Category: taxes

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$9 Billion Of Your Tax Dollars Is Spent Dealing With Marijuana Laws Each Year.

I am the kind of person that understands that the government spends my tax dollars on a lot of things that I do not agree with. It comes along with being a citizen in this country in that everyone has some percentage of their tax dollars spent on things they think are stupid. I also know that the government wastes a lot of tax dollars on pet projects for different states that have no business being funded with public money, i.e. the bridge to nowhere in Alaska that Senator Stevens wanted. But when I read an article stating that Americans are paying over $1 billion dollars to incarcerate pot smokers, it really bothered me because this is an incredible waste of tax dollars.

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taxes • working
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Money Quote Friday – My Eyes Are Bleeding Edition

Between my workload this week and running my two sites, my eyes are really starting to hurt. Honey, is that you?

With tax time coming up, I thought this quote was especially relative to this time of year:

Intaxication: Euphoria at getting a refund from the IRS, which lasts until you realize it was your money to start with. ~From a Washington Post word contest

Hope everyone had a great and prosperous week!

quotes • taxes
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Video on what is new with Google Finance

I love Google finance, can I just tell you that? And I love it even more now that they have updated it with all sorts of new features. Google has been kind enough to post a kooky little video about the new features they have.

If you don’t have the time to watch this video, here are some of the new features that make Google Finance even better:

Now, in addition to recent quotes and today’s news, your Google Finance homepage includes a more detailed market summary, market performance, and top movers modules.

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banking • investments • taxes
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Free Financial Planning Kit from the Government.

Even the government wants you to plan out your finances (to be sure you pay your taxes, no doubt) and are offering up a free financial planning kit via download. From the site:

“Imagine putting aside extra money each month. Don’t think it’s feasible? Look no further than the coins rattling around in your pocket. Learn about the different ways you can develop and improve your savings, investment, and retirement strategies with this free kit.”

And yes, it is legit and it is from the government, so give it a shot and see if it can help you in any way. You can get the financial kit at the Federal Citizen Information Center.

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credit • debt • estate planning • investments • saving • taxes
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Guide to giving cash gifts during your life, the do’s and don’ts.

I am sure that most people know that you are allowed to give a certain amount of money to beneficiaries tax free. But what some people might not know is what the limits are and what the lifetime limit is, and what the tax implications are for different scenarios. Annually, you can give $12,000 per year per person to as many people as you wish without them having to pay any taxes on the money. If you are married, you and your significant other can EACH give $12,000 per year per individual, so in theory, your rich grandparents could give you $24,000 per year and you would not have to pay taxes on that. Over one’s lifetime, you are allowed to give $1,000,000 tax free, over and above your yearly amount. So, anything you give over $12,000 per year is deducted from that $1,000,000 lifetime amount.

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estate planning • investments • taxes
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