The current COVID-19-induced economic and financial shocks aside there are some fascinating trends developing in the United States with equally fascinating socioeconomic implications. OBSERVATIONS People are angry. It isn’t hyperbole to suggest the country has never been more divided at any other point in time but for the issues of slavery and states’ rights in [...]
Now that the noise has died down (a bit) we've opted to say a few words.
As follow up to the March 17th announcement of a three-month reprieve to pay 2019 income taxes the IRS has issued Notice 2020-18 extending the deadline for the filing of returns. Previously returns were due on/before April 15th despite the additional time allowed for payment.
Treasury Secretary Steven Mnuchin announced Tuesday that taxpayers will get a three-month reprieve to pay their 2019 income taxes as part of the federal government’s coronavirus response. Returns, however, must still be filed by the traditional April 15th deadline. Filers will have 90 days to pay income taxes due on up to $1 million in [...]
Americans love sports. Why? The reasons are seemingly endless. A popular feature is certainty. At the end of the game there’s a clear winner and loser. Along with certainty comes fairness. We want what’s “right.” What else explains instant replay? Americans loves politics. Why? The reasons are seemingly endless. A popular feature is certainty. At [...]
In today’s hypersensitive PC culture everything is a personal affront. Should Phil Jackson refer to LeBron James’ business partners as a posse Reverend Al will call for a boycott of all things NY. Posse after all is code for all things racist. Even pointing this out will get us in hot water with the Twitterverse. [...]
In a surprise to no one (except the grandstanding politicians who brought legal action and did this and this) the four states (CT, MD, NJ and NY) challenging the $10,000 cap on the federal state and local tax (SALT) deduction created by the Tax Cuts and Jobs Act lost their argument. On September 30th a [...]
OK, uninformed is a bit reckless. We don’t mean uninformed in the literal sense. We’re speaking relatively. What we really mean is that advice from people outside of the fields of business, investing and economics is rather helpful when making decisions that have business, economic and societal impacts. In this spirit we queried folks working [...]
To paraphrase a smart quote about Trump the public takes him seriously but not literally whereas the media takes him literally but not seriously. The former explains his election – the latter the existence of his antagonists. Exceptions? Sure. There are people who hang on his every word and take to social media to voice [...]
Yesterday kicked off the first of the Democratic debates. How many are seeking the nomination? Might be better to ask who isn’t. Lots of folks on that stage last night. Anyway...a major plank in the platform is student loan forgiveness. Presumed frontrunners Elizabeth Warren and Bernie Sanders are pledging to forgive 75% and 100% respectively. [...]