by Gary S. Morrow | Jan 12, 2022 | Uncategorized
From the CPI Report, price increases over the last year: Gasoline: +49.6% Used Cars: +37.3% Gas Utilities: +24.1% Meats/Fish/Eggs: +12.5% New Cars: +11.8% Overall CPI: +7% Food at home: +6.5% Electricity: +6.3% Food away from home: +6.0% Apparel: +5.8% Transportation:...
by Gary S. Morrow | Jan 11, 2022 | Uncategorized
The new taxes lawmakers are proposing to fund a universal health care system will likely drive even more Californians out of the state. According to the right-leaning Tax Foundation, it would increase the average household’s taxes by an astonishing $12,250. The...
by Gary S. Morrow | Nov 19, 2021 | Market Update
The lede: House Democrats just passed President Biden’s multi-trillion-dollar “Build Back Better” spending agenda. They’re pitching it as a historic investment in the middle and working class. So why is its second-largest provision a tax cut...
by Gary S. Morrow | Nov 9, 2021 | Charts
From our friends at Sterling Manor Financial: More than 60% of 2017 federal spending was used for Social Security, Medicare, defense, and related programs. More: Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting...
by Gary S. Morrow | Oct 30, 2021 | Commentary
Some items to note that were not included in the legislative framework: A Billionaire tax, affecting a small, but wealthy segment of taxpayers Lowering estate tax exemption Changes to capital gains rates Changes to “Carried Interest” Changes to IRA accounts Changes...
