DINKs Taxes
We believe that one of our greatest contributions as bloggers is to share our experiences in personal finance, particularly as it pertains to couples. In the taxes department we’ve definitely seen that this has made a difference.
We spent time at first, adjusting to taxes as a married couple. Our first joint tax return was 70 pages, so we definitely didn’t start out on the simple side. We discuss our process for doing our taxes, since we managed to pay only 5.6% for our 2007 tax return, I suppose we were doing something right – thanks to the implications of overseas earned income. We also discuss fun topics like how to spend our recent 2008 tax return.
Tax Tips
Five ways to minimize taxes related to investing, or two easy ways to reduce your federal taxes, thoughts around maneuvering debt for tax reduction, why your effective tax rate is so important, end of year tax tips, how to adjust your tax withholdings, some of the advantages of HELOCs, and understanding marginal tax rates. It is also helpful to factor taxes into your budget, rather than excluding them from this calculation.
2009 Tax Info
Check out the 2009 tax tables, a quick video on 2009 tax changes, 2009 tax credits for home buying, being tax efficient in tough times, going back to the basics in 2009, and tips specific for preparing for the 2009 tax year.
Taxes & Retirement
We still strongly believe that investing in 401(k)s still makes a great deal of sense for tax sheltering, even though there has been debate about abolishing 401(k)s. Also check out why ROTH IRAs are a good way to invest when you doing have much money and when Miel got her first ROTH.
Taxes & Building Wealth
Taxes directly affect your ability to build wealth and are key to successful wealth building. Quite simply it is one of the simple basics to saving money and how Laffer wants to appeal the estate tax.
Tax Resources
You can check out the top ten online tax resources. For the tax minded among us there is now, Tax.com – a website run by the nonprofit, nonpartisan organization Tax Analysts.
Tax Debates
Tax debates are also fun, such as whether there should be mileage taxes or should winning baseballs be taxed.
Family Related Tax Issues
We also look at what to do before thinking about having kids.
Small Business & Corporate Tax
While we focus on personal taxes, we can’t help but contemplate small business and corporate taxes from time to time.
Things to Avoid
Why tax refund anticipation loans are a rip off. We also highly advocate for paying the feds, and the state, to avoid fees and penalties, plus, here are eight signs of a tax cheat. At the same time, James’ libertarian views advise one to say no to new taxes and is interested in the decline of British aristocracy because of taxation.
Taxes & Government
Check out where your tax money is going, or learn why people who pay higher taxes might be happier, or why on the other hand, high taxes suck. Can you imagine, in Singapore there is 200% tax for the purchase of cars.
Current Affair Taxes
Check out current tax related issues like tax protests, politicians not paying their taxes, tax scandals of the rich and famous, if Bono is a tax evader, Wesley Snipes appealing his tax evasion charges, or scandals like Goldman Sachs attempting to hide a month’s worth of income. Plus, Buffet’s wager to Forbes 400 to admit to paying less tax than their secretaries.
Bank One messes up, woman arrested, and Fed sues, and then another guy who fights the IRS and wins.
Important for some is to learn where the 2010 tax hikes will be, which correlates with the richest states in America, and the unequal distribution of taxes by region.
Fun Stuff
Or check out this fun music video about paying taxes.
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