Net-Teams - Bookmark Tag Income Tax

There are 32 articles associated with the tag Income Tax!

#	Total Bookmarks	Article Title/Link and Description
1.	Bookmarks: 0	More Brainwashing Book Reviews My partner and I love this book. We are enrolled agents, do around 800 business, personal, and trust income tax returns per year. The way it has been in the past, when folks ask who they should seek for investment advice, I have said that I don't really trust anybody, and then I tell them to educate themselves before they trust their money to an advisor. That way they will know enough to keep from being taken.
2.	Bookmarks: 0	Corporate Income Tax Reform - Seriously The investor's eye view of politics is a simplistic, practical, dot-connecting approach to sorting things out so that win/win change can be considered. Real world politics is not concerned with such things, and that is one of the most serious problems facing investors today.
3.	Bookmarks: 0	401k Plans Are Retirement Programs - NOT So long as we are in an environment where retirement plan income (and principal in the case of all private plans) is subject to income taxation, 401(k) participants would be wise to establish an after tax income portfolio invested in tax exempt securities--- or to vote more selfishly.
4.	Bookmarks: 0	Tax Code Strikes Again --- Proven Cause of Early Onset Investor Dementia How could any investor not be thrilled with large amounts of capital gains on top of significant tax free income? Concerned that an income tax liability is created by such wanton disregard for the tax code, some investors actually prefer to have no short term profits at all! Talk about shooting oneself in the foot.
5.	Bookmarks: 0	Fiscal Cliff Impact White Paper Under current law, the Economic Growth and Tax Relief Reconciliation Act of 2001, commonly known as the Bush Tax Cuts, will expire on December 31, 2012, potentially creating serious consequences for American taxpayers. This report is designed to answer questions surrounding this impending Fiscal Cliff.
6.	Bookmarks: 0	Investment Politics 2012: What's (left) In Your Wallet? As Investors, we represent the single biggest voter block in the country. We must respond in one voice to the endless political drivel with a resounding Money Talks, BS Walks. We want decision makers who design laws that aid economic freedoms, not lawmakers who make decisions that restrict them. Here's the MT~BSW Financial Plan for the 2012 Election. Dot Connectors Wanted!
7.	Bookmarks: 0	How To Create A Fairer Tax Environment There are 44,000 pages in the Internal Revenue Code (IRC) alone, 5.5 million words, incomprehensible at best. Obviously, there is a lot more to be said about each of the ideas that follow. Here are the top survey ideas; the first two were discussed in previous results articles as consumer spending enhancers and job creators, respectively.
8.	Bookmarks: 2	How To Create More Jobs, America Today, employers are reluctant to create jobs because the mandated non-productive overhead associated with each worker adds significantly to the cost of running the business--- worker's compensation, unemployment insurance, OSHA compliance, liability insurance, social security contributions, minimum wage/union pay scales, etc.
9.	Bookmarks: 5	Investor Political Priorities - A Survey - Part 2 Is it enough to say that we tax pension and other retirement income, including the sacred pittance from Social Security. The income tax needs to be revised, reformed, or replaced by something. Eliminating the tax on all forms of retirement and investment income, including capital gains, rents, royalties, etc. would have incredible positive effects (and would guarantee a Pennsylvania Avenue address for eight years).
10.	Bookmarks: 0	Guaranteed Social Security Benefits: Finally, An Approptiate Use For (Fixed) Annuities What if, instead of donating 7.6% of your salary (15.3% if you are self employed) to support the war de jour: (a) you could choose to deposit from 3% to 5% of your salary in a guaranteed retirement program maturing anytime after age 60, (b) the lifetime benefit is totally income tax free, and (c) your employer uses his savings to either create jobs, raise non-executive salaries, reduce prices, or increase shareholder dividends. Interested?
11.	Bookmarks: 1	Guaranteed Social Security Benefits - The Old Fashioned Way What if, instead of donating 7.6% of your salary (15.3% if you are self employed) to support the war de jour: (a) you could choose to deposit from 3% to 5% of your salary in a guaranteed retirement program maturing anytime after age 60, (b) the lifetime benefit is totally income tax free, and (c) your employer uses his savings to either create jobs, raise non-executive salaries, reduce prices, or increase shareholder dividends. Interested?
12.	Bookmarks: 5	Investor Political Priorities - What's On Your Mind? 90% of all Americans are investors and, as such, there are issues that we need to hear about from the men who would be king. None of our could-be leaders are addressing the issues that would allow us to achieve our financial goals. What we all want is to keep more of what we make, and then to spend it as we see fit. It's not clear how the candidates intend to help us.
13.	Bookmarks: 0	An Investor's Eye View of the Corporate Income Tax Politicians have neither been shy about dictating proper behavior to individuals nor hesitant in shamelessly picking the pockets of businesses. At the root of the problem is the tremendous investment the major parties have in nurturing divisiveness, jealousy, and misunderstanding in the electorate. The corporate income tax is a non-productive weight on business decision makers, causing expenditures that would not be considered were they not tax deductible.
14.	Bookmarks: 6	Jobs - Permanent Jobs - Millions Of 'Em Today, in the very birthplace of capitalism, an entrenched, arrogant, and incompetent congress equates greedy executives with the demise of capitalism while the economic force field it demeans catapults third world nations onto the leader board of global economic growth potential. Capitalism dead? Hardly.
15.	Bookmarks: 0	What Is The Fair Tax And Why Should You Care? The U.S. Federal Income Tax Code is a tax on the income of American companies and citizens enacted by the government. The U.S. Constitution gives Congress the power to impose taxes, duties, imposts, and excises.The purpose of the Tax Code is to provide income for the operation of the government. The Tax Code is found in Title 26 of the U.S. Code of Federal Regulations (CFR).Any U.S. citizen who has filled out a federal tax return knows how confusing the current U.S. T...
16.	Bookmarks: 0	Depreciate property improvements correctly with cost segregation A cost segregation study allows property owners to both defer and reduce federal income taxes. When properly performed by an appraiser with expertise in cost segregation, this is a conservative tax planning tool which reduces federal income taxes by properly allocating the cost basis between land, 5-year, 7-year, 15-year, 27.5-year and 39-year property.
17.	Bookmarks: 3	Home Based Business: Your Ultimate Tax Shelter Starting and operating your own home based business is the ultimate tax shelter.Although this article has been written from a Canadian income tax perspective, the principles should be practical in other tax jurisdictions.1. Non-Deductible Personal Living ExpensesAll of us have expenses that we incur in everyday living.Either you rent an apartment or house or you own your residence. Utilities, insurance, rent, mortgage interest, property taxes, and maintena...
18.	Bookmarks: 0	Do You Know How Income Taxes Are Calculated? This is the first of a series of 2007 Tax reference sheets that I'll be sharing with you over the next month or so. This one focuses on some of the major federal income tax key numbers. I'll do future ones for estate planning, retirement planning and business planning in the not too distant future so stay tuned.Since federal income taxes are such a large part of most peoples life or expenditures, I thought that you might like a summary or reference sheet for some of the i...
19.	Bookmarks: 0	Wave “Goodbye” To Uncle Sam’s Taxes There exists an incredibly powerful wealth-building strategy that has been around since 1921, and is still used by the country's most savvy real estate investors. Remarkably, the IRS made this tax deferral possible.Put simply, you can defer (possibly forever, if you meet a certain condition which I’ll share in a moment) capital gains taxes on the profits from the sale of a foreign property if you use the proceeds of the sale to buy another foreign property.I’ve helped...
20.	Bookmarks: 0	Top 7 Ways to Minimize Your Income Taxes Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:
21.	Bookmarks: 0	How Wealth Tax Is Better Than Income Tax Wealth TaxDo you want to move money from the wealthy to the poor? Well, tax wealth.Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less. If you live in a capitalistic country, then your income is yours fairly. However, Bob’s wealth might not be traceable to productivity. Bob might have gotten his wealth through inheritance gained through slavery, or genocide. The link between wealth to productivity is ...
22.	Bookmarks: 0	Cost Segregation give apartment owners tax relief Apartment owners can face staggering expenses to maintain apartment communities. The upkeep of even a modest community could involve groundskeeping, unit renovation, and replacements, such as parking lot asphalt and fencing. Another steep expense is federal income tax - and in some areas an additional state tax on income - but through an innovative study known as cost segregation, the depreciation of property components can be used to help lower federal taxes.
23.	Bookmarks: 0	Why Income Tax Hurt Income Earners And Workers All wealth redistribution comes in the form of the equivalent of tax and welfare. However, you need to be careful. Incorrect taxation schemes can result in less wealth for you. You see, by reading this website I would suppose that you’re poor or middle class wanting to skyrocket your income, right. Rich means owning a lot of money. If you’re poor and would want to get rich, you need to have a lot of income. So will income tax help? No! Abolish income tax.The Peril of Inco...
24.	Bookmarks: 10	Saving Money Is The Slow Path To Financial Freedom Getting a job and not spending all the money each month is the slowest, hardest, and least efficient way to build up a big pile of money. Saving money is a worthwhile net worth building activity, but it doesn’t offer much more than that unless your goal is only to have a little cash at the ever-increasing age of retirement. This is because wages are the most heavily taxed source of income. Income taxes (federal, state, and social security) choke off about 35% of this earn...
25.	Bookmarks: 3	Taxes, Income And Other Ones The story of American income taxes begins 1812.The 1st attempt to inflict an income tax on Americana occurred as a result of the War of 1812. At the end of two years of war, the federal government owed an unbelievable $100 million of debt (in inflationary terms, it probably had the same impact on the treasury as $100 billion debt would today). To pay for this, the government doubled the rates of its major source of revenue, customs duties on imports. This measure obstruct...
26.	Bookmarks: 3	Should You Pay Taxes Or Not? The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt. To pay for this, the government doubled the rates of its major source of revenue, customs duties on imports, which obstructed trade and ended up yielding less revenue than the previous lower rates.And to think that the Revolution was started because of Tea Taxes in Boston?
27.	Bookmarks: 0	Tithing - Giving Money Away To Gain Tax Benefits No good deed goes unrewarded. This is even true as far as the tax man is concerned.As human beings we are compelled to help those who are less fortunate than ourselves. It makes us feel good inside when we are able to help a family in trouble, donate money to the church, or donate our old clothes to the Good Will. But did you know that these acts of kindness can actual lower the amount of taxes that you pay?Tax credits are given by our government to encourage and rewa...
28.	Bookmarks: 17	Graceful Expectations Newsletter #4 - December 29, 2009 In this edition of our newsletter, we feature a video article of Grace Etsuko Lee's radio interview with Rhett Palmer, information on a new computer security issue, Corporate Income Tax Reform, Conversion Processes and Using the PS-FAB Style of Writing with a Long Tail Strategy, Social Media Marketing and Social Media Optimization.
29.	Bookmarks: 0	The 46.3% Marginal Bracket Despite the new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income tax. Those affected are Social Security recipients who have the good
30.	Bookmarks: 0	Is selling a structured settlement a good investment? Before one decides to sell his structured settlement for another investment opportunity; it is worthwhile to consider the pros and cons of such an action. The most important advantages of structured settlements include regular payments that are free from income tax and are secured by state and federal laws.
31.	Bookmarks: 0	Taxing Ebay Part Deux When my column on paying income tax on eBay profits ran it brought a wave of emails on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping that I could somehow validate that their eBay activities were mere hobbies instead of actual businesses and therefore not susceptible to IRS taxation.Several folks argued that just because their little eBay hobby generated a...
32.	Bookmarks: 0	Is Your Ebay Income Taxable? The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they’re hard for the government to track. If you want to be strictly within the law and legit, though, you should be paying tax.Income is Income.If you make money from it, then it’s income – and if it’s income, then it’s taxable. There is a quest...