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?
Posted December 4, 2008 - 11:44 by Xin Lu
It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now the news reports that the Treasury is planning to forcibly cut mortgage interest rates to 4.5% on new mortgages. The details about the plan still remains unclear, but will this boost the sagging housing market? Also, how could this help you as a consumer?
Posted October 3, 2008 - 14:07 by Andrea Dickson
You might have thought that the $700 billion bailout bill seemed a bit excessive. You'll be relieved to hear that the bill that the President will sign tonight is worth a mere $800 billion dollars. Wait, what?
Posted June 20, 2008 - 01:37 by Xin Lu
Yesterday Paul Michael wrote an article comparing the income tax policies of McCain and Obama and suggested that he would vote for Obama because Obama's tax policy would benefit everyone but the uber-rich. In the comments on the article there are many great comments about the candidates' tax policies and how it is not so simple to say that Obama's plan is better. One particular comment that stuck out to me is about Obama's stance on doubling capital gains taxes, and I think that is possibly the worst tax policy ever, and here is why.
Posted June 19, 2008 - 09:50 by Paul Michael
I want to keep this factual. This is not an article on who should be the next President, or as these campaigns usually go, who shouldn’t be President. This is a simple presentation of facts as they stand today. Bottom line - who’d be better for your bottom line next year...Obama or McCain?
Posted June 6, 2008 - 09:51 by Xin Lu
Yesterday I read a news item that stated the House and Senate are considering another tax benefit for homebuyers and homebuilders. The idea the House is considering is basically giving a tax credit of $7500 to people who have not owned a home in three years. In the Senate, the version of the bill gives buyers up to $7000 for purchasing a foreclosed home. It sounds like free money, right?
Posted May 22, 2008 - 23:46 by Xin Lu
Yesterday I was talking to a friend and he mentioned that his company just started offering the option of investing in Roth 401ks. He was wondering if he should stick with his regular 401k or switch to the new option and we talked about the pros and cons of each for a little bit. Here are my conclusions.
Posted May 13, 2008 - 18:47 by Xin Lu
I received my Social Security statement this week and it was a useless piece of paper to me since I do not qualify for retirement benefits yet. I always hear critics of Social Security say that it is a government sanctioned Ponzi scheme, and today I did a little research into why this comparison is often made.
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