Year-end Tax Planning with Patty Kemmerer

“A good plan violently executed now is better than a perfect plan executed next week.” ~ General George S. Patton

By Catherine Austin Fitts

This week on The Solari Report, I speak with Patty Kemmerer of Kemmerer Schooley Smith, CPAs about U.S. year-end tax and financial planning. Our goal is to inspire you to take action now while there is still time to get things done before the end of the tax year.

Patty and I will be review the full gamut of issues, big and small, including gifting, college financing, 401ks and IRA investments, Affordable Care Act penalties and the tax implications of crowdfunding. We will also address administrative issues, including: “How do I find a CPA or a bookkeeper I can trust?” Look for lots of practical ideas to help taxes bite less and compliance go smoothly.

In Money & Markets, I will discuss the latest in geopolitical news and financial markets development.

In Let’s Go to the Movies, I suggest a comedy to warm your heart – If I Were You.  A remarkable performance by Marcia Gay Harden as the jilted wife demonstrates what can happen when human kindness and imagination transform what is worth nourishing in a bad situation. There is a small bonus for those of us who love Shakespeare.  Harden’s character drowns her sorrows by playing King Lear in an amateur production. The last time I saw King Lear performed Anthony Hopkins played Lear in a serious, classic version. Watching a Harden offer up a more whimsical, female Lear is a most unique interpretation!

Talk to you Thursday!


  1. I have heard you do not have to pay a penalty for the ACA if the insurance is 8% of your income or more. Last year Kaiser had a site where you could put in simple anonymous info and get a price quote . The lowest cost plan was 9.9% of my income (for 70% coverage and a $6,000 deductible).

    This year do I have to go onto the government site to get a quote to show what % of my income a plan is? What do they accept as proof that the plan is over 8% of your income?

  2. Dear Catherine,

    Could you please comment on Martin Armstrong’s theories and do you think that he has in any way considered what you call Breakaway economy / UFO economy / Black budget in his Socrates models and predictions?

    Thank you,

  3. Dear Catherine,

    #6 “…drawing a gun and pretending to shoot it…”

    I did not understand this either and do not know but this may be a reference to “zero tolerence” polices. Children who
    point/pretend with their thumb and index finger are being suspended in some localities.

    So the person would do well to search on “zero tolerence” lawsuits if that is indeed what happened.

    Richard Stein

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