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 from the...
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 their...
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 decide not...
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 these...
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 why. We’re...
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 judgments...
Perhaps you’ve heard of the saying that you get more the more you give. Put another way, the more money you give away, the more money you get. Isn’t that a strange notion? Do you really believe it? Let’s present a case to examine. John D. Rockefeller He was one of the first to...