Apple, the world’s most profitable technology company, doesn’t design iPhones in Reno, Nevada. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office in Reno, Apple has done something central to its corporate strategy: it has avoided … Read more How Apple Sidesteps Billions in Taxes
Say you identify a stock on the basis of a bullish chart pattern and are certain of an upside target. The downside, however, remains either at less than optimal levels or is equal to the upside potential. Should you miss an opportunity just because the risk reward ratio is fairly balanced? We think not. We … Read more Pyramid Averaging
The Late Business Tycoon and billionaire Howard Hughes may be best remembered for producing the most expensive Hollywood film of it day (Hell’s Angels, 1930), flying around the world in record time (1938), his affair with Katharine Hepburn (1939) and building the largest airplane in history, the H-4 Hercules “Spruce Goose” (1947). Or for his … Read more The Howard Hughes Tax Dodge
It doesn’t take a whole lot of planning and foresight to reduce your tax burden, but you have to do the work. Consider these credits and deductions to help you save at tax time. From job search expenses to gambling losses, don’t overlook these ways to cut your tax bill. Know the tax laws … Read more Legal Secrets for Reducing Your Taxes
Also referred to as dark liquidity, dark pools are large blocks of equities traded off the exchange floor. Large trades by financial institutions represent the bulk of this trading volume which is not available to the public and is anonymous. This is mainly used by traders who wish to move a large quantity of shares … Read more Dark Pools
Your adjusted gross income, or AGI, is an important line item on your taxes, as it affects your eligibility for certain other tax credits or exemptions. The same is true of your modified adjusted gross income, or MAGI. Typically, your AGI (adjusted gross income) and MAGI (modified adjusted gross income) are close in value to … Read more What Is the Difference Between AGI and MAGI?
Imagine if credit card companies acted like the IRS. Each month you’d get a bill, which would be a blank form. You’d be filling out the form and sending it back to the company, with penalties if you lied or made a mistake. Apparently, in much of the world, governments fill out tax returns for … Read more Should we blame Intuit for tax-filing misery?
The so-called ‘black swan’ problem was first posed by the Scot philosopher David Hume and deals with the danger of making universal assumptions based on empirical reasoning: a man sees one white swan, then another, then a third, and so on. So he comes to the conclusion that all swans are white, an bases a … Read more Beware of the Black Swan