Category Archives: Income Tax

Income tax related posts

Median income, a false statement perhaps

I think that the statement that one is above or below the median income, can be a very deceiving way to view things. It is one measure – no doubt a good comparison like the traditional thought of tax paid … Continue reading

Posted in budget, economics, Income Tax | Tagged , , | 1 Comment

Website finally starting to generate more AdSense revenue

My website was finally starting to pick up it’s AdSense revenue. While I was a little surprise by the amount it went up, it almost falls inline with the fact that I’ve added 3 AdSense entries onto the website this … Continue reading

Posted in CustomerService, Income or Pay | 1 Comment

Your biggest expense should be you!

Your biggest expense should be for your future self for the first 5 years. The younger you are, the easier and better it is for you to take 50%-60% of your paycheck and put it away. Imagine being 19, 20, … Continue reading

Posted in budget, budgeting, Financial Arsenal, financial directive, Goals, Income Tax, networth, Retirement Savings, spending plan | Tagged , , , , | Leave a comment

Pay less taxes than you put into an IRA

Let’s see how a person could pay less taxes than they put away into an IRA (or 401k). We will use a simple scenario of a single person with a gross income (including interest earned) of $29,500 or less. You … Continue reading

Posted in 401k, Financial Arsenal, financial directive, Income Tax, IRA, thrift savings plan, tsp | Tagged , , , , , , , | 1 Comment

To curb retirement tax breaks for the rich or not

Here is a CNN Money article that asks if President Obama is trying to curb retirement savings tax breaks for the "rich". I have to agree with the writer when she speaks about the purpose of the myRA accounts that … Continue reading

Posted in Income Tax, Retirement Savings | Tagged , , | Leave a comment

The Feds increase minimum wage again

It seems that every so often in the current administration, that they keep wanting to increase minimum wage again. This time is no different. I believe that there would be benefits to increasing it, but only if certain conditions would … Continue reading

Posted in Income or Pay, Minimum wage | Tagged | Leave a comment

Tax year 2014 tax limit guidelines

There are always limits that the IRS places on various items in your financial arsenal, and this post is meant to be a brief summary of the 2014 tax limit guidelines. The list below is only meant to be brief … Continue reading

Posted in 401k, Financial Arsenal, Income or Pay, Income Tax, IRA, Roth IRA, Social Security, Tax guidelines | Tagged , , , , , , , , | 1 Comment

Tax season quickly approaches, have you checked your situation out

Now that we’re winding down the year, it’s getting closer to tax season. So in honor of that upcoming event, I thought I’d write an article regarding your W-4 and whether you may want to adjust it accordingly. That is … Continue reading

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Fill out your W4 Withholding Allowance Certificate

Can you claim more allowances when you fill out your W4 Withholding paperwork than you do on April 15th? The answer is yes. Can that result in an increase in the money you get back during the year? Again the … Continue reading

Posted in financial directive, Income or Pay, Income Tax, Retirement Savings, spending plan | Tagged , , , , , | 3 Comments

Method of buy low and sell high strategy

We all know that you want to buy low and sell high, I presume. So let’s examine what that may mean for the individual investor. Using the buy low and sell high strategy, you have to offset 1 or more … Continue reading

Posted in 401k, Fees, financial directive, Income Tax, IRA, Retirement Savings | Tagged , , , , | 2 Comments