Before you do ANYTHING though, I want you to sign up for the90 Day Budget Challenge.It walks you through not only how to create a budget, but how to set up the basic routines in your life that will support your efforts to save money. Because transforming your finances is about more th...
The first thing that you can do with your tax return refund is to pay off debt. I’m not a fan of debt at all. Some people can eliminate their debt fast, but most people aren’t. For many, it’s an up and down journey. Debt can stop you from doing many thingsif you let it ...
Sure, it has tax deferral and that’s great. But the return is usually very low and you won’t be able to do anything about it. And the tax deferral will not make up for the terrible interest rate the annuity will pay. Just forget it. In most cases, tax-deferred annuities stink. ...
You may be subject to additional taxes too, depending on the state you operate in. What taxes do S corps pay? S corps are different from C corps in that they are not subject to double taxation—that is, they pass corporate income tax liability through to shareholders, which are then ...
Capital gains tax is a levy on any profit you make when you sell or "dispose of" an asset, such as shares or a second home. "Disposing" means gifting it, swapping it for something else or getting compensation for it - eg through an insurance payout. ...
An alternative approach would be to tax only some of the needed resources form the people who possess them, and then pay those same people for the rest of what is needed. But with what do we pay them? We could pay them with ordinary goods and services of the kinds that almost everybod...
If you haven’t checked in on Climate Courage, do have a listen to Elizabeth Ward-Sing, as she shares her passion for the ocean and sharks, and we went really wide in this conversation, because it’s all linked! Leader’s Declaration on Food System a milestone mome...
(the yield to maturity is the best estimate of this), but that inflation will be 2%, so the expected real return is 0%. suppose the running yield on bonds is 3% (because they are priced above par), and in a taxable account you’d pay 20% tax on that 3%, i.e. 0.6% per year...
How Much Tax Do I Pay on Dividends in Canada? If you are a shareholder of a Canadian company and receive dividends, you will have to pay taxes on the dividends. The amount of tax you pay will depend on whether the dividend is eligible or non-eligible. Eligible dividends are taxed at ...
shares at a loss to get a tax advantage and then turning around and buying the same investment again. If you do that in 30 days or less, you will run afoul of the IRSwash-sale ruleagainst this sequence of transactions.Material capital gains of any kind are reported on aSchedule D form...