Browsing Category: "Taxes"
Tax Rebate Incentive Package, Worthless
Tax Rebate Incentive Package, Worthless
Well, the government’s attempt to stimulate the economy seems to be a worthless endeavor and a recession seems to be inevitable. With rebate checks already in the bank for many of those tax payers who filed electronically much of the anticipated cash will be going to other things than toys and games.
Tax Returns NOT a Savings Account
Tax returns are not a savings account
I know you might enjoy getting back a $3,000 tax return around February every year, but is it really the best financial move? The easy answer is NO! Many people think it’s a great way to save money and it’s a wonderful unexpected chunk of money to get back just after then new year. In reality it’s the worst savings plan you can imagine.
Give Yourself a Raise
Adjust Your Taxes, Give yourself a Raise
Do you always get back tax money from the government every year? If so then you are losing valuable money to the government. The average tax return for Americans is going to top $2,500 this year. Do the math and that’s almost $50 per week that you are letting the government borrow for an entire year! Not only are you letting them keep the money all year but you are also losing valuable interest. How many people do you know that would be willing to let you borrow $2,500 without paying back any interest?
