The White Coat Investor


Book Description

Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!




NeoVouchers


Book Description

While school vouchers have captured the headlines, a different policy has captured the students. Tuition tax credit laws are now entrenched in Arizona, Florida, Pennsylvania, Rhode Island, Iowa, and Georgia, and they affect far more students. Yet few people understand the nature of these policies or the political and legal issues surrounding them. This book provides a comprehensive analysis of the structure, legality, and policy implications of tuition tax credits, which have garnered only scant attention even while expanding to cover more students than the voucher policies they're designed to emulate. At a time when tax credit policies are becoming a major form of American school choice, this book offers insights into both the strengths and weaknesses of the approach. Book jacket.




A Failed Experiment


Book Description

Georgia is one of seven states that currently allow tax credits for scholarships to private schools. The law permits individual taxpayers in Georgia to reduce annual state taxes up to $2,500 for joint returns when they divert funds to a student scholarship organization (SSO). Georgia's law providing tax credits for private school tuition grants or scholarships has operated amid hard economic times on the public promise that this tax-funded experiment will help the state's neediest students who are trapped in low-performing public schools and, at the same time, save the Georgia taxpayers money. Based on all available evidence, it is clear that the state's investment in private schools has failed to achieve its aims. In fact, the Georgia program appears to be more about doling out tax dollars to SSOs and far less about improving the educational choices for needy students in public schools. Nothing in the recent amendments to the law will alter this pattern. Georgia's tax-credit program for private choice has failed the state's children and Georgia taxpayers. It is time to end--or vastly mend--Georgia's failed experiment in tax credit scholarships for private schools. (Contains 1 footnote.) [For the main report, "A Failed Experiment: Georgia's Tax Credit Scholarships for Private Schools," see ED535565.].




Donating the Voucher


Book Description

In the United States, parents send about 10 percent of elementary and secondary school-age children to private schools, which through their accreditation meet the requirement that students receive an adequate education. By paying out of pocket for their children's private education, these families relieve a financial burden on local, state, and federal taxpayers, who would otherwise have to fund the public education of these children. If sending children to private schools generates a positive externality, then parents may be underutilizing private schools because they do not consider the financial benefit they provide others by sending their children to private schools. To see the implications of this externality for tax policy, consider that the current arrangement is equivalent to the following: all families with school-age children receive vouchers in an amount equal to the per pupil expenditures in their school district. Most families take these vouchers to their local public schools and redeem them for educational services. The others return the vouchers to the school district unclaimed. This voucher donation by parents who use private schools enables public school districts to reduce their expenditures on public education; this is the beneficial externality. The author's research examines one way to offset this externality: allow a federal (and possibly state) tax deduction for parents who send their children to private schools, in the amount of the per pupil expenditure in their local public schools. In this brief document, the author discusses his research on voucher donations and thoughts on allowing tax relief for parents sending their children to private schools. [For the full report, "Donating the Voucher: An Alternative Tax Treatment of Private School Enrollment. NBER Working Paper No. 18525", see ED541254.].




The School Choice Roadmap


Book Description

WINNER OF THE 2020 FOREWORD INDIES GOLD AWARD IN EDUCATION WINNER OF THE SILVER IPPY AWARD FOR BEST EDUCATIONAL RESOURCES You want your children to benefit from a great education. But every student is unique. One type of school might be a great fit for your neighbor's child, but it might not work for your son or daughter. Across the country, many parents today have more choices for their children's education than ever before. If you are starting the process of finding your child's first school—or if you want to choose a new learning environment—The School Choice Roadmap is for you. This first-of-its-kind book offers a practical, jargon-free overview of school choice policies, from public school open enrollment to private school scholarships and more. It breaks down the similarities and differences between traditional public schools, public charter schools, public magnet schools, online public schools, private schools, and homeschooling. Most importantly, The School Choice Roadmap offers a seven-step process that will help you harness the power of your own intuition—and your own expertise about your child's uniqueness—to help you find a school that reflects your family's goals, values, and priorities. Filled with sage advice from dozens of other parents who have pursued the school search process, and interviews with school leaders and teachers, The School Choice Roadmap is an optimistic, empowering book that cuts through the confusion in K-12 education—so that you can give your children every opportunity to succeed in school and in life.




God, Schools, and Government Funding


Book Description

In recent years, a conservative majority of the U.S. Supreme Court, over vigorous dissents, has developed circumventions to the Establishment Clause of the First Amendment that allow state legislatures unabashedly to use public tax dollars increasingly to aid private elementary and secondary education. This expansive and innovative legislation provides considerable governmental funds to support parochial schools and other religiously-affiliated education providers. That political response to the perceived declining quality of traditional public schools and the vigorous school choice movement for alternative educational opportunities provokes passionate constitutional controversy. Yet, the Court’s recent decision in Arizona Christian School Tuition Organization v. Winn inappropriately denies taxpayers recourse to challenge these proliferating tax funding schemes in federal courts. Professors Winer and Crimm clearly elucidate the complex and controversial policy, legal, and constitutional issues involved in using tax expenditures - mechanisms such as exclusions, deductions, and credits that economically function as government subsidies - to finance private, religious schooling. The authors argue that legislatures must take great care in structuring such programs and set forth various proposals to ameliorate the highly troubling dissention and divisiveness generated by state aid for religious education.




Donating the Voucher


Book Description

Approximately 10 percent of school-age children in the United States are enrolled in private schools, relieving the financial burden on public school systems, and the taxpayers who support them, of the cost of their education. At present, the tax code does not allow families who provide this financial relief an income tax deduction, even though such relief is a gift to governments for exclusively public purposes and thus analogous to a charitable donation. Using the Public Use Microdata Sample of the American Community Survey and the NBER Internet Taxsim calculator, this paper estimates that granting families who enroll their children in private schools an income tax deduction equal to the per-pupil expenditures in their public school district would cost the federal government an average of $7.75 billion per year over the 2006 - 2010 period. This amount is less than one percent of federal income tax revenues. Because private school enrollment, public school expenditures, the likelihood of itemization, and marginal tax rates increase with taxpayer income, the dollar benefits of this change are positively related to income. At the margin, high-income taxpayers would receive about 35 cents in federal and state tax relief for each dollar of per-pupil expenditures foregone.




New Learning


Book Description

Fully updated and revised, the second edition of New Learning explores the contemporary debates and challenges in education and considers how schools can prepare their students for the future. New Learning, Second Edition is an inspiring and comprehensive resource for pre-service and in-service teachers alike.




Education Options in the States


Book Description

In recent years, parents have benefited from a significant expansion of educational options for their children. Parents have many more opportunities than just a few years ago to choose from an array of public school options, including charter, virtual, and magnet schools. Expanding educational options for parents is one of the hallmarks of the federal "No Child Left Behind Act of 2001" ("NCLB"), and it remains one of President Bush's highest priorities. Parents also have access to an increasing number of state programs that provide financial support for their children to attend private schools. As of August 2007, there were 24 programs in 13 states and the District of Columbia that provide financial assistance in the form of voucher or voucher-like tuition assistance, tax credits, and tax deductions, compared with seven programs in seven states a decade ago. This report provides information on these programs. It will be a useful reference for parents, educators, researchers, public officials, and others. Information on state programs in this report is organized in two sections, followed by two appendices. "Overview of State Programs" provides an overview of the state programs, including tables of selected state program data. Data are presented in tables according to program type. "Descriptions of State Programs" provides individual summary descriptions of the respective state programs. Where available, information is provided on the following topics: program type, name, description, amount of assistance, number of participants, authorizing statute, legislative history, judicial history, and sources for more information. Appendix A provides citations for the authorizing statute(s), with expanded statute descriptions and hyperlinks to statutory documents, for each of the respective state programs. Appendix B lists Web resources for further information on the state programs and for information on issues in private school choice generally. (Contains 4 tables.).