FBI: Why Do You Rob Banks?

A: Because That Is Where the Money Is.

The above exchange is attributed to Willie Sutton a nationally (in)famous serial bank robber during the 1930s.

The same applies to income tax.  The 2020 political cycle (aka “silly season”) started earlier than usual. On que, all sorts of calumny are attributed to the IRS.  In response, it may be of some inconvenient interest to look at the facts.

The IRS recently released its summary of the 2016 individual (Form 1040) tax year returns. The following table summarizes the key data points:

Row A shows the number of cumulative tax returns filed by each group of individuals.  There...

What does it mean to be a patriot? Is it what the media and celebrities tell us, or is it something more meaningful?

July 30, 2019

You don’t have to be among the wealthy to make an impact with charitable giving. When you give to charity, you not only help others, but you benefit yourself as well.

July 16, 2019

Getting older is inevitable, but the healthier you are in your later years, the more you will be able to enjoy them.

July 2, 2019

If your child has graduated high school or is about to and you realize you don’t have enough saved for his college education, don’t panic. There are several things you can still do put money aside and lower the overall cost of tuition.

July 2, 2019

The IRS is seeing signs of two new variations of tax-related scams. One involves Social Security numbers related to tax issues and another threatens people with a tax bill from a fictional government agency.

June 25, 2019

Worried about how you’ll ever save up enough money to cover the huge amount your children will need for their college education? When you start while your children are young, you have many good options.

The current uncertainties contributing to the market's ups and downs have probably been there in one form or another as people have been living in groups.  As many people have long noted, social media and the Internet brings us everything, and social media and the Internet brings everything with an unprecedented immediacy.  This contributes to the general feeling that the world is falling apart.

The world has been falling apart for many millennia. All the world’s religions seek to bring order and reason to a chaotic world.  And all the world’s religions date back millennia.

Several years ago, a financial planning speaker brought this hom...

June 3, 2019

As the population ages, the prevalence of dementia is expected to increase. Here are the common signs of dementia and strategies for caring for someone who has it.

May 27, 2019

Knowing the answers to these nine common questions about Social Security benefits can help you avoid costly mistakes.

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