Archive for the ‘News’ Category

Gap Between Ultra Rich and Regular Rich Continues to Grow

Wednesday, April 18th, 2007

We spend a lot of time talking about the growing gap between the haves and the have nots, but it turns out the gap between various levels of the wealthy may be growing at just as rapid a pace. According to an article published in The Wall Street Journal Online, a ...

What is the Alternative Minimum Tax and Why Should You Be Worried?

Monday, March 26th, 2007

With April 15th (okay, this year your taxes are due April 17th) right around the corner, it's time to go ahead and take a look at a relatively obscure tax law that could ultimately force you to pay a lot of money to good old Uncle Sam. The Alternative Minimum Tax ...

American Households Are Wealthier, More in Debt Than Ever

Tuesday, March 13th, 2007

If you're an American and you're reading this, congratulations, according to an article published on MSN, the Federal Reserve says you're probably richer now than you were at this point last year.  Unfortunately, that might be the last piece of good news you read in this article. So, here comes the ...

Personal Savings Fall to Lowest Levels Since the 1930s

Wednesday, February 7th, 2007

In what could ultimately end up being terrible news for both those who are trying to save for retirement as well as the American economy in general, the personal savings rate was negative during 2006 and dropped to a 74 year low. During 2006 the personal savings rate for Americans fell ...

New Tax Rules Will Save You Some Money

Tuesday, January 9th, 2007

Despite the fact that 2006's tax rates remain unchanged from 2005's rates, it appears that you may be in line for a slight reduction in your overall tax bill.  Who knew the Federal Government could be so generous?!? Essentially what is happening is the tax rates are not being adjusted, however ...