Anyone who has looked into how movies are made knows that the plot doesn’t really begin to take shape until the storyboarding phase. In law, presenting a case to a jury works similarly, but throwing facts and figures around in the courthouse does not hit the same as a movie. No matter how clear the liability is, the jury understands best when presented with several mini stories that show how someone’s life has been impacted by the damages. To do this, lawyers like our host Jack Russo turn to guys like David Mann for help creating stories that will emotionally resonate with the jury and maximize the awarded damages to the wronged client. Win over juries with a solid story using the facts that is designed to reach them on a human level and walk away victoriously for your client by visitng David at https://www.asimplemessage.com/.

When Trump overhauled the tax code in 2017, a one-time repatriation tax was enacted on foreign earnings. Like many Americans, the Moores were invested overseas when they received a $15,000 tax bill. Since they reinvested the profit elsewhere and never realized any actual cash, the Moores are fighting the taxes and have taken their battle to the Supreme Court. As a result, the constitutionality of the 16th Amendment is now under attack and could be redefined despite SCOTUS’s reluctance to disrupt the tax code. What now qualifies as taxable income? Today host Jack Russo and CPA, Steve Rabin discuss how the Moores could have planned better to avoid this tax bill and other tax tips to consider.

https://taxservice2u.com/

At the end of December, we welcome each new year with wonder and excitement of what things may come. After a rough year of two wars, high interest rates and a stock market that keeps going, 2024 is not receiving the same fanfare as previous years. People are plain irritated about the condition of the world and the feeling of being in constant flux. On the other hand, CEOs have a whole different set of worries, and surprisingly AI and climate change are not topping the list the way they previously had. Host Jack Russo and CEO, Tom Casey discuss the big issues CEOs are worried about and how optimistic they are for a solution.

https://discussionpartners.com/

Powerful computer programs are accurately simulating the uncertainty of climate change. These models underlie the growing business of climate risk, which in turn supports mitigation planning and the insurance industry. But climate risk models are usually large monolithic systems, which although internally consistent, cannot export statistically coherent representations of the underlying uncertainties. Because of this, the outputs are often single average risk scores resulting in the Flaw of Averages, a family of well documented mathematical errors. We propose open standards for conveying the results of climate models, based on the discipline of probability management, which will embed the uncertainty, including statistical dependence in auditable, cross-platform data. This will provide two major benefits. First, it will allow monolithic climate models to be disaggregated into manageable parts. Second, it will allow the results of disparate models of both hazards and impacts to be combined in numerous ways. In short, it will improve the measurement of environmental risk at any scale.  Host Jack Russo and Professor Sam Savage of Stanford University discuss the use of probability management to create a new more Coherent Climate Calculus to effectively assess economic risks relating to climate change and toward the creation of entirely new climate finance marketplaces.

Want to learn more about probability management from Prof. Sam Savage? Check out his site www.probabilitymanagement.org

Climate change is a universal crisis, but the way we assess everything related to this crisis is problematic in itself. By definition, Risk = Likelihood x Impact (or Probability x Liability) which seems to be a straightforward way to measure whether or not you would need something like fire insurance for your home. Today host Jack Russo and Professor Sam Savage discuss why this method of risk assessment is actually horribly flawed in this nutshell version about climate risk.

Click here to learn more about probability and climate risk: https://www.probabilitymanagement.org/

Check out more about Joseph Panetta here: https://www.locc.me/

“It was the age of wisdom, it was the age of foolishness.” This second, lesser-known line from A Tale of Two Cities has never felt more applicable when you read about the two most notable cases currently going on in New York City. Sam Bankman-Fried and Donald Trump are the most recent individuals to go on trial for fraud and though the cases are vastly different, there are a few parallels we can draw to show how they both ended up in court. Both men grew up being idolized by their parents and exuded an I’m the winner/better than you attitude throughout their career; and while they may have been financially successful in their fields, that same smarter-than-you attitude landed them in a gigantic mess despite warnings from teams of lawyers. Host Jack Russo and Professor Robert Acker discuss the massive breach of ethics used to generate wealth.

Click here to read about Donald Trump's fraud case: https://www.nbcnews.com/politics/donald-trump/trump-testify-fraud-case-rcna122522

Have home owners been getting taken advantage of on commissions on sales of their home? The Missouri federal jury in Kansas City says “yes, you have” to sellers in the class a action case covering some 260,000 sales in the states of Missouri, Kansas, and Illinois and finding liability of nearly $2 billion which could be trebled to $6 billion.  Even though sellers signed agreements for paying the commissions on those sales, they’ve been losing to their agents who have been fixing (and inflating) commissions by collective agreements protecting buyer agents who often do little work to justify the commission split. Is the die now cast and will this one successful federal antitrust class action lawsuit (covering just 3 states) mean the rest of the 47 states will follow with their own lawsuits? If so, could multiple lawsuits against the real estate industry leave it vulnerable to the point of extinction? In that case, many brokers would find themselves at risk of consolidating and/or filing for bankruptcy. Today host Jack Russo and Joe Cucchiara discuss this massive disruptive change to real estate industry and the increasing future role of AI, blockchain and other digital technology in real estate transactions.

There’s a new tax form on the market and it’s looking for a piece of your side hustle. The new 1099-K tax form targets independent contractors who are underreporting on small transactions. Sales resulting in $600+ on online marketplaces, digital wallets, crowdfunding platforms & more now means there is one more form to deal with when navigating an already complex tax code. Between the increasing focus on undercompliance and a lower minimum reporting threshold, it certainly feels like the government is cracking down on the lowest rungs of society and allowing the uppermost echelons of society to get away with paying little to nothing thanks to a crack team of tax experts. Today host Jack Russo and CPA, Steve Rabin discuss earned income tax credits and the possibility of Silicon Valley wealth getting slapped by billionaire taxes.

Got more tax questions? Feel free to contact Steve Rabin at his website: https://www.taxservice2u.com/

Look around the world and everywhere you go, you will find pockets of innovation and wealth mixed in with areas of poverty and conflict. Though this is by far not a new phenomenon, our awareness of global tensions and the deluge of opinions can make it difficult for individuals to get a clear, non-political view of what is going on. Over at The Segmented World, David Nash leverages his decades of living in different countries and managing major corporations to help the rest of us make sense of the current events that are shaping the future. Listen in as host Jack Russo asks David Nash about the importance of global cooperation to address inflation, pollution, population, resource scarcity, and more.