Taxes

How To Avoid An Audit Based On Discrimination By The IRS

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 […]

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You Can Count On Social Security Benefits In Retirement

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

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Are You Getting Your Money’s Worth For The Taxes You Pay?

One of the reasons why I dislike taxes is because I frequently don’t feel like I’m getting my money’s worth. Let me highlight a short story of absurdity to illustrate a point. There’s been a loose manhole a half block away from my house which has persistently gotten noisier over the years. What once was

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How I Beat Economic Armageddon Using a 1031 Exchange

Armageddon is viewed as a spiritual battle or struggle in the present age between the forces of good. Righteousness, purity and virtue versus the forces of evil. Well, my battle wasn’t spiritual, but it certainly was righteous. It involved saving hard-earned money from the hands of our wasteful government thanks to a 1031 Exchange. Let

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A Look Inside Australia’s Education, Investment, Tax, Healthcare & Retirement System

Australia is one of the richest countries in the world. In fact, the average inheritance in Australia is the highest in the world! How can this be when Australia doesn’t have many world-class companies you’ve heard of? Let’s explore Australia’s education, investment, tax, healthcare, and retirement system. Australia: One Of The Richest Countries In The

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What Is The Average Audit Rate By Income Level?

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

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Tax Rates Based On Work Ethic Shall Fix The World

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

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