They call me "America's Accountant", with more than 40 Years of experience A libertarian and fiscal conservative from New York. Read my take on taxes, politics, and financial news of the day here on RS and at my website, , "The Brass Tax of Politics"


    Savings, Working, and Retiring Today

    A study was released this week that showed more than a third of Americans, (36%)a have saved nothing for retirement. That got me thinking about the idea of retirement and the state of retiring in this country. Everyone thinks they can retire at age 65. It’s an American ideal born in the last century with the rise of unions, the defined benefit plan, and generous | Read More »

    The Latest Business Attack on MLPs Is Just as Flimsy as the Inversion Crusade

    Earlier this week, the business world was chattering about the news that Kinder Morgan, pioneer of the Master Limited Partnership (MLP) business model, was surrendering the MLP structure in favor of a more traditional corporation. This happened last Sunday. While many questioned what this meant for the MLP model in general, the more pressing questions began to emerge when, the following day, the Treasury Department | Read More »

    Government Inspectors General Describe Atmosphere of Restricted Access

    Inspectors General (yes, that’s the plural) are considered watchdogs for the government. Their jobs primarily focus on “uncovering waste, fraud, and mismanagement”, which is an important function to keep government programs and agencies in check. A serious breach of trust is evident, therefore, when 47 of 73 Inspectors General pen a letter to Congress describing “serious limitations on access to records.” That’s 64% of the | Read More »

    Audit Reveals Government-Run Transparency Site Is Inaccurate and Inconsistent

    USAToday gave a sobering report this week which reaffirmed the inability of our government to be both accurate and transparent. The Government Accountability Office (GAO) audited spending data from 2012, the most recent year for which data is available, by comparing government agency records with those found on The GAO reported that only 2-7% of the numbers found on the website is ‘fully consistent | Read More »

    The SWEET Act of 2014 Is Eerily Similar to the Sugar Act of 1764

    On April 5, 1764, Parliament passed something called “The Sugar Act”, which, interestingly, had another name: “The American Revenue Act”. It was a modification of the 1733 Molasses Act, and it also affected other goods, such as wine and coffee. The Preamble to this Act states: “it is expedient that new provisions and regulations should be established for improving the revenue of this Kingdom … | Read More »

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    Obama’s “Inversion” Crusade Is Really Just Another Attack On Businesses

    Obama has called “for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as ‘inversions’.” Such as statement shows the utter ineptitude that Obama has for understanding a) what inversion actually is and b) how his policies are the cause. Inversion is not a “corporate loophole” and companies who do so are | Read More »

    Federal Subsidies For Obamacare Ruled Illegal — What Now?

    A federal appeals panel handed down a ruling this morning that could be problematic for Obamacare. As just reported, “A judicial panel in a 2-1 ruling said such subsidies can be granted only to those people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia — not on the federally run exchange” You can read the | Read More »


    Chuck Todd Should Resign

    You can’t have anyone that stupid be in charge at NBC. Chuck Todd, who is NBC’s “Chief White House Correspondent” and also NBC’s “Political Director”, is out there mischaracterizing the IRS scandal. To blame it on 501c4s is utterly incomprehensible. Yesterday on MSNBC’s “The Daily Rundown”, Chuck Todd gave this statement: CHUCK TODD: Time now for my “Takeaway.” The controversy surrounding IRS may be more | Read More »

    What the NYT and WaPo Missed About the VA System While They Were Praising It

    We now know that the state of affairs within the VA system was abhorrent for years — and that Obama, like his predecessor, knew there were problems. And yet, several well known left-leaning columnists spoke highly about the VA health system anyway, especially ramping up the rhetoric right at the time Obamacare began to take shape in Congress in 2009. Obama’s objectives regarding the VA | Read More »

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    Obama’s “Pay As You Earn” Program Includes the Government Paying Your Loan Interest For Up to Three Years

    Do you know who is on the hook for many student loans? You, the taxpayer. From CNS News: “Since President Barack Obama took office in January 2009, the cumulative outstanding balance on federal direct student loans has jumped 517.4 percent. The balance owed as of the end of May was $739,641,000,000.00. That is an increase of $619,838,000,000.00 from the balance that was owed as of | Read More »

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