dOUGLAS e. dAMON cpa
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Our goal is to reduce the time and resources our clients spend on daily business and financial activities. We do this in numerous ways, including complete back office services for high net-worth individuals, selection and monitoring of specialists in finance, banking, law and insurance; and personalized tax planning and compliance services.
We are small with a single focus of client service. Doug, a CPA for over 30 years, directs all client planning and compliance activities. Doug is blessed to have the best team in the world that somehow puts up with him and makes client service their major priority (read more).
Readings (links created with TinyURL)
WSJ-Economics for the Long Run (John Taylor) 1/25/12 WSJ-Obama's Keystone Delay Flouts the Law (Mary O'Grady) 1/23/12 RCM-The State Of The Obama Stock Market (John Tamny) 1/23/12 WSJ-Who Paid for the Doctor's Bagel (Dr. Thomas P. Stossel) 1/23/12
CPA
Outlook Index Drops in Third Quarter as Economic
Why the US Debt was DowngradedThis rather brilliantly cuts
thru all the political doublespeak we get. It
puts it into a much better perspective and is
the same for many countries in Europe
* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000 * New debt: $ 1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cuts: $ 38,500,000,000 Let's now remove 8 zeros and pretend it's a household budget: * Annual family income: $21,700 * Money the family spent: $38,200 * New debt on the credit card: $16,500 * Outstanding balance on the credit card: $142,710 * Total budget cuts: $385 Got It ????? OK now Lesson # 2: Here's another way to look at the Debt Ceiling: Let's say, You come home from work and find there has been a sewer backup in your neighborhood....and your home has sewage all the way up to your ceilings. What do you think you should do? Raise the ceilings, or pump out the poop? (Author Unknown) Test Your Fiscal IQ
Click above to visit the Fiscal IQ Quiz from Comeback America Initiative (CAI) headed by former Comptroller General of the United States David Walker. It takes about five minutes and is very interesting.
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