A blog about things I find useful
The House and Senate released their new plans tonight. The gory details are here in this 570 page document: http://www.wsj.com/public/resources/documents/JointExplanatoryStatement121517.pdf It’s really easy to model in Excel because it’s so similar to the existing tax code. Took me about 5 minutes. To me, the biggest changes are: The Rubio-encouraged refundable child tax credit (up to 1,400 … Read more
As of today, it’s looking like the tax code will change drastically on Jan 1, representing the largest change to the tax code in 30 years. A huge impact of the tax change is the reduction of the corporate income tax from 35% to 21%. While important to shareholders of firms (i.e. any investor), this … Read more
Available here: https://frugalprofessor.com/updated-tax-calculator/
2022 Edit — Find my updated calculators here: https://frugalprofessor.com/2021-tax-calculator/ https://frugalprofessor.com/2020-tax-calculator/ *** If you care to learn deeply about the tax code, I have begun writing a book which contains everything I know on the topic. The book discusses wealth accumulation strategies, of which tax minimization is a key component. The (imperfect and incomplete) draft … Read more
Summary of this months finances. 2012 minivan travelling 75mph vs deer. Family is safe. Radiator + oil pan done for. Rest of car in okay shape (above pic is during teardown inspection of car). $6.5k repair estimate. $2.5k insurance deductible. Grateful it wasn’t worse. Item #91 on repair estimate. 1 man hour for removing all … Read more
I thought it would be fun if my wife were to write a guest post about her take on our finances. After all, this whole money saving thing wouldn’t work without her buy-in, and I’m extremely grateful that she’s on board with the whole thing. My questions are in bold. Her uncensored confessions follow. My … Read more