Taxes« Previous Entries
I Found this on facebook and thought it was pretty funny: Sadly, a lot of people don’t realize it’s their own money and instead treat it like found money.
So, I’m working on our taxes today (yeah, I know I’m procrastinating). I’m entering information from my wife’s W-2 and notice a new box that I didn’t have to report last year: DD – Cost of Employer-Sponsored Health Coverage I got a sinking feeling in my stomach that eventually this is going to be used [...]
If this doesn’t concern AFM readers, I don’t know what will: Consumers are already familiar with Internet “cookies” that track their movements and send them targeted ads that follow them to different websites. The IRS has brought in private industry experts to employ similar digital tracking–but with the added advantage of access to Social Security [...]
Where does it stop? Obama budget to take aim at wealthy IRAs From the article: Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year. I’ll look more into this later.
I used to do my taxes early. This was back in the days when we might be recipients of a refund. But, the last several years, our taxes have increased and now I find myself putting off calculating them as long as I can. I HATE FIGURING MY TAXES (but I’m too cheap to pay [...]
From Tony Romo New Highest Paid NFL Player After Taxes: Over Easter weekend, franchise quarterback Tony Romo signed a 6-year $108 million contract extension to remain with the Dallas Cowboys. While the estimated $18 million per year makes Romo the fifth highest paid player based on salary, he is actually the new highest paid player [...]
Interesting piece by John Steel Gordon in today’s WSJ: One of the artifacts of the tax code is that it treats “carried interest”—a share of the profits reaped by managers of an investment fund—as a capital gain. To most of us, this is a matter of little or no practical importance—but it is a big [...]
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