One of my favorite sites, The Tax Foundation, had a phenomenal couple posts about Maryland’s so-called Millionaire Tax. The two main posts are, Maryland’s Millionaires Missing After Tax Hike and Maryland’s Lawmaker Proposes making Millionaires’ Tax Permanent. Maryland, like many other States out there are hurting for cash, so what else can a state to… Continue Reading
Category Archives: Taxes
Why Doesn’t Anyone Feel Remorse When it Comes to High Earners and Income Taxes?
A bad ass blogger, Financial Samurai, made a comment on my blog today that really got to me. His comment was in response to my post Listing Most of Obama’s Proposed Taxes. Sam, as his random blogger buddies who live across the country call him, said, It’s one of those things where one should recognize… Continue Reading
Long Term Care Insurance May be Federal Income Tax Deductible
I have discussed in the past that Long Term Care Insurance may be state income tax deductible, but I have never really went into the federal tax aspects Long Term Care Insurance. Luckily, I don’t have to. Every year there is an update released by The Corporation for Long-Term Care Certification. http://myjourneytomillions.com/2010_One_Page_Tax_Summary.pdf My Opinion of Long… Continue Reading
There are Many Ways to Commit Tax Fraud
Most people assume that the only way to commit tax fraud is not to pay it or to lie on those documents. However, in New York, and probably most other jurisdictions, there are numerous ways to commit tax fraud. Like the Federal Government, and most other States, New York is short on tax revenue and in… Continue Reading
Want to See Your Marginal Tax Rate if Health Care Surtax Passes?
It almost seems inevitable at this point in our history that marginal tax rates will increase. Now, they (read: government) wants to start charging a surtax? I am not sure why it is called a surtax rather than just calling it what it is – an increase of your income taxes. The Tax Foundation is… Continue Reading
The IRS Produces Videos for the Deaf in American Sign Language (ASL) to help them Understand Recent Tax Changes
When I discussed the best cell phone service for deaf or hard of hearing people I mentioned that my brother was deaf (yes, I know Sign Language). So, whenever I hear something about deaf life or culture I have more than a general interest. So, thanks to Kay Bell of Don’t Mess with Taxes for… Continue Reading
