Trump’s new spending bill has passed both the Senate and the House and was signed into law on July 4th. If you are a Senior Citizen you might be wondering how this law will affect your taxes.Â
Big New Tax Deductions for Seniors and Others in 2025 Read More »
Almost no one believes that government waste is a good thing. But the devil is in the details when it comes to deciding what actually constitutes “waste”. Suddenly, no one wants their pet project cut. The  Government Accountability Office (GAO) lists thirty-seven government programs that are considered highly vulnerable to fraud, waste, abuse, and mismanagement.
The Real Effects of Cutting Government Waste Read More »
It seems pretty obvious that when the economy is weak individual’s earnings go down, and unemployment goes up, consequently tax revenues go down. After all, if people aren’t making any money they can’t give it to the government. So, it seems logical to ask about falling tax revenues and rising deficits. In today’s article, Ryan McMaken looks at the current situation.
If the Economy Is So Great, Why Are Tax Revenues So Weak? Read More »
When Congresswoman Marjorie Taylor Greene called (again) for “national divorce” this week, a common retort among her detractors on Twitter was to claim that so-called red states are heavily dependent on so-called blue states to pay for pretty much everything. Reporter Molly Knight claimed, for example, that “Red states get their money for roads and cops and schools from blue states. You cut off that gravy train and you e [sic] got a third world country.”
Do “Red States” Ride the “Blue State” Gravy Train? Read More »
This reminds me of the story of an an old sharecropper who was given the deed to a house free and clear with no mortgage. He said he didn’t want it. Instead he wanted a mortgage. When asked why he said once his brother had the deed to a house and the bank had the mortgage
Property Rights and Property Taxes—and Countries That Don’t Have Them Read More »
Many people dream of retiring at the earliest possible date with the expectation that their investments will provide them with a steady income for the next few decades. But as soon as they put in their papers and go to collect their last paycheck, they might be surprised at how much of a chunk of their retirement income Uncle Sam takes out. No matter how you invest your money, you can be sure that taxes will take away a considerable portion of your personal finances. There are a few ways to mitigate these losses, depending on how you invest your money and how much liquidity you want on hand for retirement.
Retirement Investments Affected By U.S. Taxes Read More »
Estate planning is always evolving before our eyes. Tax laws change from year to year and laws passed in 2012 have carried an abundance of consequences. Obviously the more money you have the more significance estate planning tends to carry.  How should we go about estate planning in this restructured environment?
Trends: Estate Planning Changing Read More »
In the current tax season, one of the greatest challenges of business, especially in the US, is the inevitable tax increase especially since the government is likely to implement the increases hand in hand with government spending cuts. This situation is causing a high level of uncertainty in business taxes and could potentially have significant repercussions. In view of the uncertainty in this tax season, it is also important for you to understand how various factors may affect your business’ bottom line.
New Factors Affecting Your Business this Tax Season Read More »
Tax Deferred Retirement Income Being able to live a comfortable life once you retire is easier said than done in today’s economy. Many people who thought they were going to be able to retire were caught off-guard when the financial markets took a turn for the worse. While there are many different investing strategies that
Tax Deferred Retirement- 401k, IRAs and More Read More »
By Jeff Clark, BIG GOLD My local newspaper ran a story about the escalating battle between Amazon.com and the state of California. At issue is the collection of sales tax: Governor Jerry Brown signed a law requiring online retailers to collect state sales tax on purchases made by CA residents. Before the ink dried on
Amazon vs. City Hall Read More »
