It’s Time To Pay Taxes ?? And, Boy, Are People Steamed About The Trump ??tax Cut’ Bill
By: Michelle Singletary - April 12, 2019
The major overhaul of the tax code wasn’t popular when it passed. And based on the postings of many people on social media, it’s still not well liked. A Gallup poll conducted in September found just 39 percent of Americans approved of the Tax Cuts and Jobs Act.
You don't need a tax refund. It feels exciting to get one, but that tax refund is costing you money. A tax refund means you overpaid your income taxes. It's called the time value of money: a dollar today is worth more than a dollar tomorrow. When you overpay your taxes, it means that you gave a free loan to the government and never got paid for it.
Repeal Or Replace: Two Opposing Estate Tax Proposals
By: The Wealth Advisor - April 08, 2019
(The Hill) -- Reform of the federal estate tax is incredibly popular, though there is no consensus on the direction of the desired change. In a recent survey, 50% of Americans supported Sen. Bernie Sanders’ (I-Vt.) proposal to lower the estate tax exemption to $3.5 million per person.
Generate Retirement Income With A Split Interest Charitable Trust
By: Frank Armstrong - April 05, 2019
Here’s a little tax magic to augment your retirement income. This works for people with a highly appreciated asset that they would like to convert to a lifetime income and also down the road benefit a favorite charity: The split-interest trust.