February 2009

Are Skinny People Richer?

February 28, 2009

Hi All, I was cruising the social science databases today when I came across an interesting paper on the topic of body weight and wealth. What the author, Ohio State researcher Jay Zagorsky, found was that as body weight increases, wealth declines. Like a good scientist, Zagorsky threw the kitchen sink at his finding. He [...]

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The Depression of 09

February 28, 2009

So sayeth the New York Times.

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Where The 2010 Tax Increase Will Hit

February 27, 2009

Hi All, Someone over at CNBC did a smart job crunching census data to see which states would take the hit when the White House’s fiscal 2010 increases on individuals making more than $200k comes due. In order from highest to lowest, the top five states are: 1) The District of Colombia2) Connecticut3) New Jersey [...]

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Is Bono A Tax Evader?

February 27, 2009

You gotta love a story like this. Evidently rock singer Bono and his band U2 have moved their music publishing business from Ireland to the Netherlands. Why? According to some, they are trying to get around taxes on music royalties. People will go to great lengths to save money on taxes, and it usually is [...]

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The Top Five Richest States

February 27, 2009

If you’re interested in geeking out a little bit on US income distributions, the incometaxlist.com has crunched some IRS numbers and come up with the richest states in the union. The top five richest states are: If you want to see how your income compares, check out their salary list. You can see how your [...]

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New Tax Tables Are Ready

February 26, 2009

Hi All, Since you’re paying taxes, you might be interested to know that the IRS has prepared new withholding tables for 2009. The new tables reflect the changes to the code as part of the Making Work Pay Credit. Click here. For most people you don’t have to do anything, just enjoy the benefits of [...]

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Tax Refund Anticipation Loans are a Ripoff

February 26, 2009

Hi All, Its another ridiculously busy day here in DC. At the moment I’m getting some class reading finished up so there won’t be time for a full length substantive posting. However, here is a very good video by money talks news. They’ve done a quick expose on tax return refund anticipation loans. In case [...]

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Sold My Shares in Citigroup

February 25, 2009

Hi All, Well, thats another bunch of dollars down the drain. I just hit the sell button on my shares of Citigroup. After buying in at $19 dollars and selling at $2.75, I’ve officially taken a loss of $1,135. Maybe I’ve been listening to bad news mongers too much recently, but I’ve reached the conclusion [...]

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Got GLD?

February 25, 2009

Hi All, Rather than write an essay, I’ll just note that the DOW is down and gold is up! I think thats a pretty good summary of where things stand financially these days. Happy Wednesday!

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Quote Of the Day – Born To Win

February 25, 2009

“It takes courage to be a winner – not a winner in the sense of beating out someone else by always insisting on coming out on top- but a winner at responding to life. It takes courage to experience the freedom that comes with autonomy, courage to accept intimacy and directly encounter other persons, courage [...]

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