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How a Dead Guy Is Making Sure You Don’t Cheat on Your Taxes
By Jeff Cooper I’d be willing to bet most of us have no idea who Frank Benford is, but he’s certainly keeping an eye on you. Every year millions of people around the world need to file their taxes...
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How Families Are Spending the Expanded Child Tax Credit
By Neil Schoenherr-WUSTL Families are using the money from the credit in a variety of ways, depending on household income and job circumstance, the survey results show. “Even before the pandemic,...
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What’s the Difference Between a Waitress and a Private Equity Partner? (Their...
By Dean Baker If the waitress works in an upscale restaurant and earns a decent living, there is a good chance that she is paying a higher tax rate than a private equity partner. The reason is that...
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Roth IRA vs. 401(K): Which Should You Choose?
By Jeff Cooper The Roth IRA and 401(k) are two of the most popular retirement accounts. Choosing which strategy is best for your circumstance can be a tough decision. This article will compare the...
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It’s Time to Teach Teenagers About Taxes
My 16-year-old daughter held her W-4 inches from her face as she read the super fine print. With all the boxes and symbols that looked like hieroglyphics, she turned to me as if I were the Rosetta...
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Price Limits, Vouchers, and Tax Cuts: Unlike Austria, Most Governments Are...
By Kontrast.at Energy prices are going through the roof. But for the first time, the Austrian government did not decide on anything at the energy summit. Many other European governments have already...
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Taxing Legal Weed Could Pay for Mental Health Care
By RACHEL HARRISON-NYU When buying alcohol, tobacco, or gasoline, US consumers pay excise taxes, or levies on specific products above and beyond a sales tax. Governments sometimes put these taxes in...
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Wyoming Noticed More in Taxes Than Jobs in June as Inflation Spikes
— Wyoming’s living expenses and taxes rose at the fastest yearly growth in 40 years in the second quarter of 2022. The Wyoming Division of Administration and Info (WDAI) credits the rise to the...
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Does Your Business Need Tax Preparation Services?
— Tax preparation is not a cup of tea for everyone. You need great skills and knowledge for the successful filing of tax returns devoid of any errors. Most importantly, your business tax returns must...
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Nobel Prize Winner Stiglitz Wants 70% Tax on Top Incomes
By Kontrast.at Nobel Prize winner Joseph Stiglitz is concerned about increasing social inequality in the world. The gap between rich and poor is widening. To reverse the trend, he calls for the...
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$1 Trillion in the Shade – The Annual Profits Multinational Corporations...
By Ludvig Wier, University of Copenhagen and Gabriel Zucman, University of California, Berkeley About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’...
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You Can’t Hide Side Hustles From the IRS Anymore – Here’s What Taxpayers Need...
By Erica Neuman, University of Dayton Do you rent out your home a few weekends a year through Airbnb? Sell stuff on Etsy? Get paid for pet-sitting? If you, like many Americans, make at least US$600 a...
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Don’t Miss the Deadline: A Complete Guide to Company Tax Returns
— This content is for informational purposes only and is not intended to provide legal advice. If you own a company, you must pay a yearly profit tax. Filing company tax returns can be daunting,...
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We Received a $600,000 Inheritance: Now What?
Hi Jesse – my husband and I just received a $600K inheritance. We earn modest incomes and live modestly and don’t know what to do or how to best handle this money. We still have about $40K of student...
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The Tax Reality: What to Do When Faced with a Sizable Property Tax Jump
— This content is for informational purposes only and is not intended to provide legal or financial advice. Property taxes constitute a significant financial burden for homeowners, and an unexpected...
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Our Richest Can Move to Avoid Taxes. But Can They Hide?
By Sam Pizzigati Jeff Bezos is moving. The second-richest human being on the face of the Earth — with a net worth of some $166 billion — has been calling the Pacific Northwest home for quite some...
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Sugary Drink Purchases Fizzled After Tax
By UC BERKELEY Although other studies have evaluated the impact of sugary beverage excise taxes, taxes on a per ounce basis, in a single city, this is one of the first that estimates the impact of...
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Understanding the Importance of Hiring a Tax Lawyer
— This content is for informational purposes only and is not intended to provide legal advice. Tax matters can be a labyrinthine landscape, and without the proper guidance, individuals and businesses...
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Should You Consider Roth Conversions?
I grew up east of Rochester, in Upstate New York’s apple country. New York produces ~30 million bushels of apples per year, second among the 50 states (behind Washington). But apples start to rot 5-7...
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The Powerful Benefits of Roth Conversions
After I wrote a simple primer on Roth conversions a couple weeks ago, several readers reached out asking for more details. A few specific snippets of those questions include: I see many articles like...
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