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Posts by Taxguy

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  • Kosovo and Israel

    11/20/2007 3:07:37 PM PST · 6 of 8
    Taxguy to Esther Ruth
    To me, the real issue is the precedent this “taking” will set. How different is taking Kosovo away from Serbia from taking Texas, or the entire Southwest for that matter, and establishing a mew Hispanic nation (or giving it back to Mexico)? Kosovo has been a part of Serbia for longer than Europeans have been in the Americas.

    What gives one nation, or group of nations, the authority to partition a sovereign nation just because immigrants do not play well in the sandbox with the owners of the sandbox. Wilson made a mistake when he tried to make a nation from desperate peoples who just happened to speak very similar languages. The US still needs to atone almost 100 years later?

    Kosovo was considered a part of Serbia even when under the influence and threat of the Ottomans. Albanians are entitled to claim the land as theirs by possession as squatters?

    The US had better be prepared to wave good-bye to the Southwest under that reasoning.

    Serbia may fight to maintain sovereignty.

    I am US, not of Serbian ancestry, however, I do speak Serbian and have spent time there.

  • Foreign teachers fill a need at LAUSD (hiring teachers from India, Philipines, Spain and Canada)

    08/21/2007 6:34:11 AM PDT · 21 of 28
    Taxguy to BurbankKarl

    My daughter just graduated from Texas A&M with a 3.9 GPA and a triple majaor in Chemistry, Biochemistry and Genetics, a 38 on the MCAT and missed one question on the GRE.

    She has not decided what she wants to do for a PhD (or MD). Her solution was to enroll in a summer based MEd degree that has her teach during the school year. She will be teaching 9th grade science in the Cy-Fair school district next year. The teacher’s salary actually looked good compared to the stipend that most grad schools would pay.

  • More home schoolers become 'unschoolers'

    03/16/2006 3:36:53 PM PST · 275 of 297
    Taxguy to DaveLoneRanger
    Unschooling requires more discipline on the part of the child and the parent to be successful. It is not the abandonment of a child to his own devices. We have 4 children, the first was a National Merit Finalist, received close to a full academic scholarship (Nice for Dad), and will graduate in 4 years with triple majors in Genetics, Chemistry and Biochemistry. Well, she will graduate in 8 semesters if you exclude the Oxford research fellowship that she is doing this semester. She managed to test out of both intro micro and macro economics based upon what she read and discussions at home without a structured economics course.

    The second child pursued dance and music and planned to pursue a dance career until stopped by an injury at age 18. Presently, she taking classes at a local university to complete language classes and brush up her math skills before she goes on to to pursue a dance education/choreography/theater joint program. Part of her math program is to help her younger sister learn algebra. Neither likes math, but they know that it is necessary, so they do it.

    The younger two are still in the throes of their high school education. The junior begins physics degree requirements next semester (calculus and physics) after finishing Chinese and Statistics (he took it with his sister last summer) at the university level. The local university only allows high school students to take two academic courses in one semester. We will probably try to have admitted early so he can take other courses if he wants.

    All this to say unschooling, at least as we do it, requires significant effort on the part of both the student and the parent. While we test regularly using the ACT and SAT for our own information, we do not mandate that the child study things in a specific order. We do try to interest the child in doing well and inform her/him of what is tested.
  • Skeleton in the IRS closet. Alternative tax intended for rich now hits millions

    02/27/2006 6:03:51 AM PST · 43 of 71
    Taxguy to socialismisinsidious

    The schloraship is income, but the cost of school will be an offset; the scholarship will not hurt you or here tax-wise.

  • A Great Tax Plan (for Accountants)

    09/14/2004 8:04:49 AM PDT · 39 of 46
    Taxguy to lewislynn

    I am not disagreeing with you. I am just saying that many people do not receive any benefit from the deduction because only the amount of the deduction over 2 percent of AGI is deductible.

  • A Great Tax Plan (for Accountants)

    09/14/2004 7:49:58 AM PDT · 37 of 46
    Taxguy to lewislynn

    Like the cost of preparing a tax return. As a miscellaneous itemized deduction subject to a 2 percent floor, most people do not receive any benefit of that particular deduction.

  • A Great Tax Plan (for Accountants)

    09/14/2004 7:29:41 AM PDT · 33 of 46
    Taxguy to neverdem
    There can be no simplification until we decide to stop using the tax code for things other than raising revenue.

    Do you think that Congress could (or would) vote to send every homeowner a rebate on the mortgage interest they paid or to every person who gave to a charity? How about to a business that bought a new computer or automobile? In effect, that is what we do when we allow a deduction from income for anything; it is a disguised, sometimes very thinly, means of underwriting a portion of the cost of an activity.

    While most people do not argue that the activities are beneficial (which activity one thinks is beneficial depends on which deductions provide you the biggest benefit), they subsidize particular activities and only vary in degrees from a direct payment system. A deduction is just another form to distribute the largess of the public purse.

    Without changing the perspective that it is permissible to indirectly subsidize activities, any attempt at simplification will fail.

    CPA, JD, LLM
  • To solve students' math problems, eucators go to school - Boosting teacher skills seen as key

    08/18/2003 7:54:38 AM PDT · 27 of 49
    Taxguy to xzins
    Both my parents (and Grandmother) taught math at the JC level; my mother also taught at the HS level. My father was an enginnering major and my mother was a math and education major. From experience, my mother knows more math and is the better teacher; I had her for freshman alegebra. I later took calculus in college and she was the one who had help me; my father had not used his math skills for several years and no longer remembered enough to teach effectively. In the JC, my mother taught the higher level courses and he taught the more basis one.
  • Breakthrough for Homeschoolers Seeking College Admission and Financial Aid

    01/08/2003 9:27:33 AM PST · 45 of 51
    Taxguy to SuziQ
    I do not disagree with your premise. It is very accurate when one considers the extraneous filler now used in public schools. As far as granting college credit along with high school credit for the same course, that was college specific. Wash U would not give credit for more than 15 hrs taken pre-matriculation, but would not make one take the same class twice and would grant a masters degree concurrent with the bachelors using the same college coursework. Several of the Ivies to which she applied would not take anything or even give prerequisite credit. The colleges would take AP credit, but based upon the score on the AP exam, not on taking the AP (college) course.

    Some states, North Carolina for one, are required to accept the community college credits.
  • Breakthrough for Homeschoolers Seeking College Admission and Financial Aid

    01/07/2003 11:10:32 PM PST · 31 of 51
    Taxguy to SuziQ
    From experience, my daughter started coursework at NCSU when a 15 yr old high school sophmore and the colleges to which she applied did not like to see the college credit as two high school semesters. Some would not transfer a course that was used to fulfill a high school requirement. It also makes your transcript look strange and taxes their credulity if several courses were taken. The number of credits exceed what a "normal" high school can possibly fit into a four year schedule.

    It was an interesting experience when we went into the admissions office at NCSU to enroll her in a couple of their courses; Latin and Biology were the first two she took. The counselor was very condenscending initially. Then we showed him her SAT - 1340 and PSAT - 222 (a National Merit Finalist); he became very cooperative. Her scores were above their average entering freshman. She finished with 41 hours and above a 3.9 GPA. (She just had to go to camp with her friends at church and missed the first four days of a summer school math class, her only B.)

    03/14/2002 7:55:53 AM PST · 4 of 6
    Taxguy to patent
    From working in several big 8 - 5, soon to be 4, as an attorney (CPA, JD, LLM (NYU), a portion of the tax practice is probably compatible. However, attorneys and accountants do think differently. Most of the larger cpa firms, especially in the larger offices, employ JDs in their tax practices, but unless the JD has an accounting base they are like a fish out of water. Both professions have something to offer the client. Most attorneys run from the numbers and most accountants are ill prepared to handle a complex fact situation. Both abilities are necessary to properly plan a transaction.