The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.
The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.
The worst marriage penalty is for couples earning between $26,000 and $60,000 who have three or more children.
Asset Allocation means always having something to complain about.
Stewardship suggests limits on how people ought to rule over their environment. It is not a justification for bureaucrats’ limitless rule over people.
Here are some large cap stocks with very low 12 month trailing P/E ratios.
You cannot argue this increased tax is their “fair share” simply because they are married.
To fulfill the financial resolutions of spending less, living within our means, and paying off our debt, the country first needs to encourage production rather than discourage it.
Passive investing is like a ginger bread house, a sweet and beautiful harmonious selection of treats which work well together to build your financial house.
One of the strange and unintended consequences of targeting the rich with more taxes will be a greater gap between the rich and the poor as employees will shoulder their fair share no matter what.
Merry Christmas from the team at Marotta Wealth Management, Inc.
Studies suggest that both a gambling addiction and success in politics correlate with psychopathic behavior. Had Dickens included a gambler personality in a Christmas Carol, it would have been a different story.
David John Marotta was interviewed on radio 1070 WINA’s Schilling Show on December 11, 2012 discussing the Fiscal Cliff, rising taxation, and economic discrimination.
How To Market Time The Fiscal Cliff? Don’t even try.
Will millions of middle income consumers spending $2,200 each have a greater stimulus than thousands of small business entrepreneurs saving and investing $100,000 each in new ventures? You decide after watching this holiday video from EconStories.
Few of us ever think about how the Ninth Amendment preserves all of our rights not cited in the Constitution. What are some examples of these unenumerated rights?
And “The Top 6 Communication Skills That Will Get You Promoted”
Obama would have you believe that $2,200 is a fiscal cliff, but $119,878 is just paying their fair share.
It is a crisis fabricated 100% by politicians. And avoiding the fiscal cliff is being used hypocritically for additional political gain.
“Most people don’t know this, but right now there’s a loophole in the American banking system that enables you to exchange ordinary paper dollars for real silver coins.”
“Inflation and loss of capital pose dangers to retirees seeking a sustainable income stream.”
With the enormous increase in the taxation of dividends, high net worth investors may be tempted to abandon dividend-paying stocks entirely. This is not necessary.
Most Americans fail to plan adequately for retirement. As a result, they often miss out on opportunities to enjoy the second half of life.
“I would like to give my daughter my newer car, but the tax considerations are not simple.”
Tax on capital gains is scheduled to rise and become much more complex at the end of this year. Keeping your head in the midst of these changes can help your bottom line. Government should tax either the value of an asset or its yield but not both.
While Roth conversions will be advantageous for some next year, they are advantageous for nearly everyone in 2012.
“I was talking to a doctor in town who said he was surprised how many patients he had seen with clinical depression over the election results. I believe the definition of clinical is the thought that ‘Things will never be good again.'”
The victors in the recent election have declared it open hunting season on the rich, which they evidently believe will solve our spending problems. Tax hikes everywhere are aimed at the most productive members of society.
Many people support public funding of disaster relief partly because they fear being described as unfeeling and selfish. Is there a moral obligation to support this public funding?
“Unless we begin to close this gap, then the inevitable result will be that our debt/GDP ratio will continue to rise, the Fed would print money to pay for the deficiency, inflation would follow, and the dollar would inevitably decline.”
Here are thirty reasons Obama doesn’t deserve a second term.
The presidential election should be settled by a single question: “Who caused the financial crisis of 2008?” President Obama’s entire campaign has centered on his claim that he inherited a mess caused by the failed policies of the past.
It might be a good idea to listen to those who watch the cause and effect in the economy on a regular basis.
Such a well-intentioned program which steals our youth, our love, our happiness, our faith and our self-esteem.
In 2008 Obama captured 66% of the youth vote. But unlike the liberal ideological baby boom generation, millennials are more pragmatic. Support for Obama among the 18- to 29-year-old age group has dropped to 48%.
Are half of college graduates unable to get a college level job?
A light hearted look at Bert and Ernie’s politics.
“Sesame Street,” for example, made more than $211 million from toy and consumer product sales from 2003-2006. Sesame Workshop President and CEO Gary Knell received $956,513 in compensation in 2008.
Perhaps the most significant part of the vice presidential debate was the exchange over Romney’s proposal to lower tax rates by 20% and close loopholes and deductions. Does the math add up?
Does flatting and reducing the top rates by 20% and eliminating deductions collect the same amount of tax?
David John Marotta was featured on radio 1070 WINA’s Schilling Show on October 9, 2012 discussing politics and the upcoming election, focusing on small businesses and their tax burden.
Just over 12% of small business tax returns had gross receipts over $250,000. Their marginal tax return is the highest and tax changes to this group is what has the greatest effect on employment.
Two critical questions were raised during the first presidential debate: Are small businesses important to American’s prosperity? And if they are, which candidate will unleash that engine of economic growth and employment? Fact-checking the candidates offers a clear answer.
Disparaging the entrepreneurial growth of small businesses as trickle-down economics misses the shower of prosperity.
Personally I think it is a mistake to value supporting the government (taxes) higher than supporting society (charitable giving).
The hypocrisy of candidates who pretend to be generous with other people’s money while purposefully characterizing those who are actually generous destructively is an issue worthy of consideration when you vote.
Much has been made about Mitt Romney’s tax returns. Reviewing them clarifies both public policy and personal wealth management. A quick calculation assumes their overall tax rate was 14.1%. But this number is highly misleading.
The Romney’s generosity and tax burden is hardly the example of greed and avarice that advocates of greater government would have us believe.
Interview with George Marotta on his time at Stanford’s Hoover Institution with Miilton Friedman, Thomas Sowell and Edward Teller.
Four reasons not to abandon a brilliant allocation that includes emerging markets simply because of short term fluctuations.