Archive for the 'Government' Category

Congress allowed self-employed people who otherwise couldn’t deduct the cost of medical insurance to do so in 2011. Unfortunately, unless something is done, they’ll lose the right to do so in 2011 and beyond. It really needs to be made permament! Will you miss out because this law expires? Read more

Here’s a slideshow on what they call the 12 Craziest Tax Laws. 1. On Maine Wild Blueberrys 2. Hawaii’s Exceptional Tree Tax Deduction 3. Maryland’s “Toilet Flush Tax” 4. Oregon’s $50/year Tax Credit – for certified loss of use of two limbs (is it so that tax preparation fees won’t cost you “an arm and [...]

Self Employed and Work at Home people have a major need to protect themselves in the event they get sick. Depending on your health plan, sometimes it can cost up to 33% of your effective salary (or more!) . In other words, your earnings are $30,000 but your health insurance (before deductibles, etc.) costs $10,000 [...]

Check it out at Fiscal Times Self Employed Businesses handling lots of cash with no withholding or 3rd-party reporting (e.g. 1099′s) Higher income brackets in general (esp. $1 million or more) Foreign income High value “donations” that are hard to document (in kind or tangible gifts vs. dollars) You use a shady tax preparation firm [...]

Only take these tax deductions if you crave the rush of going one on one with the IRS – some people do crave such rushes  you know. You can read the whole article at Kiplingers at the courts decided did not quite work. As secret agent Maxwell Smart would say, “Missed it by that much!” Overdone [...]

The reason I’m linking to this page called How Socialism & Capitalism Can Produce The Same Dangerous Effects is to caution us all about trends that continue to attack the right of self-employment in the United States. It’s sad to say… we’re supposed to have a “Free Market”. But as we see in Barry Lynn’s [...]

With all the hubub about “Sarah Palin’s Alaska” being on TV, along with Palin as a media and political personality in her own right, I began to wonder if people would like Alaska style taxes down here in the “Lower 48″? Just imagine… if the US had the same kind of tax structure as Alaska, [...]

Consider this a historical “blast from the past”. Henry George was an American economist. Except unlike most ivory tower economists, he’d pulled himself up from poverty and rose through the ranks of the news industry when California was experiencing the Gold Rush. This is a quote I found from him on the topic of the [...]

Some dastardly criminals were finally apprehended…. those nefarious people who dared to hold a garage sale without purchasing a $5 “license” in Logansport, IN and for posting “Illegal Signs”. The fine for having a garage sale without the $5 license is $10. Plus there’s a fine for the signs…$100 per sign up to $300. Most [...]

The economy is still going through it’s convulsions. Are you in danger of foreclosure? The American Residential Law Group is available to help you with a free consultation if you are in financial need. As their name suggests they specialize in areas such as foreclosure prevention, foreclosure litigation, and overall consumer rights. They have to [...]