Markets

Five Legitimate Tax Deductions We Still Can’t Believe

[credit provider=”Flickr via tscherno” url=”http://www.flickr.com/photos/tscherno/2580636892/in/photostream/”] Legend has it that an exotic dancer was once allowed to deduct the cost of ‘enhancements’ as a business expense.That one may just be a popular tax-geek myth — but there are plenty of verified, documented cases of weird and wonderful tax deductions our fellow […]
Five Legitimate Tax Deductions We Still Can’t Believe
Markets

10 Of America Strangest Federal Tax Laws

[credit provider=”flickr: SAN_DRINO” url=”http://www.flickr.com/photos/san_drino/1454922072/”] Americans are known to bristle come April 15, but nearly 240 years after the founders threw a Boston Tea Party to protest unfair taxes, citizens are using less dramatic – but no less creative – ways to test the tax code. Modern-day challenges often end in […]
10 Of America Strangest Federal Tax Laws
News

Mayor Bloomberg Goes To War Against A Tax Change That Would Disproportionately Slam Blue States

[credit provider=”AP”] In November, Washington Examiner senior editorial writer Philip Klein wrote how the elimination of the deductibility of state and local taxes would be the “one deduction worth breaking” Grover Norquist’s tax pledge over.Why? The Congressional Budget Office estimates that it would raise $862 billion over a 10-year span. And Republicans fearing […]
Mayor Bloomberg Goes To War Against A Tax Change That Would Disproportionately Slam Blue States
Markets

SPERLING: A Mere Cap On Deductions Won’t Generate Enough Revenue

[credit provider=”flickr/joao_trindade” url=”http://www.flickr.com/photos/joao_trindade/4362414729/sizes/l/in/photostream/”] Two of the top economic advisors at the White House recently posted on the White House blog to make the case that limiting deductions won’t raise enough revenue to get the nation back to fiscal health.This exercise, obviously, implicitly makes the case for raising rates rather than […]
SPERLING: A Mere Cap On Deductions Won’t Generate Enough Revenue
Markets

8 Government Mandates That Actually Save You Money

[credit provider=”flickr/j_bouzas” url=”http://www.flickr.com/photos/j_bouzas/6065558730/sizes/l/in/photostream/”] When the Supreme Court recently upheld the Affordable Care Act, a majority of justices reasoned that the mandate to buy health insurance was a Constitutional exercise of Congress’ taxation power.Whether or not you agree with this decision, it’s clear the government has always used its taxing power […]
8 Government Mandates That Actually Save You Money
Markets

Here’s Why You Shouldn’t Wait To Pay Back Student Loans

[credit provider=”flickr/-catch22c-” url=”http://www.flickr.com/photos/-catch22c-/7199775622/sizes/l/in/photostream/”] Earlier this week, Reddit user ‘Red-helix‘ wondered whether he should rush to pay off his student loans. “Does it always make sense to sacrifice liquidity after college to kill those loans, when the government lets you deduct the interest without itemizing?” he asked. 
Here’s Why You Shouldn’t Wait To Pay Back Student Loans
Markets

Discover These $2000 Tax Credits You Didn’t Know You Were Owed

[credit provider=”flickr/bikracer” url=”http://www.flickr.com/photos/bikracer/42893016/sizes/l/in/photostream/”] The U.S. Government’s Accountability Office has said that the reason students are leaving behind $800 million a year in tax breaks is everything the IRS has written about it is too complicated.To give them a hand, we sifted through their rules and have simplified four of the […]
Discover These $2000 Tax Credits You Didn’t Know You Were Owed
Markets

Here’s How 35,000 Of America’s Wealthiest Households Got Off Tax-Free

[credit provider=”flickr/[email protected]″ url=”http://www.flickr.com/photos/[email protected]/5015343129/”] More than 35,000 of American households who make over $200,000 annually, paid no income tax to the federal government in 2009, according to a new study by the IRS.For 2009, of the 3,975,288 tax returns with expanded income of $200,000 or more, 35,061 (0.882 per cent) had […]
Here’s How 35,000 Of America’s Wealthiest Households Got Off Tax-Free
Lifestyle

HOUSE OF THE DAY: A Modern Oceanfront Home In Malibu Is On Sale For $26 Million

[credit provider=”Jade Mills Estates” url=”http://www.jademillsestates.com/currentlistings/california/malibu/90265/yXZsV/32852-Pacific-Coast-Highway.htm”] A huge four-bedroom, four-bathroom house right on the water in Malibu is on sale for $26 million.The home is an architectural gem, with sliding glass doors, stone, and hardwood used in its construction.
HOUSE OF THE DAY: A Modern Oceanfront Home In Malibu Is On Sale For $26 Million
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