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SPAC-special-purpose-acquisition-company

A cynical investor might look at a Special Purpose Acquisition Company with disdain. Here is what a cynic might say: “So, you’re telling me a SPAC:

  • Makes no products;
  • Does not sell anything; and
  • Is called a blank-check company?

Why do such entities even exist?”

Well, all of the above i...

2021 tax rates and deductions

Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October and a there are plenty of changes that will impact taxpayers in 2021.

While it’s more than a year away (these changes are for 2021 returns filed by ta...

2020 Yearly Market Review

2020: A Tale of Two Markets

2020 can be summarized by the famous Charles Dickens line from A Tale of Two Cities:

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the...

bubbles on a stock chart

You might find it hard to believe that the very first “Top Ten List” from David Letterman’s Late Night show appeared on September 18, 1985. In fact, the topic of the first “Top 10 List” was the catchy “Top Ten Words That Almost Rhyme With Peas.”

You might also be surprised to learn that in 1985, t...

US flag background tax documents calculator

The Internal Revenue Service announced annual inflation adjustments for the 2021 tax year for more than 60 tax provisions, including standard deductions and the tax rate schedules.

More details can be found at “Revenue Procedure 2020-45” on the IRS website, but that document is dense and spans al...

shipping containers

Remember back on July 30th, the Commerce Department reported that GDP decreased at an annual rate of 32.9% in the second quarter of 2020. It was the worst quarterly decline in history. And unfortunately, that almost 33% decline was on the heels of a 5% decline in the first quarter.

Well on October...