2009 Tax to 2017 Tax

Free Tax Filing Options – Investment Rates

Should the Wealthy Pay More Taxes?

Our president, later last year, unveiled a new method that he believes will help to increase the revenue to the treasury. The tax plan, designed to tax the wealthy to a greater extent than anyone else  is vaunted by some as being the answer to the prayers of the Treasury Dept., while being denigrated by others as being little more than class warfare promoted by the government.

The core component of the plan and the hype that the government has created to promote it is the ideology that the revenues and the taxation should be given–(a quote from an old … Read more at 2009 Tax.

Early Bird Gets the Worm: Planning for Retirement in Your Twenties

Thinking about the time when you give up work can never start too early. When you’ve just hit twenty and you’ve been given your first job, thinking about the end of your career is the furthest thing from your mind. Contemplating the end, however, will allow you to take a proactive role in planning for retirement. And maybe allow you to be a grooving granny with cash to burn.

How to go about planning for your retirement

There are certain points that you will need to consider when implementing a plan to cover yourself later in life.

Firstly, before … Read more at 2009 Tax.

Discharging Tax Debt Through Bankruptcy

Filing for bankruptcy can be an effective way to get out of debt and get started rebuilding your financial life. While bankruptcy can provide quicker relief than other options such as debt settlement or credit counseling, some debts are ineligible for discharge. When dealing with tax debt, it can be difficult to get a discharge for it through bankruptcy. While it is possible, you’ll have to make sure that you meet certain standards. Otherwise, your tax debts may remain even after you file for bankruptcy.

Tax debts are subject to specific rules that must be met before they can be … Read more at 2009 Tax.

A Candidate’s Offshore Tax Havens

Stories of offshore tax havens belonging to Mitt Romney have been causing a stir in the news media. Several sources such as Reuters and the Washington Post have unearthed troublesome material in the candidate’s most recent tax returns. Reuters journalist Sam Youngman reports that Romney may have sheltered offshore bank accounts as a result of his business dealings with Bain Capital. Youngman’s published findings do imply this information, though his actual wording is somewhat vague.

Romney has amassed a large fortune due to investments in several dozen funds with ties to this private equity firm that he helped … Read more at 2009 Tax.

Dealing with Social Security Uncertainty

Recent reports published in Daily Finance suggest that the Social Security trust fund is going to begin its collapse around the year 2036. This means that you have about 24 years to adjust your planning and savings to compensate for this problem. This really is adequate time for most people to figure out how to make up the difference between what Social Security promises and what it will be able to deliver.

Tip #1 – Understand the Predictions

Before you panic you need to understand what the predictions about the Social Security trust fund are and how they will impact … Read more at 2009 Tax.

Top Tax Reduction Methods

Borrowing Against Shares

This method of borrowing allows share holders to realize the value of their stock market positions as cash, without incurring capital gains tax. It works very simply; rather than selling their shares, the holder can get a cash loan for their equivalent value, using them as collateral. By buying ‘puts’ and ‘calls’ for the shares they can ensure that they can be bought or sold later at a set price, offering protection against any depreciation that may occur.

The holder then has the cash available to do with what they will. If they don’t repay it, … Read more at 2009 Tax.

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