Is it possible to pay zero in Federal Income taxes on a $150,000 income? The answer might surprise you.
The tax system in the United States might as well seem like a foreign language to most individuals. Vague statues. Obscure language. When you examine the tax system carefully it heavily favors those with higher incomes and those who invest. The investing part is not necessarily bad since Americans need to save more given the [...]
The average American household takes in $63,091 per year. With recent shifts in the economy, it is very likely that this figure is much lower for the current year. But the baseline point is important to understand where most Americans stand. After all, salary and income is still a somewhat taboo subject. You can talk [...]
Savings and Deposits and the Zero Percent Bank Account – Punishing the Saver for a Nation Fueled by Debt Consumption.
The current financial system is designed to punish savers. The Federal Reserve by cutting the Fed funds rate to virtually zero has made it a disincentive for people to store any of their wealth and get any acceptable return. If we look at savings account rates you will find that many banks are offering from [...]