Do You Love or Hate the IRS?

Our Love/Hate Relationship with the Tax Man and Real Estate Only two things in life are certain: death and taxes. The latter is on the mind of every U.S. citizen of tax paying age right now. Doesn’t matter where you are – on U.S. soil or on the moon – the IRS wants its money, by Monday. Ray Dalio talked about taxes on 60 Minutes on Sunday. Harry and Rodney talked about taxes and Ray Dalio on Wednesday and Thursday. Politicians talk about it often, trying to determine which tax “angle” could win them the next election. The rest of us try to absorb the effects of the GOP’s tax cuts post-filing. Some of us are pleased. Others not so much. All of us hate tax season. We have a very different relationship with real estate, although that may sour in the next few months or years. Knock.com forecasts that 75% of homes sold in the second quarter this year in major U.S. markets will sell below the asking price. Harry’s warned several times about a slow down looming in real estate, pointing to the insanity of San Francisco home prices, the impact Boomers will have on particular markets, and what Millennials are doing to the market currently. And he points to the signs of trouble from the home builders index. As the Dark Window unfolds through 2019, it’ll lead us to some tough times. Be prepared. This could devastate millions of Americans According to Harvard educated economist, Harry Dent, millions of American homeowners are about to be wiped out. It all has to do with a hidden crisis silently spreading across America… one that could cut the value of your home in HALF this year! Click here to find out what it is and what to do to protect yourself. Trending Stories... Dalio, Trump, and Capitalism Hedge fund manager Ray Dalio entered the mainstream recently when he granted an interview to CBS's 60 Minutes. Before that, he and his shop, Bridgewater, were only common names among financial people who both revered their ability to make money and were a bit skeptical of the way the shop operates. Among other things, Dalio... Is Ray Dalio's Idea to Tax the Rich the Income Inequality Solution? Tax Day Monday. Have you filed yet? A tax professional friend of mine told me recently that he's surprised every year to see how many people leave their tax filing to the last minute. Maybe they're too busy. Maybe they live under a rock… Regardless, they can't escape it. As U.S. citizens, we wear the... Be Ready for the Populist Backlash I love the Brits. At one time, the plucky people across the pond controlled most of the developed world. They conquered places, established trade routes, and even repelled potential invaders. All the while, they kept a stiff upper lip and relied on personal responsibility. The British government created the "Keep Calm and Carry On" motto... Home Prices' Rapid Decline Warns of Recession Ahead I'm heading back to Australia for a six-city tour – Auckland, Perth, Adelaide, Melbourne, Sydney, and Brisbane – from April 24 to May 3. Usually, I only go once a year. This latest will be my third visit in 14 months. One of the reasons I'm going back is that home prices down under are... Economy & Markets  |  Dent Research You are receiving this e-mail as a part of your free subscription to Economy & Markets E-Letter. Remove your email from this list: Unsubscribe. To cancel by mail or for any other subscription issues, write us at: Charles Street Research Attn: Member Services, 819 North Charles Street, Baltimore MD, 21201 | Phone: 888-211-2215 | Fax: 410-223-2682 LEGAL NOTICE: Protected by copyright laws of the United States and international treaties. This e-letter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the worldwide web), in whole or in part, is strictly prohibited without the express written permission of Charles Street Research. This work is based on SEC filings, current events, interviews, corporate press releases and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. The information herein is not intended to be personal legal or investment recommendations and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation.