Tax Blog/Blawg

With the new Democratic Administration coming in as well as concerns for the next round of assistance for folks hurt by the pandemic, we are hearing more support for an increase and expansion of the Earned Income Tax Credit.  Although basically in favor of this, I have some mixed emotions.

As far as the “good” is concerned, I think it’s terrific that Congress is taking into consideration the needs of the working poor, the families where there are one or two persons working 1 to 3 jobs, just to make ends meet, and usually falling short.  Without trying to demonize the folks who are not ...

There are few limits to human ingenuity.  We are witnessing this inventiveness as multiple vaccines roll out across the globe to tackle the Covid-19 pandemic.  Similar worldwide efforts may someday result in technologies to address climate change, and in particular the presence of atmospheric carbon gases which are widely-regarded as the cause. 

For now, it remains unknown what types of technologies will ultimately supply the cure.  Possibilities range from alternative energies that do not release carbon gases (the trick is finding such an energy that is reliable, abundant and ...

The two happiest days in a boat owner’s life are the day they purchase the boat and the day they sell it, or so the old adage goes.  The same saw may apply to the purchase of private jets, as they are massively expensive to maintain and operate, particularly if the owner hires others to deal with the many hassles of ownership.  Nevertheless, due to the pandemic, there has been a spike in private air travel.  Many wealthy individuals opt for chartering jets or joining private jet membership clubs like Net Jets, Blue Sky Jets, and Wheels Up.  But for some, there’s nothing like owning your own ...