Servicing the Spendaholics



Borrowing to Pay Debt - There are both opportunities and potential pitfalls when borrowing against a home's equity in order to pay off credit card debt.



Old bond could bring new riches - Patience has always been a more reliable means of achieving investment growth than gambling on overnight riches. However, this is an extreme case of that. One hundred dollars invested in a bond in 1871 is now worth an estimated $300,000. I've seen plenty of people investing for their kids' and grandkids' futures; but this is more for the great-great-great.... grandkids' benefit.




Granholm's solution: Raise cigarette taxes - Michigan nicotine addicts are in the cross-hairs once again.



$2.5 billion in tax refunds unclaimed - One of the most unfair double standards in the tax law is the fact that if you owe taxes, that debt will stay with you forever and beyond (your heirs). However, if you have a refund coming, you forfeit it if you don't file a tax return within three years. I have seen literally hundreds of thousands of dollars in such refunds forfeited by clients who were in no big hurry to file their tax returns. The fair thing would be to allow people to at least get their own money back without any interest on it. However, I long ago learned that the concepts of "taxes" and "fairness" are as alien to each other as are "politicians" and "honesty."



Where's Our Wartime Tax Increase? Liberals wrap their love of spending in patriotic garb.



Bush seeks $1 trillion debt boost - What is conveniently overlooked by the leftist media is the fact that the amount of the Federal government's debt never went down, even with the huge imaginary Clinton surpluses that they accuse Bush of squandering.




- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/10/2004 12:06:00 PM Send this post: