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Written by Stanley Kazwell, Jr
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Friday, 03 July 2009 13:21 |
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 What does the most financially strapped state in the union do when they run out of money? They pay their bills with IOU’s.
California is more than merely a microcosm of American style socialism, it is the big kahuna! After all, it is the world’s 6th largest economy. It is proclaimed as the richest, most populist, most socially conscious state, and yet it has the most debt.
As the state’s politicians refused to agree on which sacred cows (spending programs) to slaughter, the cash ran out. On July 2nd, 2009, those doing business with the state, taxpayers who are owed tax refunds, and local governments all started receiving IOU’s (called warrants).
A story in the New York Times makes the following comparison. “So California is now just like a family that spends more than it takes in and holds off on the cable bill while paying the mortgage: its expenses are greater than its revenues.”
One has to wonder if the politicians in Washington will see it the same way. Would you care to bet?
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Written by Stanley J. Kazwell, Jr
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Saturday, 14 February 2009 00:00 |
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Maybe It Is A St. Valentine Day Treat? President Obama, Congressional leaders and most economists says that the stimulus package just passed by Congress has no quick fixes. I want to know “Why not?”
The proponents of the legislation say that the agreement will have some immediate effect. The bill’s tax cuts, meager though they may be, are being touted to provide an immediate stimulating effect. These cuts, says the Obama team, will spur a certain amount of economic activity by stimulating consumer spending, and creating (or at least preserving) some jobs. If so, then why not have this stimulating effect the centerpiece of the stimulus package?
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 Stanley J. Kazwell, Jr. is the author of a new book, The Mortgage Meltdown: The Mindsets That Got Us Here and What You Can Do About It. In it he offers a unique perspective on how our current economic situation evolved. Then he offers solutions to help the reader to “take control. Your individual life is yours to create.”
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Saturday, 21 February 2009 06:31 |
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Funny, or maybe not. Reading "Give me liberty or at least a big screen TV!" on my medium size, low definition television, made me laugh. . . and then put a bit of a knot in my stomach. It is funny because it truly reflects the mindset of many. The knot came from wondering how many share this mindset? Has the American spirit of "can do" been permanently replaced with "What can you do to distract me?" There was a slightly different joke going around a few years ago. It also made me laugh because of it's
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 “I used TurboTax to prepare my returns.”
Tim Geithner, Secretary of the Treasury designee, told Congress during his confirmation hearing about his tax payment failures, January 21, 2009
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Written by Jennifer Kazwell
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It’s that time of year and there are a lot of income tax changes. My goal is for you to optimize your 2008  tax benefits. To this end I will be exploring these changes over the next few weeks in depth on Kazwell.com. Here is a summary of a few of the items you need to know and we will be looking at in detail in articles to come:
First-Time Homebuyers Tax Credit: You don’t really have to be a first-time homeowner to qualify, as long as you have not owned a home in the last three years. To qualify you must have purchased a home after April 9, 2008. You can still take advantage of this benefit next year if you purchase before June 30, 2009.
Real Estate Tax Deduction: This additional standard deduction may help you even if don’t itemize. This deduction is available for the 2008 and 2009 tax years and increases your standard deduction which decreases taxable income. Other points you may find to be of interest include the following.
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