Why a cut in inheritance tax makes no sense and why cutting income tax does
adminI posted this thread on what I still refer to as Twitter, this morning: Of all the taxes in the UK that Jeremy Hunt could cut, inheritance tax is easily…
2024 Tax Brackets and Federal Income Tax Rates
See 2023 Tax Brackets See 2022 Tax Brackets On a yearly basis, the Internal Revenue Service (IRS)The Internal Revenue Service (IRS) is part of the U.S. Department of the Treasury…
Taxation of Capital Income Is Not Race Neutral
The Internal Revenue Code generally does not refer to race or ethnicity, but federal income taxes may contribute to racial disparities when factors that affect tax liabilities are associated with…
Framework for Income Taxation (BEFIT)
On 12 September, the European Commission released a proposal called “Business in Europe: Framework for Income TaxA tax is a mandatory payment or charge collected by local, state, and national…
Moore v. United States: Tax Unrealized Income Case
In 2017, Congress made several permanent changes to the taxation of foreign earnings. These changes included an end to the unlimited deferral of foreign earnings from U.S. taxable income and…
What Is Portfolio Income?
getty For most people, portfolio income is their pathway toward financial freedom. Money saved during the working years can be used to create an investment portfolio that can then generate…
Why Should We Have To Pay Somebody To Help Us File An Individual Income Tax Return?
The growing war between the IRS and the commercial tax preparation industry over the agency’s efforts to create a free, in-house tax filing system got me thinking about a more…
7 Retirement Income Investments for Do-It-Yourselfers
A former coworker once told me how happy he was with his financial advisor. He’s made me A LOT of money! It wasn’t an appropriate time for me to ask…
Income Calculator 2023 – Chime
Banking services provided by The Bancorp Bank, NA or Stride Bank, NA, Member FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank, NA or Stride Bank pursuant…