From the category archives:

Taxes

Should you Itemize or take the Standard Deduction?

by Joe Plemon on February 1, 2012

in Taxes

With income tax filing time upon us,  you need to be asking yourself whether you should itemize or take a standard deduction.  If talking taxes makes your head hurt, I beseech you to stick with me for two reasons:  1) this is simple stuff and 2) understanding these two types of deductions could save you hundreds of dollars on your return. [click to continue…]

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Why America Is Doomed to Debt

by Joe Plemon on November 22, 2010

in Debt,Economy,social security,Taxes

Fixing the national debt is not about politics or economics; it is about human nature.

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Guidelines and Tax Saving Tips Pertaining to Retirement Savings

July 28, 2010

Saving for retirement with specialized retirement plans is an excellent way to build wealth on a tax-free or tax-deferred basis. Considering that most people rely on their tax-deferred retirement accounts as income after they stop working, making a mistake can be extremely costly. Here are some retirement saving tax tips that should help you keep [...]

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Five Upcoming Tax Hikes and What They Mean to You

April 19, 2010

photo credit: alancleaver_2000 I know. Tax season just concluded and the last thing you want to hear about is taxes. I understand, but think of it this way – right now, while this stuff is fresh in your mind, is the best time to start considering what the future holds. So…are you ready?  Take a [...]

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The Fair Tax: Is It Too Good To Be True?

April 7, 2010

Close your eyes and dream for a moment. Ready? OK. The IRS was just dissolved. No more federal income taxes. No Social Security/Medicare taxes either. Or capital gains taxes or gift taxes or estate taxes or self-employment taxes or corporate taxes. Could this ever become a dream come true? If the advocates for the Fair [...]

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Income Tax Basics: They Really Are Simple

September 22, 2009

photo credit: piermario “Where,” you are thinking, “does Joe get the audacity to think he can explain taxes in a few sentences?” Good question, but stick with me. The key word here is “basics”. I believe that if you can understand three concepts: Federal Tax Brackets, Standard Deductions and Personal Exemptions, you can understand the [...]

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