We all have to deal with taxes. Or we can go to jail. Here are how various taxes work, how you can begin to minimize your tax burden, and hopefully enough tax knowledge to keep the IRS from knocking on your door.
Sales tax. Another way that the government takes their pound of flesh from us. Don’t get me wrong, I don’t mind paying taxes. I just wish that the government (federal, state, or local) would spend our tax dollars appropriately instead of wasting the money like they do. But I digress. Read more…
Property tax is one of those taxes that I have mixed feelings about. On one hand, the causes that this tax goes to are beneficial and necessary for a community. But on the other hand it is just one more way that our money slips through our fingers to the Read more…
Estate tax is one of those taxes that most people think will decimate their money, belongings, and stocks when they die. However, estate tax does not affect very many people anymore. Let me explain both what this is and how it works. What is Estate Tax? Estate tax is the Read more…
No one likes paying taxes. But if you are going to pay taxes, you might as well try to pay as little as you can. That is why the capital gains tax is so awesome. Let me explain how it works. What Are the Different Ways You Can Be Taxed? Read more…
No one likes talking about tax. However, they are one of the things in life that we cannot seem to avoid. While there are several different types of taxes, let me explain how income taxes work. This type of tax is generally the largest most of us will pay. Let’s Read more…
Taxes. No one likes to talk about them. Especially if you own your own business. But if you do then you need to know about the self employment tax and how it works What is the Self Employment Tax? In order to know what the self employment tax is we Read more…
No one likes talking about taxes. But unfortunately they are a necessary part of our lives.There are ALL KINDS of taxes out there. And one of them that we all have to pay if we have a job is the FICA tax. What is the FICA tax? FICA is an Read more…
A lot of us get tax refunds in the spring every year. For a lot of us also, that can be a really large windfall of money. Whenever you get a windfall of money you really want to make sure that you use it responsibly. So what would I do Read more…
Taxes. Yuck. No one likes taxes. But unfortunately, they are a part of life no matter where you are or your situation. But a lot of people don’t really understand how tax brackets work. A lot of people might be afraid to get a raise because it will move them Read more…