the good fortune to capture profits on FAZ holdings and, as always, I buy long and sell short (via calls on ETFs) so I continue to make money in the market.  Where do we go from here?…
Another MBA Semester Completed
At my current rate and my recent change to get two MBA’s for the price of one, I anticipate I’ll be done by 2013 instead of 2012.  Of course, I could take a bigger course load, go to school during the summer and be done sooner but I love getting student loan money semester after…
Why You Should Prepare Now For The Upcoming Market Crash!
It is with near mathematical certainty that the stock market is going to crash and crash hard in the near future.  The Fed continues to pump money and talk of QE2 and QE3 ad infinitum. Just ask yourself one thing:  What is going to happen when the funny money spigot is shut off? The ONLY…
Are You Ready For One More Bubble?
The Fed announced a $600 billion dollar planned Treasury purchase and may decide to pump more money if “necessary” in the future. This essentially now lays the groundwork for the next bubble.  The Dow is already showing signs of resurrection as it soared to 11.5k and while there may be a few pull backs I…
The 401k Will Soon Be Dead
If Uncle Sam thinks I’m going to “voluntarily” buy Treasury bonds with my 401k, he’s going to have a big surprise when I simply stop contributing and opt out, assuming that option is even available.   For decades third world countries have been nationalizing and seizing pension plans and now the U.S. seems to be headed…