Taxes

3 Posts in this category
Posted By: CFP&WM On: Nov 6th, 2013 In: Financial planning Money Matters Taxes

Will the New Net Investment Income Tax Affect You in 2013?

The Net Investment Income Tax (NIIT) came about as a result of the government’s health care reform act. The NIIT assesses a 3.8% tax on specific net investment income and went into effect at the beginning of 2013. As the end of the year approaches, it is a good time to determine if you are impacted by this new tax.…

Posted By: CFP&WM On: Feb 27th, 2013 In: General info Money Matters Taxes

Claiming a Home Office Deduction? It’s Much Easier This Year, Here’s How

Ever since the inception of the Internet, home offices have been growing by leaps and bounds; by one estimate more than three million taxpayers can make that claim. While there are any number of benefits to having a home office, one irksome negative was the burden involved in substantiating the home office deduction and the Internal Revenue Service’s complicated and …

Posted By: CFP&WM On: May 20th, 2009 In: Beware - Horror stories Cash-flow budgeting My soap box Taxes

Biggest Ponzi Scheme Ever

For 39 of the past 40 years the US government was allowed deficit spending. Our federal government is providing us with more services than we are paying for. The difference (the deficit) is made up by the US selling more Government Bonds that will be paid in the future by later tax payers.

By definition A Ponzi scheme is an …