Book Recommendation: The Second Estate: How the Tax Code Made an American Aristocracy

I just finished reading The Second Estate: How the Tax Code Made an American Aristocracy by Ray Madoff, a legal scholar and professor at Boston College Law School (no relation to that other guy). I highly recommend it (and it's a fairly short and easy read). (This podcast episode will give you the highlights.) The … Continue reading Book Recommendation: The Second Estate: How the Tax Code Made an American Aristocracy →

Taxing Capital Gains: Current Law and Some Interesting Proposals

There has been lots of chatter lately about some proposals around changing how we tax capital gains, and especially around a proposal to tax unrealized capital gains. This is due to the Harris/Walz campaign saying they generally support the proposals that the Biden Administration included in their Fiscal Year 2025 Revenue Proposals. To be clear, … Continue reading Taxing Capital Gains: Current Law and Some Interesting Proposals →

Harvesting Capital Gains

In my last post I suggested that personal finance isn't really all that complicated and that, in fact, I could summarize it in one sentence. But I also indicated that there is still a lot to learn, especially if you want to optimize. So this post is going the other direction, into the weeds a … Continue reading Harvesting Capital Gains →