Here are Justice Anthony Kennedy’s words after the Supreme Court voted on June 26, 2015 that same sex couples have a constitutional right to wed. Justice Kennedy was the swing vote. No union is more profound than marriage, for it embodies the highest ideals of love, fidelity, devotion, sacrifice, and family. In forming a marital […]
Gay Marriage Rights, Financial Benefits, And Tax Penalties Read More »
If you are making a six-figure income or seven-figure income, congrats! It’s a great achievement to earn over $100,000 a year. However, there are tax penalties for high income earners that you should be aware of. For example, you must pay a 6.2% Social Security tax for the first $168,600 as of 2024. Plus, 1.45%
Tax Penalties For High Income Earners: Net Investment Income, AMT, Medicare Read More »
In what could be the most amazing tax move ever, a Georgia woman filed a $94 MILLION tax refund! You have to make over $1.6 billion dollars in income to pay $94 million taxes with Georgia’s 6% state income tax rate. Sure, it’s possible to make $1.6+ billion dollars, but probably not by this woman. So
The Largest Tax Refund Request Ever! Plus Tax Tips For Small Business Owners Read More »
The following is a guest post by FS reader, Jamin Eberhart on your largest ongoing living expense. He received his MBA, worked in biotech and now consults for biotech companies. He is extremely focused on building his freedom fund, and struggles just like me to find the right balance between living it up and being fiscally responsible.
What’s Your Largest Ongoing Living Expense? Taxes Of Course! Read More »
I was invited to join the TaxACT How I Save blog tour which shares ways to increase your savings. Last year, TaxACT saved America over $240 million on tax preparation. The personal savings rate in the US could be better. And it is my hope in spreading knowledge on personal finance topics that more Americans will take better
Increase Your Savings By Identifying Specific Reasons To Save Read More »
Are you trying to decide if you should do your own taxes or hire a professional instead? Every year I use TurboTax software to do my own taxes and encourage others to do the same. Yet every year someone scoffs at me for spending a couple hours of my life learning, understanding, and optimizing my
Why You Should Really Do Your Own Taxes Read More »
Raising taxes on the rich is going to be a common theme over the next several years. With Joe Biden as President, he plans to raise taxes on households making over $400,000. If you’re a household that’s stressed out and struggling, despite making an almost top 1% income, make you should take it down a
Dealing With The Guilt-Joy Of Raising Taxes On The Rich Read More »
It should come as NO surprise to long time Financial Samurai readers that the IRS admitted to targeting conservative groups since Obama became President. The government already discriminates against those who make over a certain amount by charging higher taxes even though they already pay for the majority of all taxes. Meanwhile, the deductions and
How To Avoid An Audit Based On Discrimination By The IRS Read More »
Despite mentally writing off the value of my Social Security benefits, in the bottom drawer in the way back of my cob-webbed mind, I know it will be there to fund my early bird special seafood buffets when I’m retired. Sure, the eligibility age for withdrawal might rise from 62 to 67, but we’re all
You Can Count On Social Security Benefits In Retirement Read More »
Are you looking to raise the rent to earn more money? Over time, if you don’t raise the rent with inflation, you will find your unit undercharging. This creates economic loss as a landlord. Therefore, as a landlord since 2005, let me show you how you can raise the rent in a fair and smart
How Landlords Can Raise The Rent Without Feeling Guilty Read More »
