Since today is tax filing today for Americans, let’s take the opportunity to highlight two specific unfortunate consequences of the income tax. First, it enabled the modern welfare state. You can see from the chart that the explosion of redistribution spending only occurred after politicians obta...
This is great for people who think that they will be in a higher taxable income bracket and/or that tax rates will be higher during their retirement years. There are however much more stricter limitations to contributing to a Roth IRA account based on your filing status, other employer retire...
The IRS, which gets the last word on this when you're filing your taxes, rules out the following as passive income: “interest, dividends, annuities, and royalties not derived in the ordinary course of a trade or business,” income tax refunds, and income derived from the cancellation of ...
The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed. —Alan Keyes 50 A consumption tax, a national sales tax makes ...
I also tried master limited partnerships (MLPs), then quickly discovered the tax-filing nightmare involved with them. (MLPs issue a K-1 package to report your income, which is a headache compared to the 1099 form you get from stocks). ...
getting all of the benefits that were available by law. However, with Pete's help, I get the personal interaction I need, I feel confident that I've got an up-to-date expert working for me, and I haven't lost any time with the filing process. Thanks Pete, I do appreciate your ...
However, in a later lifecycle stage or phase, you should give Gusto a serious look at solving a good many of your growing pains. And when you do, you’re probably good to start off with their lowest level-tier, which runs just $39 (base) plus $6/person per month. We put our full...