In 1961, during an Antarctic expedition, Leonid Rogozov came down with appendicitis. While this condition is typically solved with relatively minor surgery, there was just one problem: there was only one doctor on the expedition, Leonid Rogozov. Faced with a choice between certain death or an insane attempt at performing his own appendectomy, Dr. Rogozov chose to live. With a …

Last week, WSJ reporter Jason Zweig broke the story of Powerball winners who were exploited for millions of dollars in commissions and fees. For those without the time to read the full article, succinctly, a couple won a $180.1 million dollar lottery in 2008 and walked away with $59.6 million after taxes. Shortly thereafter, they started a charitable foundation to …

A common misperception by many about taxes is that if they make too much money, they’ll end up having less money than if they hadn’t made the money. This often arises from a misunderstanding of the marginal tax system, in which incrementally, your taxes increase as your income rises. The misunderstanding then is that if you’re in the 22% bracket, …