Big Dog of Finance

Sale tax on real-estate in two thousand 13

2010-09-08T08:18:00.000-05:00

There a rumor going around about sales tax of 3.8% on real estate sold after 2012. This rumor is miss leading. Their is a tax on capital gain but on a home sale first you get the exemption of 250,000 for a single person and 500,000 for a married couple after that the additional capital gains tax kicks in. So in most cases this tax will not effect the everyday person. Do not get me wrong I think this tax is going to effect the economy. When ever you tax the investor or the successful you limit the growth of our economy. It is common since if they are paying more in taxes then they have less to invest into the market and into small businesses.

,The big of finance why do people hate big dog

2010-09-06T20:01:00.000-05:00

I'm a great Dane the biggest of dogs and every time my lady and I go
Walking people alway say look at that horse.I'm large because that my breed
But my lady said not to be mad at thoughtless people because I am a
Gentle giant . My lady belief I am beauitful and very smart. She believe
Like people big or small we should have the same rights
Big dog are band from hotel and many activities why they are proven
Very gentle but people judge them on size . My lady has taken up this cause that all
dogs should be treated equal. What's your opinion?

Money in your pocket

2010-08-28T08:14:00.000-05:00

G'day give yourself a raise get a big tax refund this year.Do you have to much being taken out of your paycheck every payday the average refund is about 2,900 up $200 from last year.Fill out a new W4 with your employer you'll get more money in your pocket about $225 a month extra. You deserve it! This is what my lady talk about on her show at 2:00 every Saturday on www.997wtn.com listen or call in to my lady she would love to hear from you. Her guest this week is Jordan goodman author of Master you Debt.

BIG DOG OF FINANCE BLOG

2010-07-07T14:31:00.000-05:00

BIG DOG OF FINANCE BLOG

Today’s email pick is

Estate Planning for Dependent children

G’day I am Dr. Friday president of Dr. Friday Tax and Financial Firm, Inc. and this is Wesley the Top Dog of Finance.

Wesley what do you think about Estate Planning for dependent children.

My Lady (that’s what he calls me) I believe you can never start too early. As we all know we never know what life will bring. I am 8 years old which in human live that makes me about 65. I have two younger brothers that I must make sure will be taken care of as well as I must make sure they know what you expect from them. Just the other day Goliath took a check off the desk and I had to explain to him that was not allowed in our office and so he put it back. But as long as we are having this conversation, my Lady, what have you done to take care of us if anything happens to you.

Wesley this is a conversation I never planned to have since I am unmarried and with no children, but you are correct you and the other boys are my responsibility and my family so I must consider what will happen to you if I was unable to take care of you. So I wonder where I should start to set up my estate to take care of my complete family.

If I may be of some help, I have done some research on this my lady and it would appear that you must:

1. Make of list of whom you want to leave something to.

2. Decide what you want to leave to them (a word of advice my lady do not leave amounts if it is cash, rather use a percentage since you really have no idea how much money you will have at that time)

3. Since we cannot manage our own finances, you will need to appoint a conservator over us and make sure they will take care of us like you always do.

My lady from everything I have read you want to be very clear and you should check with a lawyer to see if you should have a trust or something as a way to distribute your wishes.

Wesley the Big Dog of Finance has made a excellent point. We always need to be prepared for whatever may come no matter your age.