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 »
In a great display of public income profiling, the IRS highlighted during the Obama administration they are increasing their audit rates for income levels above $200,000. If you study the chart carefully, you will see that after $200,000, your audit rate percentage goes up anywhere from 3X to 30X the average audit rate for those
What Is The Average Audit Rate By Income Level? Read More »
I want to fix America and make things better for our children. We cannot fix anything through complaining. Instead, solutions must be made and implemented. Of course no solution will be perfect, as there will always be a group of people who feel unduly hurt by new proposals. That said, during tough times, tough choices
Tax Rates Based On Work Ethic Shall Fix The World Read More »
Is discrimination OK? Hell no it’s not OK! I’ve been discriminated against ever since I came to America in 1995 and I’ve had enough. I think many people have had enough in 2020+. On Wednesday, January 18th large internet companies such as Wikipedia blacked out their sites in protest of the Stop Piracy Act Bill
Is Discrimination OK If You Aren’t Being Discriminated Against? Read More »
In my fiscally irresponsible state of California, Governor Jerry Brown (D) is proposing raising taxes on people making over $250,000 a year. According to the SF Chronicle, 65% of those polled believe this is a great idea. Well No Duh useless poll and uninsightful newspaper. Most people or households don’t make more than $250,000 a
No New Taxes Before Pension Reform Dumbass Read More »
A temporary payroll tax cut extension or a temporary tax cut anything is a mistake. The important issue to understand is what people do with their money during a temporary tax cut. If you know that a tax cut is temporary, you aren’t going to spend your tax savings because you know a tax hike
Understand Why A Temporary Payroll Tax Cut Extension Is A Mistake Read More »
The debate rages on whether the top income earners who pay most of the federal taxes or the bottom 47% who pay little-to-none of the federal taxes, should pay more taxes and help our country. Clearly, the answer is that everybody should pay some federal taxes, since everybody is benefiting from the federal government. Have
Are The Top 1% Getting Screwed The Most? Read More »
No matter how long it takes, I will fight for equality. I want to explain why bar stool economics shows why a progressive tax system is wrong. The best system for taxation equality is providing a flat tax above a certain poverty level or income level so that everybody pays something to support our country.
Bar Stool Economics Shows Why A Progressive Tax System Is Wrong Read More »
When it comes to making money, perhaps it’s best to trust rich people more. After all, if you’re about to have heart surgery, you’d rather have an experienced surgeon operate rather than a first year resident perform the operation. If you’re looking for some entrepreneurial advice, you’d rather pay $300 to listen to Ron Conway,
When It Comes To Money, Shouldn’t We Trust Rich People Who’ve Been Poor? Read More »
Conducting a cash-out mortgage refinancing is a way to lower your tax bill. And we all want to lower our taxes! You should defer or shield as much income as comfortably possible until retirement to minimize your present tax bill. The odds of your retirement income equaling your working income is slim-to-none. Therefore, your retirement tax
Cash-Out Mortgage Refinancing As A Way To Lower Your Tax Bill Read More »
