Is it possible to pay $0 in taxes on a six-figure income? Yes it is and here is how you do it.
The tax system is setup to reward those that save. But half of the country doesn’t have any money saved so that is a tiny problem. However, if you are willing to put money away you can cut your effective tax rate down to a very low level. I know this seems absurd but it […]
A recession is imminent: 5 charts signaling an oncoming recession. The market is overheated with debt and the public is anxious about the economy.
A recession is imminent and millions of Americans already live in an economy that feels like it never left the Great Recession. Low paying jobs seem to dominate this weak recovery. Younger Americans are realizing that they may not have it as good as the baby boomer generation where good paying jobs were plentiful and […]
The largest bracket of tax payers in the United States is made up by those making $15,000 a year or less: Half of all federal taxes paid by those making $250,000 or more. Sample $50,000 budget.
New IRS tax filing data sheds an interesting light on the American economy. Americans for the most part comply with paying their taxes as measured against other countries. However, when we look at tax data we get an interesting picture on the low wage economy. As it turns out, the largest tax bracket comes in […]
The Great Income Divide: IRS data shows 50 percent of households make less than $35,000 per year. Top 10 percent pay 68 percent of income taxes.
A major theme throughout 2013 revolved around a booming stock market and real estate sector. Alongside this theme however was also the one of growing income inequality. The stock market generated one of its best years but only a small portion of the population benefitted since most Americans do not own stocks outright. The real […]