At our house over the past few weeks, it’s been candy, candy and more candy after a few days of local church-sponsored Fall Festivals and trunk or treat events (or trick or treat – depending on where you live). Like most parents of young children across the country, my wife and I, along with our “University of Alabama squad” – including a 5-year old dressed as a cheerleader, a 4-year old suited up as the quarterback and a 1-year old decked out as Big AL (the university’s elephant mascot), embarked on our annual Halloween candy extravaganza. As expected, it was funny, memorable and filled with wonderful laughs and priceless pictures. As we arrived home laden with loot, each child was eating as much of their hard-earned stash as possible, which was bagged and stored and separated by each child’s name so they could enjoy the fruits of their labor for some time to come. At that point, I was reminded of a video I saw called, “Opinions of Kids on American Tax System at Halloween.” The video is about the “redistribution” of candy – taking some from those who had amassed more and giving it to those who hadn’t collected as much, so as to be “fair” to everyone. If you give it some thought, you can see it’s an amazing representation of the economic and tax structure of America. For a moment, then, let’s delve into the mindset of a kid dealing with the rationing of his or her candy. It will always be about the amount! The more you make, the more they take. Our government’s tax….. http://www.advisorone.com/2012/11/14/candy-economics-at-halloween-and-our-tax-system
Andy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He is a Registered Investment Advisor Representative of Money Management Services, Inc and holds the designations of CPA (Certified Public Accountant), AIF® (Accredited Investment Fiduciary), CTS™ (Certified Tax Specialist), and WMS (Wealth Management Specialist). As an advisor, Andrew specializes in comprehensive financial planning, estate tax planning, personal taxation planning, retirement income distribution planning, wealth accumulation, personalized portfolio management, and fiduciary investment management services.