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Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Friday, May 18, 2007

Forever Stamps & Time Value Of Money

For those on the prowl for real-life examples of the time value of money for use in the basic income tax course: Mike Dorf has an interesting example from today's increase in the cost of a first-class mail stamp to 41 cents, and the Post Office's sale of "Forever Stamps" which can be used for first-class mail at any time in the future based on today's rate: Forever Stamps: Convenience or Scam?, which is based on a Washington Post article by Allan Sloan, ";;Forever'" Stamps Save Time, Not Money:

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