Category: Uncategorized
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Trump tax reform in a nutshell
The big picture goal is to stimulate economic growth from 2% to 3%. The overall long term impact and new debt left to our children cannot yet be estimated. Big question #1: Is a 1% increase in economic growth worth the trillions in immediate cost to public funding? The rich benefit the most. It is…
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Nonprofit tax returns due May 15
If your nonprofit organization has not yet filed its 2016 tax return then I would like to speak with you this week. The filing deadline is May 15. I would like to share the ways that I’ve worked with other nonprofits to lower the cost and hassle of tax filing while providing better information for…
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Annotated text of HR 1275
H. R. 1275 To eliminate the individual and employer health coverage mandates under the Patient Protection and Affordable Care Act, to expand beyond that Act the choices in obtaining and financing affordable health insurance coverage, and for other purposes. IN THE HOUSE OF REPRESENTATIVES March 1, 2017 Mr. Sessions introduced the following bill; which was…
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2017 Trends in health insurance enrollment
These past few weeks at Freedom Benefits I’ve noticed an increase in enrollment related activity of health insurance enrollments for immigrants. I can’t explain that. and I do not know if it is related to recent political news. With the deadline for HRA plan setup approaching on March 30, I am receiving more calls and in…
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Sample tax return preparation fee schedule
An accountant asked for this sample tax return preparation fee schedule (dated 2012), so I am posting it here for others’ use. It is not my schedule and I do not know the source. I am not implying its usefulness in any situation. It appears to be the fee schedule of some unnamed professional firm. My…
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Propaganda today
“The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.” – Russian dissident and chess grand-master Garry Kasparov “Make America Great Again” belies the overwhelming data that suggests growing old gracefully is our nation’s best option. “America First” is equally unsupported by positive…
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Buyer beware (again) in financial services
I regret that we dialed back the clock and returned to a “buyer beware” marketplace of financial services after President Trump yesterday unhinged the fiduciary rule for financial advisers. This move shouldn’t come as a surprise; it is a favor for Wall Street firms who depend on naive financial consumers for their profits. Trump has demonstrated…
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Now is the time to reassure your Republican lawmakers
I just sent this message to my Republican Congressman and urge you to do the same especially if you live in an area represented by a Republican representative. As a growing number of Republican lawmakers express concerns about the president, they need to be reassured in their decision to oppose Trump. “Dear Congressman LoBiondo: I have…
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Can we defund federal government through personal tax avoidance?
Almost half of all money used to operate the federal government comes from individual income taxes. More than half of all individual taxpayers are opposed to the policies ushered in by president Trump, the most famous of modern avoiders. Individual political activism is at the highest level we have experienced in our lifetime. An increasing number…
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ACA is not repealed
There is much misinformation today about the fate of Obamacare. In short, people are overreacting to the Senate’s vote and reading too much into it. Remember two things: 1) Obamacare is still the law of the land. 2) Trumpcare will not be significantly different from Obamacare. I posted a longer version on LinkedIn,