Patrick Kim

18 Flips | 4 Magazines | 14 Likes | @patrickkim100 | Keep up with Patrick Kim on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Patrick Kim”

The Home Office Tax Deduction: One of the Most Misunderstood (and Dangerous) Tax Breaks

The home office tax deduction offers huge tax savings to those 24% of employed people who now do some or all of their work at home. Yet of all the …

Traditional or Roth IRA? One Has an Absolute Benefit

When given the choice, I suggest people take advantage of a sure thing now (“current absolute benefit”) instead of risking an undefined future …

Income Tax

Pot blocks: obstacles keep small business owners from a multibillion-dollar market

Marijuana retail sales could reach $4.3bn this year and create new jobs, but some aspiring entrepreneurs warn that weed is not an easy business<p>This year’s election may have been dominated by Donald Trump, but it was also about marijuana. California, Massachusetts and Nevada made recreational use …

A startup that wants to transform insurance 'beyond recognition' has added $33 million to its war chest

First spotted by CB Insights' filing tracker, the quiet raise that closed in November is the opposite of the company's splashy debut last year.<p>In December 2015, the insurance startup raised $13 million in seed funding — the largest ever seed investment by legendary Silicon Valley firm Sequoia …

10 economic consequences of Donald Trump's election win

The US president-elect’s policies are likely to be good for domestic growth – but rhetoric on trade is likely to have global implications<p>For those of us who were wrong about the US presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a …

U.S. Treasury presses on with rule opposing serial tax inversions

WASHINGTON (Reuters) - Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American companies to avoid U.S. taxes by redomiciling abroad.<p>The rule, issued as temporary regulations in April, …

It looks like Trump may pay the price for alienating dozens of national security elites

Trump's transition team — many of whom are relative political outsiders who apparently didn't realize that President Barack Obama's entire West Wing staff would have to be replaced — are reportedly scrambling to fill the transition team and make other political appointments before Inauguration …

Rising Premiums Rankle People Paying Full Price For Health Insurance

Shela Bryan, 63, has been comparing prices for individual health insurance plans since May, and she can't believe what she has been seeing.<p>"They cost a thousand, $1,200 [a month], and they have a deductible of $6,000," she said. "I don't know how they think anyone can afford that."<p>Bryan, who lives …

Affordable Care Act

16 Easy And Delicious Breakfasts You Can Make In An Office Kitchen

If you work in an office, chances are your typical breakfast is whatever you can grab while inevitably running late. (If you work nine to five and prep a gourmet meal each morning, you can stop reading — we salute you.) Instead of a handful of Cheerios and a random apple, try one of these 16 easy …

Breakfast

Employees Are Paying A Bigger Chunk Of Health Insurance Costs

High deductible health plans are the new normal.<p>Just over half of employees this year have a health insurance policy with a deductible of at least $1,000, according to a survey of employers from the Kaiser Family Foundation.<p>It's the continuation of a multiyear trend of companies passing more of the …

Associated Press News

The Psychological Quirk That Explains Why You Love Donald Trump

The popularity of the GOP front-runner can be explained by the Dunning-Kruger Effect.<p>Many commentators have argued that Donald Trump’s dominance in the GOP presidential race can be largely explained by ignorance; his candidacy, after all, is most popular among Republican voters without college …

Voting

Oil Up After U.S. Crude Drawdown, Misses $50-Target Amid Profit-Taking

Oil prices rose more than 1 percent on Wednesday after the U.S. government reported a larger-than-expected drop in crude inventories, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for.<p>The U.S. Energy Information Administration said crude …

The Price of Oil Is Slamming Kyle Bass' Hedge Fund

Hedge fund giant Kyle Bass may have astutely predicted the subprime mortgage crisis leading up to the great recession—but he couldn’t do the same for …

David Brooks, wrong again: What “religious freedom” proponents don’t understand about the Constitution

<b>(AP/Nam Y. Huh/Photo montage by Salon)</b><p>“Congress shall make no law respecting the establishment of religion, or prohibiting the free exercise thereof.”<p>Michael Signer<p>April 10, 2015 3:02pm (UTC)<p>This week, proponents of today’s “religious freedom” acts in Indiana and Arkansas seemed bewildered by the …

The most painful speech ever

Washingtonians sit through terrible speeches all the time: dry rules hearings, partisan floor lectures and, let’s face it, even the State of the Union some years.<p>So it was a bad day for Rep. Donna Edwards Thursday, when Washingtonians gathered at coffee pots and in lunch rooms across town and …