When we were founded in the 1700’s there were very few taxes at all! Up until 1802, the USA was mainly supported by taxes on goods like tobacco, sugar, and spirits. War is what initiated the need for funds and taxes. War of 1812: A sales tax was first introduced in 1812 to cover war costs. 1862, middle of the…read more →
Request a FREE Consultation with the Insurance Doctor Here You just finished watching the latest installment of House Hunters on HGTV and begin to think to yourself why not me? Purchasing your first home is not only the American Dream, for many young Americans it signifies a real transition into financial adulthood and responsibility taking on potentially the largest debt you…read more →
March Madness is upon us! One of my favorite times of the year. Check out these fun facts about the men’s NCAA basketball tournament: Started in 1939: In the first year there were only 8 teams and the Oregon Webfoots defeated the Ohio State Buckeyes. March Madness Phrase: It was first uttered by Brent Musberger in 1982 during the tournament…read more →
This week pitchers and catchers report for spring training. I get excited because the baseball season is beginning and winter is ending. These minor league stadiums are a lot of fun to visit. Enjoy these tidbits! The Florida “Grapefruit league” and Arizona “Cactus league” are a 50/50 split which 15 teams training in each state. Do you want a closer…read more →
Since USA professional athletes have been permitted to compete in the Olympics there’s been a misconception that athletes get rich from competing. In some countries yes, however, in the USA only 50% of our track & field athletes ranked in the top 10 earn over $15,000/year. The following are some ways athletes are getting compensated: The USOC (United States Olympic…read more →
The Trump Tax bill has affected individuals and businesses both in the USA and abroad. It’s still being dissected. Check out these facts: Eliminates health ins tax penalty in 2019: The 12/22/2017 tax bill signed into law eliminates the tax penalty for individuals who fail to maintain (MEC) minimum essential coverages as of 1/1/2019. The Employer Mandate still applies: Applicable…read more →
Hurricane Sandy did $19b of damage to the city in 2012! Many people (my family included) lost their coastal homes and were shorted 100’s of thousands of dollars from big-name insurance carriers that also raised rates. We were offered $16,000 for shingles on a demolished $2m+ beach house. With 520 miles of coastline, NY has more people living in high-risk…read more →
Many seniors are creatures of habit and are holding onto their large life insurance policies with expensive premiums that they may no longer need or afford. Based on the new Tax Law Reform, 2018 could be the best time to sell their policy. The Estate Tax has been increased: The tax exemption has been raised to $11,200,000 per person, $22,400,000…read more →
You may want to think twice what you tell your doctor on your next visit. Medical records are now online. When you sign a HIPPA (health ins privacy) form to apply for life, disability and/or a long-term care policy the following information is available with a few mouse clicks: On-line medical records: Insurance companies can and will be able to…read more →
Proctor and gamble did a study in 2008 and found the average woman spends over $1500/year in dry cleaning. Men who wear suits daily would spend more than half that amount. Can these bills be eliminated, probably not. Reduced, for sure! Take off your work clothes and hang them up immediately upon returning home from work. Let clothes “air out”…read more →
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