Author name: Michael Garber

What are the tax benefits of owning a home instead of renting?

Image: 10 Attractive Beach House Design Ideas That Will Leave You Speechless (architectureartdesigns.com) First-time home buyers face multiple challenges in today’s market, especially in the seller’s market of Silicon Valley. Houses routinely sell for 15% to 30% over asking price, with multiple cash offers. It is hard to find properties under a million dollars, and […]

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Debt Ceiling Drama

The ceiling on the US Federal Debt has been reached once again, after Congress suspended it in 2019 for two years. The deal expired on August 1, 2021. Since then, the US Treasury has been managing cash through “extraordinary measures,” shuffling money around between accounts, so it can continue operating. They are hoping to raise

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On Giving Gifts

“Think of giving not as a duty but as a privilege.” – John D. Rockefeller, Jr. Giving significant gifts is a way to reduce “income inequality.” We can think of this as “direct action.” While this post is intended to clear up some questions about the tax implications of giving, we will leave promotion of

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Inflation or Deflation

Inflation and Deflation Many financial analysts are concerned about possible coming inflation, and even hyperinflation. There may be inflation happening now, and it could increase. But there are also powerful forces operating to limit the effect of inflation. As with any prediction, it is better to take a guarded view and not assume we know

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All Retirement Health Care Plans are NOT Alike. But Take Charge of Your Own Health.

A study by Associate Professor of Economics Jason Abaluck at Yale University last year showed discouraging results when it comes to the efficacy of retirement health care plans. The study attempts to approximate a randomized controlled trial, by analyzing the outcomes when people were forced to switch plans due to a plan’s termination. They compared

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