Fiscal stimulus legislation without special interest giveaways would be nice. However, it looks like we’ll have to wait before seeing this. Detroits $15 billion bailout is evidently coming with the reinstatement of corrupt lease back agreements allowing local transit agencies to rip off the IRS.

Click here and here.

Hats off to the Tax Prof blog for this story.

Best,

James

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4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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