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Why Doesn't Anyone Feel Remorse When it Comes to High Earners and Income Taxes?

remorse Alternate

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

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A List of all of Obama's Proposed Taxes

obamas taxes

I have never hidden my disdain for big government regardless of what political party is in charge.  I am a libertarian at heart, but only in moderation, of course.  So I got excited when I saw a post by, Executive Vice President of The Cato Institute, David Boaz, titled, “Democrats’ Voracious Search for New

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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

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Forget the Federal Estate Tax, You May Need to Worry About State Estate Taxes!

DeathTaxes

Almost every single day, I have to explain the Federal Estate Tax. The people I have to explain the federal estate tax to are not tax professionals, they are either financial advisors, other attorneys, or successful business owners. So, needless to say, I better explain estate taxes from 30,000 feet above. The details do

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A simple Tax Forward Turns into an E-Mail Battle!

email forward

I don’t usually pass on forwards, but I loved this one! It actually caused an uproar between me and my wife’s aunt, who I don’t know that well. For laughs after the forward I will post our conversation!

Tax Poem:

Tax his land, Tax his bed,

Continue reading A simple Tax Forward Turns into an E-Mail Battle!

2008 Taxes Update - Taxes are E-Filed; What I am doing with the Refund?

refund

I previously discussed the items one should bring to a tax appointment so I figured I should give my readers an update as to what happened.

Our Meeting with our “New” Accountant

The wife and I met with an accountant which came highly recommended by a co-worker.  The meeting went well, and he was

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Tax Mechanics of Intra-Family Loans

This post was inspired by a post titled, “Lending Money to Family and Friends” on a great blog fivecentnickel.  It was written by Laura from Green Panda Tree House, who was nice enough to choose my article on Law of Diminishing Marginal Utility for the Carnival of Personal Finance #196 Edition.

What are the

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Meeting my CPA Tomorrow - What Should You Bring when Meeting to do Your Taxes

CPA

Well technically, since I am writing this post-12am on Sunday night/Monday morning it is today, but lets ignore that for now.  Weather permitting (anyone else out there on “the island” getting nailed by snow?), the Wife and I are meeting with our accountant/CPA that was recommended by a co-worker, and I need

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Advantages of Using a Prepaid Credit Card

There are many benefits to using a prepaid credit card.  A prepaid credit, also known as a secured credit card  is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.”

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