Seniors Beware: Variable Annuities May Not Make Sense For You! – Good advice.  (Courtesy of Milt Baker, CPA)

Investment guru Wade Cook charged in tax evasion case  (Courtesy of Russ Fox)

Shocker: Gas-guzzling SUVs are today’s best buys  (Courtesy of AutoBlog)

Tax credits for hybrid owners still being ironed out for 2006   (Courtesy of AutoBlog)

U.S. Comptroller Warns About Exotic Mortgages – Make sure you know all of the future details of any new loan scheme you sign up for.  Having it reviewed and explained to you by your own accountant would be much better than accepting the word of the loan agents, who often don’t completely understand all of the ramifications, or are so desperate for a commission that they will ram unsuitable programs down your throat.

The FairTax and its Implications for the U.S. Economy

Gutless GOP rulers wimp out again:

When Even Supply-Siders Say Taxes Must Rise, an Unpopular Policy Looks Inevitable

This Alternative Tax? Hey, Wait! Ouch! – The insane AMT is poised to attack more and more people if our rulers don’t get off their butts and address this issue ASAP.

Tax Cuts Could Wait Until 2006, Frist Says – As if they will have more guts in an election year.  Not likely.

Why are Republican leaders governing like Democrats? – Good question from former GOP leader Dick Armey

Republicanism in decline – from Tony Snow

GOP Pushing for Spending and Tax Cuts – This is very difficult to take seriously given their recent track record.

Financial-service ads pander to baby-boomer narcissism

There are 76 million of these folks, born between 1946 and 1964. The oldest among them are just starting to tap their retirement accounts. This audience isn’t just enormous; it’s also wealthy, with something like $2 trillion in spending power.

The Ups and Downs of Flipping Property in Today’s Market

Report suggests taxing hybrids, billing drivers by mile to boost funds – Another look at how better gas mileage is affecting our rulers’ thirst for tax revenue.  Excellent quote from AutoBlog:

the federal government isn’t known for consistent taxation policy, so is it possible that hybrid owners could get hit with tax breaks and extra fees? It’d be criminally stupid, but somehow I don’t put it past our Washington crew.

 

There is still a very big marriage penalty in our income tax system.