Podcasts about rethinking taxes

Discover more retirement tax saving strategies in the complimentary Retire Your Way Toolkit - https://merkleretirementplanning.com/toolkit/ Register for the next Journey to Retirement online workshop to take the first step in your retirement journey - https://merkleretirementplanning.com/workshops/ Retirement is a mindset shift – EVERYTHING changes including the way you should think about taxes. In this episode of Retiring Today, Loren Merkle and Chawn Honkomp discuss how taxes in retirement can be different than taxes in your working years. They help you understand how you can begin to calculate what you may be taxed throughout your retirement and demonstrate tax strategies that can help you lower your tax bill in retirement Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY® https://merkleretirementplanning.com/staff-members/loren-merkle/ Chawn Honkomp, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®, CPA® https://merkleretirementplanning.com/staff-members/chawn-honkomp/ Molly Nelson, Host of Retiring Today https://merkleretirementplanning.com/staff-members/molly-nelson/ Chapters 00:00 Rethinking Taxes in Retirement 04:48 What You Can Control with Your Taxes in Retirement 10:52 How to Calculate Your Social Security Tax Rate 20:50 Retirement Accounts: Taxed vs. Tax-Free 25:08 The Power of a Comprehensive Retirement Plan -- This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Wow is this episode full!? Mr. Ed Cotney is a tax and business strategist with an impressive background. In his opinion, even those considered, by many, as tax savants are only truly using a fraction of the 80,000+ pages of the IRS tax code. He thinks we should look at some of those pages. Mr. Cotney walks us through the tax difference of donating stock to charity versus donating cash to charity -- this could make you rethink charitable planning all together! We also tap into how the SECURE Act changed the RMD requirements for retirees and replaced them for inherited IRAs. For the new inherited IRA liquidation requirements, he also walks us through his “give it away twice” strategy where he uses Charitable Remainder Trusts as a tool for maximizing inherited IRAs. Find more episodes on www.wealthpreservationpodcast.com I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. http://dig.ccmixter.org/files/grapes/16626 Ft: J Lang, Morusque

On this episode of Blunt Force Truth, Chuck and Mark are joined by the President of Citizens For An Alternative Tax System, Steve Hayes. Steve is a former tax attorney who has switched his focus to investigating alternatives to the income tax. Chuck and Mark kick off today’s show by asking Steve about the FairTax plan and what it would look like for consumers. They discuss how people will be able to see exactly how much government costs and how the FairTax plan will fairly impact everyone. They continue by discussing how the FairTax plan will allow for companies to lower their cost for production and how consumers will likely see lower costs for products brought to market. Steve explains how it will eliminate the need for filing federal income taxes and discusses the money that companies will save from it. They finish up by explaining how the FairTax plan will make government spending more transparent and easier for everyday citizens to see where their tax dollars are going. They also explain why the FairTax plan will forcepeople to act like a true consumer. More about Steve Hayes: Steven L. Hayes graduated with honors from the University of Arkansas and the University of San Francisco Law School. As a self-described “recovering” tax attorney he spent considerable time and resources investigating alternatives to the income tax. Based on his research, including interviewing tax practitioners, business owners, employees and economists, he determined the best solution was to eliminate the income tax and the IRS and replace them with a national retail sales tax collected by the states. In 1990, Mr. Hayes joined and became President of Citizens For An Alternative Tax System (CATS), a non-profit 501(c)(4) lobbying organization, which was the 1st organization dedicated to the idea of replacing the federal income tax with anational sales tax. He was also instrumental in forming the Florida FairTax® Educational Association, Inc., (FFETA) and currently serves on the FFETA board of directors. Hayes has appeared on hundreds of radio and television shows, had numerous articles published in newspapers and magazines, and regularly speaks to groups of citizens around the country about why we must eliminate the income tax and the IRS and replace them with a national retail sales tax. Mr. Hayes has testified before the House Ways And Means Committee and former Congressman Jack Kemp’s Tax Reform Committee. He is widely sought after as a subject matterexpert on tax reform panels and forums. Connect with Steve Hayes: Website: https://fairtax.org/ Twitter: https://twitter.com/fairtaxofficial Facebook: https://www.facebook.com/FairTax YouTube: https://www.youtube.com/user/FairTaxOfficial?feature=watch LinkedIn: https://www.linkedin.com/company/fairtax-official Give H2Max a try and let us know what you think: buyh2max.com Help us bring you the best content possible. Due to the left’s boycotts of those who advertise with Conservatives, we have had a number of advertisers backout to avoid possible backlash. Support the show and gain access to even more content at https://www.patreon.com/bftpodcast Don’t forget to leave us a voicemail for the chance to have it played...

In this episode, Dan interviews Alex Kitain, Chief of Party for DAI’s Revenue Generation for Governance and Growth (RG3) project in Liberia, and John Yates, Global Practice Lead for Public Financial Management at DAI. Alex and John both supported our recent report, Rethinking Taxes and Development: Incorporating Political Economy Considerations in DRM Strategies. Development programs focused on increasing domestic resource mobilization require relatively small amounts of funding and can dramatically improve the amount of money collected by governments. For example, Georgia was able to increase its domestic revenue by close to $4 billion between 2005 and 2011 with USAID’s support. Listen to the full podcast to hear more about how building strong tax administrations can help build countries’ self-reliance and reduce their dependence on foreign assistance.

Listen as we discuss the public launch of our report, Rethinking Taxes and Development: Incorporating Political Economy Considerations in DRM Strategies. This report offers a fresh perspective for U.S. policymakers and other development agencies on how they can better partner with developing country governments on the shared goal of increased DRM, focusing on addressing the political economy opportunities and constraints to increasing the impact of development efforts. 

Please join us for May 31 for the public launch of our report, Rethinking Taxes and Development: Incorporating Political Economy Considerations in DRM Strategies. This report analyzes the political economy opportunities and constraints of domestic resource mobilization on the road to self-reliance. CSIS, in partnership with DAI, conducted research in Kampala, Uganda and Monrovia, Liberia to assess the current political and economic conditions affecting DRM reform efforts. Uganda and Liberia were selected because both are low-income countries struggling to expand their respective tax bases, increase tax-payer morale, have equitable tax administrations, and implement reforms to mobilize more domestic resources. Many of the constraints in both countries relate to transparency, corruption, underdeveloped systems and low capacity of tax authorities. However, many of the constraints are more political in nature, including a lack of support in parliament, outsized influence of the elite, entrenched bureaucratic interests, resistance from the private sector, unpopular changes to legislation and general distrust of government by civil society. This report offers a fresh perspective for U.S. policymakers and other development agencies on how they can better partner with developing country governments on the shared goal of increased DRM, focusing on addressing the political economy opportunities and constraints to increasing the impact of development efforts.  This report is made possible by DAI's generous contributions to and cooperation with the Project on Prosperity and Development.

Please join us for May 31 for the public launch of our report, Rethinking Taxes and Development: Incorporating Political Economy Considerations in DRM Strategies. This report analyzes the political economy opportunities and constraints of domestic resource mobilization on the road to self-reliance. CSIS, in partnership with DAI, conducted research in Kampala, Uganda and Monrovia, Liberia to assess the current political and economic conditions affecting DRM reform efforts. Uganda and Liberia were selected because both are low-income countries struggling to expand their respective tax bases, increase tax-payer morale, have equitable tax administrations, and implement reforms to mobilize more domestic resources. Many of the constraints in both countries relate to transparency, corruption, underdeveloped systems and low capacity of tax authorities. However, many of the constraints are more political in nature, including a lack of support in parliament, outsized influence of the elite, entrenched bureaucratic interests, resistance from the private sector, unpopular changes to legislation and general distrust of government by civil society. This report offers a fresh perspective for U.S. policymakers and other development agencies on how they can better partner with developing country governments on the shared goal of increased DRM, focusing on addressing the political economy opportunities and constraints to increasing the impact of development efforts.  This report is made possible by DAI's generous contributions to and cooperation with the Project on Prosperity and Development.