In a great display of public income profiling, the IRS highlighted during the Obama administration they are increasing their audit rates for income levels above $200,000. If you study the chart carefully, you will see that after $200,000, your audit rate percentage goes up anywhere from 3X to 30X the average audit rate for those […]
What Is The Average Audit Rate By Income Level? Read More »
The coronavirus pandemic devastated our economy and caused tens of millions of Americans to become unemployed. A Financial Samurai reader shares what it was like being unemployed during the previous financial crisis. This Is What It’s Like Being Unemployed My name is Rachel, and I was unemployed for just a bit more than 6 months
What’s It Like Being Unemployed? Read More »
There is no doubt San Francisco Bay Area real estate, specifically real estate on the Peninsula and in San Francisco is strong. There’s also been a huge push to provide tax incentives for high tech companies to set up offices in San Francisco. You should ask yourself: Should I sell my house now? With so much
Should I Sell My House Due To The Facebook Effect? Read More »
Ever wonder how to get Republicans to donate more to charity? I figured a way out way back on March 17, 2012. Now that Joe Biden is President, there will likely be higher taxes and more effort to work across the aisle. Let’s go back in tim. I’m confused and I need your help! There
A Grassroots Way To Get Republicans To Donate More To Charity Read More »
Eventually, you will come across a greedy banker or thoughtful banker when doing any type of business. Let’s discuss a banker’s sentiment, because often, the people in finance are unfairly stereotyped as bad people. My friend is leaving his job of the past five years to work on his own start-up. When he got an
Greedy Banker or Thoughtful Banker? Read More »
There might be a new way to wean car addicts off their car buying behavior. That way is to simply have them experience a day at the DMV. Recently, I had the pleasure to go to the DMV and re-register my car because I never got the tags in the mail. Apparently State documents cannot be
Unfun Times At The DMV: Things To Bring And Do Before Arriving In Hell! Read More »
The following is a guest post from Steve the Money Infant, which no longer exists. But it is a great post about the real meaning of wealth. Do you think you are wealthy? In fact, what is wealth really? The Free Dictionary defines wealth as follows: Most Common Meaning Of Wealth I think that many
What Is The Real Meaning Of Wealth? Read More »
Lucky Amanda Clayton, 24, recently won $1 million dollars from the Michigan State lottery. The interesting point about Amanda is that even after winning the lottery, she is still using her “Bridge Card” for food. The Bridge Card is essentially a $200 a month state funded food program (food stamps) for people who have lost
Would You Accept Government Food Assistance If You Won The Lottery? Read More »
I want to fix America and make things better for our children. We cannot fix anything through complaining. Instead, solutions must be made and implemented. Of course no solution will be perfect, as there will always be a group of people who feel unduly hurt by new proposals. That said, during tough times, tough choices
Tax Rates Based On Work Ethic Shall Fix The World Read More »
If you’re like most people, you love going on vacation! After taking 5 weeks off from 2007 to 2009, and 6 weeks off in 2010 and 2011, followed by 10 weeks off in 2012, 2013, and 2014, I fancy myself as a “certified vacation expert”! Now, I’m on permanent vacation as an early retiree. You
How To Always Feel At Home While On Vacation – Never Feel Homesick Again! Read More »
