Today’s NY Sun has an interesting article sure to reinvigorate the timeless intellectual arm wrestling about whether booms and busts in real estate are primarily driven by tax policy or the business cycle. This article focuses on the infamous “Cuomo Tax”, formally known as the Real property Gains Tax, enacted in the ’80′s by then Governor Mario Cuomo. In short, the tax that excluded townhouses and one and two family houses, surcharged capital gains on most other…

Lessons Learned From Examining My Payroll Taxes
As hundreds of high school kids run out this month and get their first summer job, they will also be greeted with their first wonderful paycheck… that and the phrase “What’s FICA and where did all my money go?” Ah, payroll taxes. First, some quick definitions of where your money is [...]

Everybody into the Pool!
When it comes to Terrorism Insurance, the government’s days as a reinsurer of last resort are numbered, ending in 2007 following one extension of a temporary act intended to restore confidence among the Nation’s insurers and reinsurers following the huge losses suffered as a result of the 9/11 attacks. A lobbying group called the real estate Roundtable, http://www.rer.org/, recently proposed modeling a future system after that…

Kick your oil addiction in Ford s HySeries Drive Edge
Most major auto makers have hydrogen projects underway. So does Ford, and they ve taken their technology on tour in the form of an Edge crossover.The test drive Mercedes Benz CL550: A toy for the wealthy The CL550 Coupe is a luxurious ride with athletic [...]

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