What is The Average Tax Rate in The US

What is The Average Tax Rate in The US

Knowing what the average tax rate is in the United States seems like an easy question to answer right? However, the U.S. progressive tax system makes it difficult to pin down what an ‘average’ taxpayer pays yearly on taxes. Taxes can be difficult but, here’s a guide...
How To Get Tax Relief From The IRS

How To Get Tax Relief From The IRS

Navigating the IRS and tax laws is no easy task. If you owe the IRS back taxes, interest or IRS penalties you may be in a lot of debt for your taxes. To make the situation even worse, tax lawyers are often expensive.  These lawyers tend to charge a large amount for...
Who Can Do My Taxes for Free?

Who Can Do My Taxes for Free?

It’s an acceptable fact that no one enjoys paying taxes. It’s not just complicated but can also be expensive. Tax professionals don’t come cheap and unless you know how to do proper tax filing, you may have to concede to the idea of hiring their service. And if you...
10 Small Business Tax Deductions You Should Know

10 Small Business Tax Deductions You Should Know

While paying taxes is mandatory for all businesses, regardless of size, small businesses have several advantages that medium and large-sized businesses do not have. One of them happens to be tax deductions. Surprisingly, not many small business owners are aware of...
Why Do Some States Have No Income Tax?

Why Do Some States Have No Income Tax?

Tax season just ended, and now there is more time to question tax practices throughout the country.  One of the most interesting tax facts to note is that some states don’t have any income tax whatsoever.  And that fact might leave you shaking your head and asking...
Will Lady Justice Come Down on the IRS?

Will Lady Justice Come Down on the IRS?

Lady Justice symbolizes the moral force in the judicial system. She carries a set of scales that balances truth and fairness in one hand, and a sword of power in the other. She is often depicted blindfolded, showing that she is no respecter of persons, but deals out...