Posted May 6, 2009 - 15:07 by Xin Lu
I just read a very interesting article by an American expat named Russell Shorto in the Netherlands titled "Going Dutch - How I Learned to Love the European Welfare State". The author describes his shock at a 52% top income tax bracket and his eventual acceptance of the social benefits of living amongst the Dutch. Here are some highlights of his experience and my thoughts on the subject.
Posted April 16, 2009 - 07:41 by Fred Lee
How you perceive your tax rebate could go a long way in determining whether or not you’re going to spend it.
Posted April 15, 2009 - 13:18 by Xin Lu
Today is April 15th, also known as the dreaded Tax Day in America. Due to the recession many people may find that they do not have enough money in the bank to pay what they owe. Instead of marching in the various "tea parties" happening today, this is what you can do if you find that you do not have enough money to pay Uncle Sam.
Posted March 31, 2009 - 21:37 by Xin Lu
This week President Obama rolled out an initiative for the failing American automakers to restructure. The plan proposes several consumer incentives to jumpstart auto sales. Here are some details on the financial incentives you can expect if you buy a new car this year.
Posted March 26, 2009 - 16:41 by Nora Dunn
For many of us 30-somethings (and some of us both younger and older), our parents took out whole life insurance policies for us when we were kids. When we became income-earners and were deemed responsible enough, a ceremonious transfer of papers occurred, where we were told gravely that this policy is to be kept paid up, as it will be worth a lot of money. Sometime.
What is this insurance all about? Why will it be worth a lot of money? Should I just cancel it and take the cash? Or is there something else I don’t know?
If you have any of these questions, read on. You may discover that your whole life insurance policy is worth much more than you thought.
Posted March 25, 2009 - 10:52 by Xin Lu
Lately many top AIG employees who were targeted by Congress in the $165 million "Bonusgate" incident have returned their bonuses. Some people are still holding out, and in my opinion, they would be better off if they simply donated their bonuses instead of returning it to AIG. Here is an open letter to these employees and others who may be targeted and threatened with confiscatory taxes.
Posted March 24, 2009 - 17:27 by Xin Lu
This week the United States Treasury announced the Legacy Loans Program. The program is meant to be a partnership between the government and private investors to clear "toxic" assets off the books of banks. Some large financial firms have expressed that they may set up mutual funds to buy these assets. Could you possibly profit by buying these funds as an individual investor?
Posted March 12, 2009 - 09:44 by Elizabeth Sanberg
I have a confession to make: I love tax season. Not just the days when I do my taxes or when I file my taxes or get a chunk of change deposited to my account, but the entire Tax Season: from beginning of January when you're allowed to start filing until April 15: the big due date. Honestly, I think Tax Season is a lot like the Holiday Season. Don't believe me? Check out their similarities.
Posted March 9, 2009 - 13:24 by Xin Lu
It is tax season again, and it seems that every year the tax code in America gets a little more convoluted. One thing in the tax code that has always annoyed me is something called the "marriage penalty". Basically, the penalty occurs when two people with similar incomes are pushed into a higher tax bracket once they get married and file jointly. Here is a little history on this phenomenon and how it could affect your wallet.
Posted February 22, 2009 - 21:27 by Paul Michael
Anyone here like doing taxes? Didn’t think so. We all have to do them; we all have to pay money to Uncle Sam (although some get away with paying much less than others). But as a freelancer and/or a blogger, are you overlooking dozens of legitimate deductions that could save you a whole lot of money?
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