The Adverse Consequences of a 70-Percent Top Tax Rate on Households Posted in Class warfare, Higher Taxes, Ocasio-Cortez, Tax avoidance, Tax evasion, Tax Increase, Taxation, tagged Class warfare, Higher Taxes, Ocasio-Cortez, Tax avoidance, Tax evasion, Tax Increase, Taxation on January 5, 201...
In this eerie time of social distancing, medical mayhem and financial carnage, I feel like a background character in a cheesy made-for-tv movie starring B-grade actors from the 70’s. Unfortunately, the chaos and risk are all too real, although the consequences and aftermath remain a riddle...
Purchasing several individual annuity contracts from a single insurance company within the same calendar year is often referred to as aggregation. In this scenario, the IRS treats these purchases as a single transaction in order to prevent the owner of the policies from manipulating the basis in ea...
17. (a bonus!) Birth or Adoption– With the passage of the SECURE Act of 2019, a new qualified exception is now available – to offset expenses for the birth of a child or an adoption. Each taxpayer may withdraw up to $5,000 (within one year of the birth or when the adoption is ...