How much tax do you pay? In America, it's typical to pay about 50% if you include your income tax and all the sales tax you pay. Of course, some people pay more, others pay less. Those in poverty often pay little to no income tax, while many rich people evade taxes through legal loopholes in the system. Therefore, the middle class is often left with the bill. I'm not … [Read more...] about Are You Paying Too Much Tax? Tax Rates Around the World [Infographic]
Taxes
Finances Don’t Have to Be Complicated
It happens to everybody. We get our first jobs, we work hard, we excitedly rip into that first paycheck and, as Rachel so famously said on Friends, “Who’s FICA? Why’s he taking all my money?” Congratulations! You’ve just been introduced to taxes! Here’s the good news: for many of you, all of the money that is taken out of your paycheck over the course of the year for federal … [Read more...] about Finances Don’t Have to Be Complicated
12 of the Most Bizarre Tax Deductions Ever [Infographic]
Tax deductions can be weird in the first place, because it's all too common for people to "stretch the truth" about what they actually used for their business and what they are just claiming to reduce their tax bill. This goes beyond the usual meals, vehicles and tools that are often deducted and ventures into the world of deer meat, body oil and cat food. If that sounds … [Read more...] about 12 of the Most Bizarre Tax Deductions Ever [Infographic]
5 Pitfalls of Procrastinating to File Your Taxes (And How to Avoid Them)
This is a guest post by Jason Kane. Read more about him at the end of the post. Write for us. When the calendar turns to a new year, it's time to start thinking about doing your taxes. Many people procrastinate on this process, waiting until close to the April 15th deadline to get going. There are many reasons why it's a bad idea to wait to file. The smart people get … [Read more...] about 5 Pitfalls of Procrastinating to File Your Taxes (And How to Avoid Them)