Tax Reform 2.0 update

Posted Leave a commentPosted in News and Politics, Taxes

This is a bullet point overview of the “Protecting Family and Small Business Tax Cuts Act of 2018” (HR 6760), the “Family Savings Act of 2018” (HR 6757) and the “American Innovation Act” (HR 6756), that are collectively referred to as “Tax Reform 2.0” as passed by the House of Representatives on September 27-28, 2018. […]

Fast Facts about the US economy

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

A few rich politicians are touting the “miracle economy” and unfortunately this propaganda is effective in fooling some people. Here is the real story for average Americans: REAL EARNINGS ARE GOING DOWN FOR MOST PEOPLE. We earn less than we used to when measured as purchasing power. We’ve had the greatest drop in real wages […]

Downe Township government said to merge

Posted 1 CommentPosted in government, New Jersey, News and Politics

The fate of New Jersey’s most rural township remains uncertain. In 2005 I predicted that Downe Township NJ could be among the first indirect municipal casualties of sea level rise in the US . This was the forecast I made as part of a private client investment report based only on projected future municipal cash flow. It […]

10 reasons to not vote for Tony Novak

Posted Leave a commentPosted in New Jersey, News and Politics, nonprofit

This isn’t directly tax related but it might be critical to the planned local tax-free small business investment program. One of our angel investors wants me to run for local political office and might make his financial support dependent on it. With millions of public and private reinvestment on the line and local government facing […]

Boycott Sinclair in Pennsylvania

Posted Leave a commentPosted in News and Politics

The Sinclair broadcasting network has raised the nation’s awareness of the risk of centralized media control. Fortunately we have no Sinclair stations in New Jersey, Delaware or eastern Pennsylvania – all areas that are known for higher levels of education and independent thinking.  It would be more difficult for a manipulator to gain financial support […]

What Does the Omnibus Spending Law Mean to Me?

Posted Leave a commentPosted in Financial Planning, Financing, News and Politics

It is not possible to analyze a massive 2,232 page $1.3 Trillion dollar federal law within a matter of hours after its passage. (This is a terrible way to handle major legislation, but that shame on Ryan and crew is a whole different topic). Yet this new federal spending bill is likely to have more […]

Seven things you can do to help disarm the U.S.

Posted Leave a commentPosted in Leadership, News and Politics, Security

The world is changing at an increasing rate. This is called the “age of accelerations”. Unfortunately our government, our laws, and public attitude is not keeping pace with this rapid pace of change in a way that allows up to effectively process and deal with change1. The gun issue is a high profile, life-and-death example […]

2nd amendment repeal: political mission impossible

Posted 4 CommentsPosted in Leadership, News and Politics, Pennsylvania

1) The US Constitution did not intend to protect the rights of mentally deranged individuals to own modern weapons with massive firepower. 2) The only possible way to effectively address gun violence is to repeal the second amendment. Anything else is a band-aid. 3) I have been a NRA member and gun owner but now […]

The real obstacle to immigration reform

Posted Leave a commentPosted in government, immigration, Leadership, News and Politics

I was glad to see this ‘middle of the road’ balanced and non-political coverage of immigration reform in USAToday. “With no major reforms since 1986, our federal immigration laws must be updated. To enhance security, boost the economy, and deal fairly with immigrants seeking to build the American dream. For too long, Washington has avoided […]

Why the tax law might not mean much to you (but a lot for the rich)

Posted 1 CommentPosted in News and Politics, Tax Planning, Taxes

We now have the final details of the federal income tax bill published about 10 hours ago1. It seems natural for a tax geek like me to immediately calculate the effect the tax bill has on my family. My family is clearly in the ‘middle of the middle class’ by any measurement we may choose […]