If someone gave you an additional $3,200 per year of income what would you do with it?
On January 11 the IRS released their updated withholding tables for 2018. The withholding tables tell employers how much federal income tax to withhold from their employees’ paychecks. Payroll service providers are now busily updating their software to reflect the new 2018 tables and expect that workers will see changes to their paychecks in February.
We hope you had a blessed Christmas and a fantastic finish to 2017.
Over the long weekend I had to run an errand to a large chain home improvement store. What remained of their Christmas decorations were on sale and the large area that had been dedicated to Christmas starting in early September had been downsized significantly.
Rising out of the leftovers from Christmas were the red hearts of Valentine’s Day which must be just around the corner -- at least in retail terms.
On Friday, December 15, the conference committee tasked with resolving differences between the House and Senate versions of the tax reform bill released their highly anticipated conference report.
If you just happen to find the legislative process as fascinating as I do, you can have unfettered access to all 1,097 pages here (and I recommend starting on page 510!).
One of the most frequent questions we are getting from clients right now is regarding the value of the stock market. Are these lofty values justified? When will the value decline? What is the real value?
I am going to go out on a limb here and emphatically state that our country is vastly undervalued right now, just perhaps not in the financial markets.
Monday evening it was 62 degrees at 5:00 pm when I was driving home. Tuesday morning it was 31 degrees at 6:00 am when I headed out for the office.
Now that it is December, I guess summer is over and it is time put away the shorts.
Market traders also tend to put away their shorts in December.
As you know, Congress is aiming to reform our tax code for next year. The headlines are all about higher standard deductions, less complexity, and more globally competitive corporate tax rates.
It is really important to emphasize that absolutely nothing is final at this stage.
This Thursday is our Thanksgiving national holiday, a holiday formalized during one of the most difficult periods of time in our country’s history. One hundred fifty-four years later we know our country not only survived the Civil War, but has developed into one of the wealthiest and more powerful countries in the world. That was far less than certain at the time of President Lincoln’s proclamation.
We are truly blessed.
Watching the Packers game on Monday night was painful. It became very clear that our defensive scheme and/or defensive players are not up to the task.
It is amazing how a significant injury to a key offensive player has caused the defense to go from mediocre to unsightly.
Having a high-powered offense can cover a lot of defensive faults.
Daniel Kahneman: “The core of the illusion is that we believe we understand the past, which implies that the future also should be knowable, but in fact we understand the past less than we believe we do.”