Did you know not everyone or every dollar earned is taxed the exact same amount? This is because the United States tax system aims to be progressive. A progressive tax system tries to collect more tax from those who earn...
Bonuses are an excellent way to motivate employees and reward top performers. However, bonuses can also quickly change one’s tax return and the amount of taxes initially withheld depending on the payout. Are bonuses treated as regular income or singled...
Are you in line for a bonus at work? Lucky you! But don’t count on the entire bonus amount appearing in your paycheck. We all know that federal taxes will be taken out for part of your bonus, and your...
The first step to starting any tax return is to gather all the right tax documents to ensure you have all your information ready when you sit down to do your taxes. With this TurboTax Tax Forms calculator, just answer some...
Our tax system is straightforward in the sense that you pay taxes on taxable income. How much you pay will depend entirely on the type of income you receive. Most income is taxable income but there are some examples of...
The long awaited Olympic opening ceremony is here, but what may not have been anxiously awaited are taxes related to the 2012 London Olympics. Josh Ritchie goes for the gold and gives you information about taxes and the 2012 London...
This summer, my wife and I will be expecting our first child. It’s an exciting, exhilarating, and very scary time in our lives but it’s one that we are looking forward to with open arms. The last few months have...
Is summer is passing you by this year, turning your stay-cation into blah-cation? With Labor Day right around the corner, it’s not too late to put some adventure into your summer by taking a last minute trip or vacation. Last-minute...
IRS just recently revealed that the Statistics of Income is releasing some of the proposed tax forms and documents they will use to analyze 2010 tax returns. While I was sure that was important when I first saw that, I...
Sweden tops the list of the most heavily taxed countries in the world, while the United States stands in 15th. Let’s countdown the top 15 most heavily taxed countries in the world, measured by both the countries top statutory income...
Did you know not everyone or every dollar earned is taxed the exact same amount? This is because the United States tax system aims to be progressive. A progressive tax system tries to collect more tax from those who earn... 
