Major tax policy reform is required about every 10 years, according to many tax experts. Yet our current Internal Revenue Code of 1986 has never seen a major revision. It has been amended and modified in dribs and drabs, however, at a rapid rate since first enacted. Here's the IRS' national taxpayer advocate, Nina Olson, quoted in the WSJ: Read more
Over the past couple weeks and months there has been much written about the increasing speed of the demise of the Social Security system and the burgeoning debt being passed to younger generations. Read more
Congress recently began considering and debating credit card reform and consumer protection. While the practices of credit card issuers certainly appear despicable and worthy of Congressional focus, I believe this debate also provides an opportunity to address the related issue of financial literacy in the United States. Read more