The Income Rich Take One For The Team. Thanks!
I love talking about taxes. Our President and both houses of Congress have finally all agreed on a deal on this whole fiscal cliff mess. I’ve been holding my breath on this because I thought for sure that I’d be paying a lot more in taxes this year. But I dodged the bullet. All venture capitalists did, actually. Nothing the government agreed to in the last few days actually affects the the asset wealthy in this country. If you’re a Hollywood agent barely getting by with a million dollar a year salary and two ex spouses, your life sucks right now. You’re going to have barely any money left over at the end of each month for cocaine with the tax increase. Small business owners will also take a hit because their business profits are considered income in most cases.… → Read More