How big a tax bill would you have to pay before it really hurt? Would sending the IRS $10,000 do it? What about $100,000? What about $1 million? Would you toast the good fortune that left you with enough income to owe that much tax, or would you stamp your foot and call for the peasants to storm Washington with pitchforks and torches?Continue reading →
Here in the United States, Uncle Sam imposes a “progressive” income tax. As your income goes up, so does your tax rate. However, those rates go up incrementally. If you’re married, filing jointly with your spouse, the 39.6% top rate kicks in at $413,201. (We use the term “kicks” deliberately because that’s how it feels when you’re giving Uncle Sam nearly 40 cents on the dollar.)
Here’s the lesson for the week. Buying big-ticket items like a house, an apartment, or business equipment can involve much more than just running down to the store and whipping out your American Express card. And selling those sorts of assets the wrong way can cost you even more. So don’t make those decisions alone. Call us, for the plan you need to buy and sell right!Continue reading →
United Airlines depends on internet technology as much any big business — the days of friendly travel agents patiently walking you through route choices are long gone. So back in May, they took advantage of a clever strategy for avoiding the sorts of attacks that make the skies less friendly. They call it the “Bug Bounty Program,” and it pays “white knight” hackers to find the flaws in their system before the bad guys do. Last month, the airline paid two hackers a million “MileagePlus” points each for finding and documenting major flaws related to remote code execution (whatever that is).
A million miles is literally enough to fly to the Moon and back twice, if you don’t mind cramped seats, surly gate agents, $15 snacks, and changing planes in Newark. (Can you imagine flying to the Moon in a middle seat? How much would they charge to check a bag?) But back here on earth, what do our friends at the IRS think of the Bug Bounty program?Continue reading →
Us Weekly is one of those glossy tabloid magazines you see in the checkout line at your local supermarket. Every week, they run a photo feature called “Stars: They’re Just Like Us,” with revealing, slice-of-life gems such as a Bachelorette throwing a ball to her dog in the park, a former supermodel cheering at her kid’s soccer game, or Matt Damon adjusting his fly while he waits in line to renew his driver’s license. (We’re explaining this because we know you would never read anything so frivolous.)Continue reading →
The 1985 Chicago Bears were one of the greatest teams in NFL history — in fact, ESPN ranked them the greatest ever. Quarterback Jim McMahon, Hall-of-Fame running back Walter Payton, defensive tackle William “Refrigerator” Perry, and the rest of the … Continue reading →