Taxes | My Journey to Millions

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Tag Archive: Taxes

You Have Absolutely No Patriotic Duty To Pay High Taxes

Written by Evan on January 19, 2012 in Rant

I don’t want to pay higher taxes then what the law mandates. In fact a large part of my day is spent helping people plan for the Federal and State Estate Tax and I love my job. I am not sure why I get so excited helping people plan to lower their tax bill. If…

Evan 17 Comments - Leave a comment!

Differences Between Nontraded REITs and Exchange Traded REITs

Written by Evan on January 9, 2012 in Investments

Outside of investing a small percentage of my bi-weekly 401(k) contributions into a Real Estate Investment Trust (REIT) Fund, I have very little personal experience investing in these interesting vehicles, however, when I saw a FINRA Investor Alert I was curious what it had to say. The FINRA Investor Alert was titled, “Public Non-Traded REITs…

Evan 10 Comments - Leave a comment!

Why the Hell are There New Active Public Pension Plan Participants?

Written by Evan on January 4, 2012 in Rant

I was talking to a buddy the other day and somehow the discussion of public employees came up, and we asked ourselves the same exact question at almost the same exact time: Why in the hell are new public employees still able to join State backed defined benefit pension plans? First and foremost, I am…

Evan 26 Comments - Leave a comment!

Income Tax Planning for Savings Bonds

Written by Evan on August 31, 2011 in Taxes

US Saving onds I can’t believe it was almost three years ago that I researched Estate Planning and Savings Bonds, wow time flies! Notwithstanding, there are various tax strategies when dealing with your Savings bonds. The first has to do when you should “choose” to pay tax on the interest gained and the second has…

Evan 5 Comments - Leave a comment!

A Nasty Side Effect of Switching Brokers – Lost Cost Basis Information

Written by Evan on June 21, 2011 in Investments

I found out a terrible and time consuming problem when I was forced to switch from TradeKing to Fidelity my cost basis does not always transfer! Imagine my surprise when I signed into my fidelity account and found all my stocks moved over from my mostly dormant TradeKing account, but no Cost Basis Information! Why…

Evan 15 Comments - Leave a comment!

What is the Difference Between Marginal and Effective Tax Rate?

Written by Evan on June 6, 2011 in Taxes

I am often surprised how many people don’t understand how the United States Income Tax system actually works, but on the surface it is a really simple system. Like anything else, once we get deeper it becomes a bit LOTS more complicated. However, when someone says, “I don’t want to make more money than $X because…

Evan 8 Comments - Leave a comment!