Scenario 2 (too few withholdings):I tried severaltax softwareproviders and they all come back with a federal refund of only a $95. This is the lowest I have ever got and I made the most money ever this year. I am single, own no property or anything, made around 14,000 last year (...
1. The richest 1 percent of Americans are now taking in over 20 percent of total national income, and so far have raked in almost all the gains from this recovery. Thirty years ago, the richest 1 percent got 9 percent of total income. Income and wealth are now more concentrated at the...
Mutual funds can borrow capital, but they must ensure that they have "an asset coverage of at least 300 percentum," or only one-third of the total value of a fund.5 Mutual funds offer many combinations of security and risk to investors. Individuals can choose mutual funds that focus on...
Cannabis will be taxed at 10 percent. An Ohio State University report estimates that legal marijuana will generate about $300 million a year in revenue for the state. The background:Ohio voters rejected a ballot question to legalize marijuana in 2015, in large part because the language of th...
As evolutionary biologist Stephen Jay Gould so eloquently put it, ‘I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.’ Inequality is particularly ...
5) Fear. I’m going to admit it. I am afraid to retire completely. I’m afraid of losing those hospital relationships that ahave been so helpful to my friends and family. I am also afraid that this recession may be similar to 1966/67 where the 4% safe withdrawal rate failed. If tr...
I am someone who received the stepped-up basis two years ago. I'm contemplating selling one of the properties to potentially live where I want to live rather than my current home. Because of the new tax basis, selling would be feasible since I can afford the amount of capital gains tax...
Jim, I clicked Reply too soon… But to clear up this confusion, I am not suggesting 40%. That was only for illustration. Also, the optics of 8.25% might look pretty bad. E.g., if the total profit equals $100K, $8250 is *probably* too low optics-wise. ...
I will tell you. I believed the CEOs that went on television and looked in the cameras and told everyone it was going to be OK, that they were fine. Why did I believe them? I believed them because do you think a normal human being, which I am, would think that after Enron, after...
soon as financially possible I am going off grid, perhaps not entirely but certainly as much as is practically possible. As power is getting more and more expensive on a yearly basis and the price of voltaic cells is getting cheaper, break even point should hopefully be within 5 to 10 ...