It should come as NO surprise to long time Financial Samurai readers that the IRS admitted to targeting conservative groups since Obama became President. The government already discriminates against those who make over a certain amount by charging higher taxes even though they already pay for the majority of all taxes. Meanwhile, the deductions and […]
How To Avoid An Audit Based On Discrimination By The IRS Read More »
Despite mentally writing off the value of my Social Security benefits, in the bottom drawer in the way back of my cob-webbed mind, I know it will be there to fund my early bird special seafood buffets when I’m retired. Sure, the eligibility age for withdrawal might rise from 62 to 67, but we’re all
You Can Count On Social Security Benefits In Retirement Read More »
Why work if we’ve got Obama? I had this rhetorical question asked to me so may times while Obama was President. Recently, I’ve had a couple tennis friends ask me, “Why work when we’ve got Joe Biden?” It’s an interesting attitude I’ve picked up again as I plan to re-retire once there’s herd immunity. Let’s
“Why Work If We’ve Got Obama?” Said My Rich Friend…. Read More »
Imagine diligently saving $100,000 over 10 years only to wake up the next day to see $93,250 in your account. Now imagine having to fork over $99,000 of your $1,000,000 nest egg right before you plan to retire. The Cyprus president has basically negotiated a 6.75% tax on all deposits under €100,000 and a 9.9%
Cyprus Reminds The World To Diversify Our Assets And Never Trust The Government Read More »
I never thought we’d go over the fiscal cliff, but it turns out the chances are now over 50% after Boehner’s Plan B can’t even get enough Republican support. Raising the absurdly low income threshold for tax increases from $250,000 per couple to $1 million per couple sounds like a fantastic compromise. Nobody making over
Financial Moves To Make Before And After The Fiscal Cliff Read More »
The government has developed a great system to rob American citizens and there’s almost nothing you can do about it.
How Tax Collectors Like The IRS Cleverly Rob You Of Your Money Read More »
The latest presidential election was won by Joe Biden. Biden beat Trump’s re-election bid due to various issues. We should expect households making over $400,000 to pay a new tax rate of 39.7% eventually. The presidential election is just days away! This is when candidates start hamming it up and telling us all the great
Presidential Election Time: Policies To Win America’s Vote Read More »
When’ve we are in a Presidential Election year, it’s important we all discuss, understand and get involved. It’s irresponsible not to have a view when so much of our future is at stake. The popular vote is usually divided down the middle. Many are unwilling to see the other side of the story. Life As
Growing Up As A Republican Black Woman In America Today Read More »
John Galt is a fictional character in Ayn Rand’s novel Atlas Shrugged (1957). The phrase, “Going John Galt ” or “Going Galt” is used to describe “productive” members of society cutting back on work in response to the projected increase in U.S. marginal tax rates, increased limits on tax deductions, and the immoral or inefficient use of tax revenues. I’m not sure if
Going John Galt And Protesting Government Waste Read More »
I just got done with two things: 1) Writing a check for another $1,000 more in taxes to the Federal Government for 2011, and 2) Re-reading the article, “The Average Percent Of Income Donated To Charity Can Improve“. Hopefully all of you are on pace to finish doing your taxes before the April 17th deadline.
Is Paying Taxes A Form of Charity? Read More »
