Recent taxes

  • by Lane Bailey

    I keep seeing so much about the high cost of gas, gas tax schemes and who is to blame.  Well, I need to toss my nickel into the fray and clear up a few things…

    Let’s take the last one first, Who’s to blame? If you listen to many in front of the media’s cameras, it [...]

  • by Lane Bailey

    Ok, Warren Buffett is a genius, and likely the most brilliant investor of all time.  But there is one issue on which he is glaringly wrong.  Taxes.

    It has been widely reported that Buffett feels that there is an unfair disparity when he pays 17.7% on his income and his secretary pays 30% on hers.
    Last year, [...]

  • by Lane Bailey

    Barely after midnight, and I have already had my best crazy idea of the day…

    In almost every form of motorsport, the drivers are festooned with the names of all of their benefactors. As Kurt Busch stands in Victory Lane, chugging a Coke, wearing a Miller hat, and holding a quart of Mobil1, all of [...]

  • by Lane Bailey

    Familiar?

    Let me give you a quick idea of what it is. Keep in mind that I am not a tax professional, or a lawyer… just a real estate agent.

    I guess the easiest way to say it is that it is phantom income. For our current purposes, let’s look at a short sale. [...]

  • by Lane Bailey

    Welcome to part four of my A-Z journey through real estate. Of course, this isn’t a definitive glossary of real estate terminology, techniques, strategies or idea, but rather just a few answers to questions. Of course, for every question that gets answered, at least one new question is raised. I guess that [...]

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