He who is prudent and lies in wait for an enemy who is not, will be victorious. He who knows when he can fight and when he cannot, will be victorious. Invincibility lies in the defense; the possibility of victory in the attack. These are bunch quotes from Sun Tzu, the ancient Chinese war strategist. Basically, ...
My other post explains how the gift annual exclusion works. What happens if your gift, such as a car, which has a value higher than $13,000 exclusion (2009)? Does it make it taxable gift? The answer is yes, but… It is taxable but you don’t necessarily owe any tax. Each person is entitle to a $1 ...
Estate tax is a total different kind of animal as opposed to the income tax. It is a tax on wealth transfer, so the tax is calculated on your total wealth. In 2009, if your total wealth is higher than $3.5 million, you will pay 45% tax on the excess over this the $3.5 exemption. ...
We are already in the last quarter of 2009. At the beginning of the year, congress passed the American Recovery and Reinvestment Act to boost the economy, which gives a lot of tax goodies. It is time to take a quick look so that we won’t miss them before it is too late. Some of ...
...From a business point of view, desktop OS has less and less influence because your bread and butter tools are more and more going to the online world. Remember many years ago, Oracle and Sun were champions of network computing. This kind of hype does not come up that often now, but we ...
It is funny when I was reading something about time management, I sudden got a spyware outburst on my hand. Time management went out of window immediately. I was then totally absorbed by a time waster, trapping in a non-productive cycle. Seen the move The Departed? That is how it was like – a game ...