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Last night’s presidential debate revealed two individuals and by association two political parties with fundamentally different economic beliefs and therefore visions for the United States. Since the government plays such a big role in our lives it’s instructive to consider … Continue reading
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In 1980 President-Elect Reagan’s Committee on Economic Policy prepared a memo entitled “Economic Strategy for the Reagan Administration”. It’s an interesting and informative read because the U.S. is now like then facing significant economic issues. The memo cites the following … Continue reading
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In a previous post I used Mitt Romney’s 2010 tax return to draw your attention to how different tax rates apply to different income types, specifically capital and earned income. In this post I want to focus on capital itself … Continue reading
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Last night I had dinner with an old and dear friend. As happens between us we got to talking about the upcoming U.S. presidential election and the state of the union. As usual we had different ideas about what to … Continue reading
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Presidential hopeful Mitt Romney last week released summary information about his 2010 tax return. From my perspective, its a great jumping off point to explicate several financial literacy basics. In this post I’ll deal with tax and in the next … Continue reading
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A couple of weeks ago the Wall Street Journal’s Carolyn Geer ran a great piece in its personal finance section on IDEO, a global design consultancy known for solving puzzles. Their mission was how to design a way to boost … Continue reading
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You Can! Get your financial plan rolling with a little help from the FinancialPartner® Guidebook & Forms Set by Noverus publishing. In this digital age where everything’s on-line it’s really comforting to have this 180 page big print landscape oriented … Continue reading
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Today a colleague and I critiqued a business plan presented by high schoolers at the Academy of Finance and Enterprise (AOFE) in Long Island City, New York. They presented like pros a full blown plan; complete with mission statement, marketing … Continue reading
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The federal budget is divided into 20 functional categories (e.g., national defense, health, energy, transportation), which are further divided into subfunctions. These functional categories provide a broad statement of budget priorities and facilitate the analysis of trends in related programs; … Continue reading
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The above analysis compares Federal budgets fiscal 2010 to 2007. I’ve chosen these two years to compare because the contrast is both timely (see Joint Select Committee on Deficit Reduction, i.e, Deficit “Supercommittee”) and politically revelatory. 2007 was the last … Continue reading
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