Posts Tagged ‘taxes’
Millionaire Taxes- The Debate is On
Millionaire Taxes- The Debate is On. How many people are millionaires in the United States? According to recent statistics the number of people in the country with a net income of $1 million or more reached 9.63 million in 2013. That might sound like a lot, but compared to the total U.S. population that number…
Read MoreHow Does Lowering Business Taxes Pay Dividends?
How Does Lowering Business Taxes Pay Dividends? Although most businesses and individuals find their tax bill to be too high, there are some that find the never-ending changes to tax laws and rules even more frustrating. Sometimes it feels that tax laws can be so complicated that all you can do is throw your hands…
Read MoreDoes The Economy Really Suffer From Those Who Skip Out on Taxes?
Does The Economy Really Suffer From Those Who Skip Out on Taxes? Have you ever considered just skipping out on your taxes? Although a lot of people would love it if there were not taxes, the fact is, some taxes are important. The tax debate will never end, especially among politicians. There will always be…
Read MoreDon’t Gamble With Your Taxes: Read the Fine Print About Incorporating in Nevada
Don’t Gamble With Your Taxes: Read the Fine Print About Incorporating in Nevada Source: FTB Publication 689 Posted: 3/2/2010 Ever wonder about those ads that promise big tax savings for incorporating in Nevada? While there is nothing inherently wrong with incorporating or registering in Nevada or any other state for that matter, we do see…
Read MoreWith Congress Now Back What Will it Mean for Taxes
With Congress Now Back What Will it Mean for Taxes Fall is here and that means the rain and wind are on their way back. Congress is back as well and they have a lot to talk about. It’s not exactly clear how much they will get done in the next three months, but they…
Read MoreWhere Do Californians Stand On Taxes?
Where Do Californians Stand On Taxes? California’s high ranking on the tax meter is well documented. The state is among the highest in the nation for both income taxes and business taxes. It ranks high in several other tax categories as well, including sales tax, property tax and even the gas tax. The Golden State…
Read MoreWhen it Comes to Payroll Taxes, Don’t Mess With the IRS
When it Comes to Payroll Taxes, Don’t Mess With the IRS It’s payday! Everybody loves payday, except for the company making all those payments. It’s not that companies don’t want to pay their employees; rather it’s the high cost of payroll taxes that comes with having those employees. However, that’s the law, so if your…
Read MoreHow to Minimize Investment Taxes
How to Minimize Investment Taxes As an investor, your first priorities should be 1) to develop an asset allocation strategy that aligns with your investment objectives and risk profile, and 2) to select quality securities that support that strategy. Only after that’s done should you turn your attention to taxes and identify opportunities to improve…
Read MoreYou Can Give Big and Still Save Big on Taxes
You Can Give Big and Still Save Big on Taxes Many people enjoy passing on their assets to their loved ones or donating money to charitable causes. This is a noble way to share the wealth. And it’s a win-win situation for everyone involved. Many of the nation’s wealthiest individuals are among the most charitable…
Read MoreNew Strategy for Wealthy Taxpayers to Beat Property Taxes
New Strategy for Wealthy Taxpayers to Beat Property Taxes One of the biggest complaints of the Tax Cut and Jobs Act (TCJA) has been how it affects the state and local taxes (SALT) deduction form the federal return. These deductions have been a major part of many taxpayers’ returns for many years, especially wealthy taxpayers.…
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