Podcasts about Tax rate

Has calculating your income tax rate in the past been overwhelming? Today, I'm going to discuss the complexities of income tax rates, particularly for self-employed individuals. I explain the progressive tax system, the difference between marginal and average tax rates, and provide practical tips for calculating taxes accurately. The conversation aims to demystify tax calculations and empower listeners with knowledge to manage their finances effectively. Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculating your income tax.    Also mentioned in today's episode:  00:00 Understanding Income Tax Rates 09:33 The Progressive Tax System Explained 11:58 Marginal vs. Effective Tax Rates 17:04 Calculating Your Taxes Accurately 23:20 Final Thoughts and Resources Takeaways: People confuse marginal tax rates with their actual tax rate. Income tax calculations are more complex than they seem. Self-employment tax is a flat rate of 15.3%. Estimating tax rates requires guessing due to timing. Graduated income tax means different rates apply to different income slices. Both low and high earners pay zero tax on the first $11,000. Marginal tax rates only apply to the last dollar earned. Average tax rates provide a more accurate tax estimate. Online calculators can simplify tax calculations. Self-employment tax should not be double counted in estimates.   If you enjoyed this episode, please rate, review and share it!  Every review makes a big difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.   Links: Get your FREE Deductions Guide

Trump signals openness to a 40% millionaire tax rate—sparking a fiery PBD Podcast debate on strategy vs. substance. Is it a head fake, political bait, or a real shift? The crew dives deep into taxes, SALT deductions, small business impact, and economic optics.

In this episode, Jason delves into the tumultuous developments in capital gains taxation in Canada over the past year. From initial changes announced by the Trudeau government to the ensuing financial planning frenzy, and culminating in the resignation of the Prime Minister and a subsequent lawsuit, this video clarifies what capital gains are and how they are taxed. We examine the impact of proposed changes on investors, including those involving corporate and personal tax rates, and discuss the ultimate resolution with the election of Mark Carney as Liberal leader. Finally, we consider new proposals from opposition leaders that could affect future taxation. Stay informed on this rollercoaster of tax policy changes and their implications for Canadian investors. Hosted on Acast. See acast.com/privacy for more information.

Chair of the Orange County Commissioners Jamezetta Bedford spoke with 97.9 The Hill's Andrew Stuckey on Wednesday, April 9, discussing county news and events. She talked about the commissioners Land Use Plan, which they will continue discussion of in September. She also talked about a 34 acre soccer complex in western Orange County and how that fits into the budget going forward. She talked about the county's recent property revaluation, revealing the revenue-neutral tax rate for the county, and more. The post Orange County: Land Use Plans, Soccer Complex, Revenue-Neutral Tax Rate appeared first on Chapelboro.com.

If approved, the tax rate will decrease by a cent to $1.14 per $100 of assessed value.

Residents will see their water rates bump if the proposed budget is approved. The average customer can expect to pay about $6 more per month.

Janna is a crypto tax specialist with years of experience in crypto accounting. In this episode she shares her journey from working in various financial sectors to focusing on the complex and evolving field of crypto taxation. She shares her challenges in finding reliable tools for calculating crypto taxes, leading to her extensive research and development of an accurate product for crypto reporting and taxation.Worldwise Capital Links⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YoutubeWebsitePrivate Community AccessStrategy Session

The city wants residents' input to complete a draft budget.

Elias Makos is joined by Paul Gott, Lead singer and guitarist for Montreal Punk Rock band the Ripcordz and a journalism professor at Concordia, and Jimmy Zoubris, special advisor to the Mayor. Donald Trump continued his attacks against Canada on Tuesday and his administration continued to repeat that the country would be better off as the 51st state. And now, The White House is even using Quebec’s tax rate to make the case A new poll shows a surge in Canadian national pride, with 86% of Canadians expressing pride in their country, up from 80% in November 2024 Montreal’s executive committee is set to greenlight a $12.8 million planning contract today, kicking off Projet Montréal’s divisive $89-million overhaul of the road splitting Mount Royal Provigo and Maxi stores in Quebec will soon introduce signage marked with a “T” for tariffs, explaining price hikes on US products

Political commentator James Mennie is a reporter, columnist and editor at the Montreal Gazette. He can be heard weekdays at 4:05 p.m. on Montreal Now with Aaron Rand.

Rep. Kathy Schmaltz, District 46, Jackson. Bill to rollback Michigan's income tax rate, which she introduced last week and will be up in the House Finance Committee this morning.

SIGN UP FOR OUR LIVE MONTHLY WEBINAR: https://www.controlandcompound.com/live-webinar On today's episode, Darren and Christina break down the Canadian small business tax system, including how much business owners really pay. They discuss the small business tax deduction, what happens when your business earns over $500,000, and why tax rates vary by province.  They also dive into corporate structuring strategies, the benefits of holding companies, and how to minimize taxation using high cash value life insurance. If you're a Canadian business owner, you won't want to miss these crucial insights! Show notes: 00:00 - Introduction 1:35 - Who qualifies for the tax deduction? 4:55 - Example of first $500,000 7:15 - Example of after $500,000 13:15 - How to avoid paying unnecessary additional tax BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Unveiling the Secret 60% Tax Rate and 7 Ways to Avoid It for High-Income Earners in the UK This podcast reveals the hidden 60% effective income tax rate affecting those earning between £100,000 and £125,140 in England and Wales. Co-founder of Medics' Money, Dr. Ed Cantelo, a chartered accountant and tax advisor, explains the complexities behind this marginal tax rate, originated from a government measure in 2010 to reduce the national debt. The discussion covers its significant impact on healthcare professionals and others close to the £100,000 income threshold. Dr. Cantelo outlines seven strategies to avoid the tax trap including maximizing employment expenses, utilizing gift aid donations, contributing to private pensions, leveraging the NHS pension scheme, planning around child benefit, equalizing income with a partner, and ultimately, considering whether to work less. The detailed insights aim to help high-income earners minimize their tax liabilities legally while maintaining financial stability. 00:00 Introduction to the Secret 60% Tax Rate 01:01 Understanding the Marginal Tax Rate 04:35 Impact on Healthcare Professionals 06:14 Seven Strategies to Avoid the Tax Trap 06:31 Strategy 1: Maximizing Employment Expenses 07:44 Strategy 2: Utilizing Gift Aid Donations 09:30 Strategy 3: Contributing to Private Pensions 11:48 Strategy 4: Leveraging the NHS Pension Scheme 12:31 Strategy 5: Planning Around Child Benefit 14:20 Strategy 6: Equalizing Income with Your Partner 15:53 Strategy 7: Working Less to Avoid Extra Tax 18:06 Conclusion and Summary

With the writing of this sentence, I advance my desire to be more familiar with Democracy in America. In the fourth decade of the 19th century, a French national named Alexis de Tocqueville wrote two volumes of an examination of the system of government in the relatively new United States of America. I have vague memories of reading it over thirty years ago in a political science class at Virginia Tech and I've been meaning to take a look back in order to get a fresh perspective of where we are on February 8, 2025.This is the audio edition of Charlottesville Community Engagement for that particular today and the I in this sentence is me, Sean Tubbs. I've made my career writing about municipal government, giving me a unique perspective into American government for the first three decades of the 21st century. If you decide to take a listen, you're about to hear the audio versions of recent stories.The following links go to Information Charlottesville, the companion website for this newsletter.* Charlottesville City Council briefed on Project Safe Neighborhoods (learn more)* Charlottesville Police Chief Kochis gives an update on FLOCK license plate readers (learn more)* Albemarle County Supervisors and the Charlottesville City Council both acknowledge Black History Month (learn more)* Albemarle County appoints a new director of Facilities and Environmental Services (learn more)* Supervisor Pruitt sounds alarm on economic threat of federal cuts, executive orders (learn more)* Coalition wants Albemarle County to pay $10 million a year toward housing costs (learn more)Charlottesville Community Engagement is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.First shout-out: Celebrating the community's other information organizations!In today's first shout-out in the form of a house ad, I want to make sure everyone knows that every edition of the regular newsletter (not the podcast ones) ends with a section called Reading Material. Charlottesville Community Engagement is just one offering in a landscape that includes the Charlottesville Daily Progress, C-Ville Weekly, Charlottesville Tomorrow, and Cville Right Now, I curate links from these sources because I believe a truly informed community needs multiple perspectives.There's also the Cavalier Daily, Vinegar Hill Magazine, the Fluvanna Review, the Crozet Gazette, NBC29, CBS19, and other sources. But if you look every day, you'll find links to articles in national publications, all linked to give you more perspectives on some of the issues of our times.Second shout-out:What you are reading or listening to at Charlottesville Community Engagement is part of a business-venture that's based on a pretty simple idea. I will spend my time researching and reporting and will provide ways for people who want to pay for the material to be produced!bI've been a journalist for a long while now, and this year marks the 20th anniversary of the Charlottesville Podcasting Network. While that website doesn't have new content, it's part of how I demonstrate my dedication to this community. In 2025 I'm seeking ways to solidify the business, and here are some ways you can support the work.* Sign up for a paid subscription through Substack. There is not much premium content because my primary aim is to get information out to as many people as possible.* Contribute through Patreon. A major goal this year is to replace this with a way to make a tax-deductible donation, but that's not set up yet. If I had more time, I'd make more audio programs through Patreon.* Send in a check made out to Town Crier Productions at PO Box 1754, Charlottesville, Virginia, 22902. This will be used as a replacement for Substack.* Buy an ad on InfoCville.com! I do not have a rate sheet yet, but if you respond to this email with the promo code #experimental-ad I can do a really very low price until the end of February! How low? Send me the email! * Tell friends about the work and use the stories to start conversations. Post articles on social media, for instance. * Volunteer to design some logos because I'm very bad at graphics! Someone did the one for me a few years ago and I probably should give her credit. I'll reach out! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit communityengagement.substack.com/subscribe

Would it be politically safe to go back on their promise not to raise income tax if the increase only affected high earners?, a listener writes in to ask. Hannah Barnes is joined by political editor Andrew Marr and associate political editor Rachel Cunliffe, and in the first half of the programme we hear from senior data journalist Ben Walker about whether there has been a swell in youth support for Reform UK.The team also cast their predictions for the year ahead in UK politics. Hosted on Acast. See acast.com/privacy for more information.

Welcome to the WGNS Action Line, where we dive deep into the pressing issues facing our community. In this episode, we sit down with Rutherford County Property Assessor Rob Mi

Starting January 1, 2025, British Columbia is introducing the BC Home Flipping Tax to curb short-term property sales. In this video, I break down how this new tax works, how it differs from the federal property flipping tax, and what this means for homebuyers, real estate investors, and sellers.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger.

Vice Presidential Candidate of the New Patriotic Party (NPP) Dr. Matthew Opoku Prempeh is urging spare parts dealers at Suame Magazine spare parts dealers to vote for his flagbearer Dr. Mahamudu Bawumia to enable him to implement the flat rate tax policy to their own benefit.

Presidential Candidate of the New Patriotic Party (NPP) Dr. Mahamudu Bawumia has said that his pledge to introduce a new tax regime for businesses remains one of the immediate policies he will implement if elected. Dr. Mahamudu Bawumia's visit to the Ablekuma Central Constituency saw him at the Abossey Okai Spare Parts Zone where he was met warmly by the importers.

The U.S. Supreme Court has taken up the voter purge lawsuit; Donald Trump set to visit Salem Civic Center ahead of Election Day; a change in Medicare coverage expands access to robotic walking devices; and Thalhimer is the lone Diamond District mixed-use developer, according to Loop.

At the end of a severe famine, Pharaoh ends up with all the money, all the Livestock, all the indentured servants and all the land of the Egyptians. He will also end up with a 20% tax on production in Egypt. It is going to set up what comes next for the Israelites: Slavery and redemption. Follow the story for 7 minutes with me.https://www.youtube.com/watch?v=mD_H1if_KK0

Councillors have approved a 10% increase in the base rate of Local Property Tax for the next three years. This means the LPT rate will remain unchanged. Jerry spoke to councillors Norma Moriarty of Fianna Fáil, Martin Grady who’s an independent, and Deirdre Ferris of Sinn Féin.

Pre and post storm work is ongoing, but Marion County weathered the storm well and allocated resources to harder hit counties that needed assistance. Breast cancer awareness and benefits in the county, and the flat property tax rate details amid rising property values.

The news of Texas covered today includes:Our Lone Star story of the day: Lubbock County's Bowtie Bully, Curtis Parrish, held a press conference in which he did little but offer deception to the people about what it means to adopt the No New Revenue Rate, meaning no tax increase for next year, by commissioners Rackler and Corley properly using a provision of the law to deny the Bowtie Bully's planed $7.5 million spending increase and accompanying tax increase.He made such incredibly ridiculous claims such as: Not raising taxes will destroy the county's bond rating increasing costs in the future. Never mind that all bond payment spending is in the current budget and will be in the new budget with the No New Revenue Tax Rate. That not adopting his $7.5 million INCREASE in spending will cause them to “make the deepest, most massive cuts in the history of the county.” That my friends is an outright, undebatable lie. The budget with not tax increase will still be larger than that of the current year. That commissioners breaking a quorum, the only way they can prevent a big tax increase given the other three are voting for such, is the same as Democrats breaking the legislative quorum. Another baldfaced lie from the Bowtie Bully. It is against state law to break a legislative quorum but state law specifically allows for blocking a tax increase by two commissioners refusing to show up for the vote. It has been done in Lubbock County before, in Harris County, the state's largest just a few years ago, and who knows where else in our 254 counties. Parrish claims that, somehow, not having a tax increase and increasing spending by $7.5 million this coming year will greatly harm the county for many years to come. Really? Not growing government beyond population, inflation, and economic growth will be a harm? That's a D.C. Democrat idea. Interestingly, after harping on non-existent “cuts,” Sheriff Rowe admitted that a budget with the No New Revenue Tax Rate would still be a big increase in spending over the current budget when he said that he was expecting 8 new deputies with the tax increase but will only get half that amount, 4, without the tax increase.Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.Texas workforce keeps growing, unemployment at 4.2% for August.Rig count goes up.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates. www.PrattonTexas.com

On Thursday's show: The City of Houston appears likely to hike its tax rate, as it faces a budget shortfall and unexpected costs from multiple disasters. We learn more and find out what the increase might cost the average homeowner. And the council has delayed its push to require developers to build sidewalks or pay a fee for new construction.Also this hour: On the anniversary of President John F. Kennedy's “moon shot” speech at Rice University, in which he challenged America's scientific community to get to the moon and back, we ask you: what's the next big “moon shot” that Greater Houston can achieve? What's the one big challenge we should marshal our will, time, and resources to meeting? We welcome your suggestions at talk@houstonmatters.org.Then we learn about an area nonprofit that helps fund medical and mental health care services for Houston's restaurant and bar workers. It's called I'll Have What She's Having, and it's holding a Rock & Roll Picnic on Sunday at the Last Concert Amphitheatre featuring music and a lot of food from a number of area chefs and restaurants.And Houston poet Ayokunle Falomo talks about his new collection, called Autobiomythography of, ahead of a book launch tonight at Kindred Stories.

Trump & Kamala Debate: Boring and horrible. Name calling. Accusations. Nothing interesting or intelligent. Markets:YTD: S&P up 16%.Tech (QQQ) up  15%.High Quality up 10%.Building Wealth for your kids: My Blog analysis on Building wealth for kids. 529s and Roth 401k. Small investments over time create generational wealth.Nvidia$3t market cap. $30b revenue/qtr.  $28b in cashflow.Mgmt style: Jensen Huang on Working. Government vs Capitalists: All in at 56.30: Friedberg: Do you want someone who has lived in government or is not a government operative? Career civil servants vs. capitalists. 1.17.40.  Government spending is 50% of GDP. So could say ½ of people are employed directly or indirectly by government. Free market system is finished if there are more “takers” than “makers”.Government Efficiency (oxymoron):Donald Trump on Government efficiency commission:From WSJ: Trump Proposes 15% Tax Rate for Some Companies and a Role for Elon Musk in GovernmentElon Musk has said that all laws/regs should be auto-repealed after 20 years or some time. Otherwise we're in a web of bureaucracy. Getting a Loan from DOE is near impossible. I have a story.TeslaTesla Robotaxi day on October 10. SpaceXThe company confirmed that the SpaceX Crew Dragon spacecraft carrying the crew reached its peak altitude of 1,400.7 kilometers (870 miles).That distance surpassed the record set by NASA's 1966 Gemini 11 missionAlso!!! 60 day delay for Starship launch. “Unfortunately, we continue to be stuck in a reality where it takes longer to do the government paperwork to license a rocket launch than it does to design and build the actual hardware,” the firm said. “This should never happen and directly threatens America's position as the leader in space.”https://www.spacex.com/updates/Nuclear Power imperative by Bill and Brad.Recommendations:Bryson DeShambeau on YouTube:Breaking 50. With Tony Romo (64 is his lowest round). Eagled 1st hole!! Podcasts:Smartless interview with Michael Keaton. Rogan ActorsRussel CroweDennis QuaidTV: Wyatt Earp on Netflix. 

In the 5 AM Hour: Patrice Onwuka and Andrew Langer discussed: Harris abandons 2019 pledge to ban plastic straws BIDEN admits that the “Inflation Reduction Act” was a scam and actually pushed the Green New Deal. Trump Announces Economic Plan: Trump Proposes 15% Tax Rate for Some Companies and a Role for Elon Musk in Government Where to find more about WMAL's morning show:  Follow the Show Podcasts on Apple podcasts, Audible and Spotify. Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor,  @Jgunlock, @patricepinkfile, and @heatherhunterdc.  Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Show Website: https://www.wmal.com/oconnor-company/ How to listen live weekdays from 5 to 9 AM: https://www.wmal.com/listenlive/ Episode: Friday, September 6, 2024 / 5 AM Hour  O'Connor and Company is proudly presented by Veritas AcademySee omnystudio.com/listener for privacy information.

Kamala Harris' New Tax Proposals Include Making Unrealized Gains Tax Rate 25% A Year. Not to mention she wants the Capital Gains tax rate to go up to 44.6%, this would crush the American people. Learn more about your ad choices. Visit megaphone.fm/adchoices

We want you to be informed about the budget process in the City of Plano. July through September, we release all budget-related City Council meeting audio as bonus episodes of the Inside Plano podcast.  Today's bonus episode features audio from the August 15, 2024, City Council Work Session when the following items related to the FY 2024-2025 Recommended City Budget and Proposed Community Investment Program were discussed: Grant funding requests Revenues: Ad Valorem Tax Base, Tax Rate, Sales Tax, Water & Sewer rate increase, Evironmental Waste Services rate increase. Community Investment Program. Proposed Ad Valorem Tax Rate. You can review the budget online at plano.gov/RecommendedBudget. You can submit questions to askplano@plano.gov. Answers will be posted on Mondays at plano.gov/RecommendedBudget.

Today on LIVE! Daily News, the San Angelo City Council approved to raise your property tax rate, a San Angelo man was indicted for selling vape pens to high school students, two dogs still need to be saved, and James Bouligny spoke with Argyle Liberty Christian Head Coach Jason Witten.Also, an interview with our August Search for Silver winner!Today's Top Stories: Texas DPS Celebrates 75 Years of Aviation Excellence (08/19/2024)San Angelo Man Indicted for Selling THC Vape Pens to Underage Students (08/19/2024)Two Dogs Still Need Saving After Narrow Escape from Euthanasia (08/19/2024)Mexico's OXXO to Take Over DK Stores in Texas, New Mexico (08/19/2024)'Boy Meets World' Actress Reveals Cancer Diagnosis (08/19/2024)House GOP Report Alleges Impeachable Conduct by President Biden, Pfluger Commends Investigation (08/19/2024)Free Abortions, Vasectomies Offered at Democratic National Convention (08/19/2024)WATCH: COVER1 Exclusive Interview with Liberty Christian Head Coach Jason Witten (08/19/2024)Today's Moon is a 'Supermoon Blue Moon' (08/19/2024)Sheriff's Office: Traffic Stop Leads to Major Drug Seizure (08/19/2024)Talk Show Legend Phil Donahue Dies at 88 (08/19/2024)City of San Angelo Council Votes to Hike Property Tax Rate (08/19/2024)The August Search for Silver Has Ended (08/19/2024)Benefit Planned for San Angelo Man After Heart Surgery (08/19/2024)ASU: 'Rambunctious Week' Begins Wednesday (08/19/2024)San Angelo Faces Week of Dangerous Heat and Elevated Fire Threat (08/19/2024)Possession of Controlled Substance and Theft Top Booking Report (08/19/2024) 

This week on the Beyond The Money Podcast, Jackie Campbell covers the impact of recent storms and market corrections on families and retirement plans. She emphasizes the importance of having a written retirement plan and strategies to navigate down markets. The discussion also highlights the need for a holistic approach to retirement planning, including tax strategies and tax-efficient investments. For more information or to schedule a consultation call 352-251-1015 or visit www.mycampbellandco.comSee omnystudio.com/listener for privacy information.

Grover Norquist, Americans for Tax Reform President. Kamala Harris Wants to Raise U.S. Corporate Income Tax Rate Higher Than Venezuela's

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the frustration that many individuals feel around taxes in the U.S. He highlights the impending increase in tax rates expected by the end of 2025 due to changes stemming from the Tax Cuts and Jobs Act passed in 2017. He discusses how to navigate these upcoming tax changes and reduce the amount they hand over to the government each year. Tune in to learn how you can proactively plan for the future tax changes, make informed financial decisions, and navigate the evolving tax landscape with confidence. Don't miss out on valuable tips to keep more money in your accounts and grow your business effectively. Listen now and take control of your taxes to secure a brighter financial future! Tune in now and gain the knowledge you need to make informed financial decisions. Remember to leave a five-star rating and review if you find this episode helpful. ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ➤➤ To become a client, schedule a call with our team or fill out a contact request form ➤➤ ⁠⁠⁠⁠⁠https://www.betterbooksaccounting.co/contact⁠⁠⁠⁠⁠ ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: ⁠⁠⁠⁠⁠https://www.facebook.com/chrismccormackcpa⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠https://www.linkedin.com/in/chrismccormackcpa⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠https://www.instagram.com/chrismccormackcpa⁠⁠⁠⁠⁠ Join our Facebook Group: ⁠⁠⁠⁠⁠https://www.facebook.com/groups/6384369318328034⁠⁠⁠⁠⁠ → → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← ⁠⁠⁠⁠⁠https://www.youtube.com/@chrismccormackcpa⁠⁠⁠ The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. #TaxStrategies #TaxIncreases #TaxSpecialist #InvestingStrategies #RothConversion #EntityStructure #TaxPlanning #TaxRateHikes #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

Episode 211 - this episode may blow your mind!  I am not typically prone to drama of overhype so I hope this doesnt come across that way.  Challenging times ahead - I hope you find this interesting and thought provoking! The article refered to: https://situational-awareness.ai/  Join my Skool Community

Krystal and Saagar discuss Dems float online DNC amid protests, bitter Hillary trashes young voters, Trump unleashed at massive rally, Hannity attacks RFK as radical left, billionaires officially lower tax rate than workers.   To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: https://breakingpoints.supercast.com/   Merch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.

Cash & Money Markets are not Long-Term Investments  With many companies in the stock market more expensive than we'd like to see, we have been sitting on more cash in a money market than we normally would. While the 5% or so in interest is nice for the time being, we are using this as a temporary parking place until we find a good long-term investment. It could take one week or it could be three months, but the important factor is we are not considering this as a long-term investment. I know many people right now are happy with their money market rates and would totally miss a great opportunity if it presents itself to continue investing in the money market. I believe this will be extremely damaging for their long-term returns, especially as short-term rates are likely to fall. Looking long term cash will likely not beat stocks and in a recent Vanguard paper, they showed global stocks earned about 6% more a year than cash from 1901 to 2022. Don't become complacent with the short-term yields, as you could miss a great investment that could help you over the next three to five years.  AI and Jobs Some people are worried about artificial intelligence taking away many jobs. I remember hearing about the same concern when computers first came out, but in reality, they created new jobs. Investment firm Goldman Sachs projects that by the end of 2034, artificial intelligence could boost the GDP to 2.3%. According to the Census Bureau's November 2023 Business Trends and Outlook Survey, only 3.9% of businesses nationwide have used artificial intelligence, which includes machine learning, natural language processing, virtual agents and voice recognition. Another survey by Deloitte discovered that 87% of private businesses who were surveyed, expect artificial intelligence to increase their labor productivity within the next three years. It is true that change is always scary and it is true that AI will replace some jobs, but it will also create jobs that haven't even been thought of yet. It will also make our economy more productive, which then should increase the overall wealth of consumers.  Apple in China Relations between the US and China are rather strained currently and Apple could be paying the price for that. In the Wall Street Journal, they released information that the company has discounted phones in China by $70, which normally sell for around $600 on average. On a side note, wouldn't be great to get an iPhone for $600? Consumers in China have been switching to Huawei phones as the government in China and consumers begin to feel more comfortable with the company's technological progress. If you remember a while back, we did post that the Chinese government had banned the use of iPhones in government agencies. So, Apple is now fighting with the government of China, despite what Tim Cook says and they are also fighting with the Federal Trade Commission in United States as well. They are definitely in the middle of some major storms, which could go on for years hampering sales growth for their products. This could cost the company their premium valuation on earnings, which means no stock growth going forward at best. There could also be a pull back in the stock on the horizon if they are not able to return to sound growth.  Financial Planning: Tax Rate on Gold Investing in gold has been popular recently, but it is important for investors to understand how gold is taxed. Federally there are 7 tax brackets (10%, 12%, 22%, 24%, 32%, 35%, 37%) which ordinary income is subject to. Ordinary income includes most sources like wages, interest, and IRA distributions. There are also separate brackets for certain types of investment income like long-term capital gains and qualified dividends. Depending on the amount of taxable income, the tax rate is either 0%, 15%, or 20%, plus there can be an extra 3.8% tax if AGI is above $200k or $250k depending on filing status. Basically, this type of investment income will always be taxed at a lower rate than if it had been received as ordinary income. There is also a third set of brackets that is applied to income earned from collectibles, which includes gold. If gold is bought and sold more than a year later for more, it is considered a collectible long-term capital gain which is taxed at ordinary income rates for those in the 10%, 12%, 22%, or 24% brackets. For those in the 32%, 35%, or 37% brackets, gold is taxed at a maximum rate of 28%, but it can also be subject to the additional 3.8% net investment income tax for those with higher AGI levels. This tax rate includes investments backed by physical gold such as a gold ETF. If you are considering buying gold, be prepared to pay more taxes than you would on other types of investment income.   Stocks Discussed: Starbucks (SBUX), Chegg (CHGG) and Apple (AAPL)

In this episode, Ryan and Thomas explain how simply investing in rental real estate reduces your effective tax rate and puts you in a favorable position even without offsetting non-passive income (e.g., W-2 and active business income), including: - A snapshot of the US Tax System. - The critical role of depreciation in shielding income from tax. - What is the effective tax rate calculated? - How passive investors build "tax-free" income through real estate. - Ways to minimize the impact of depreciation recapture. If you're concerned using real estate professional status (REPS) or turning losses non-passive with STRs is the only way to use real estate to minimize taxes—this episode is for you. To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Reserve your Free Ticket to the 2024 Tax, Legal, and Wealth Summit at www.taxandlegalsummit.com Apply to join the Hall CPA team at www.therealestatecpa.com/careers Follow Us On Social Media Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Join our Facebook group: www.taxsmartinvestors.com/facebook Subscribe to or weekly newsletter for more tax tips: newsletter.taxsmartinvestors.com/podcast Follow Thomas: twitter.com/thomascastelli_ Follow Ryan: www.linkedin.com/in/ryancarriere/ The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

With so many plans already announced, we were left wondering what the feds would actually unveil at this year's budget meeting. The answer? A tax to pay for all those plans. Canadians' favourite spot for a double-double and an Old Fashioned glazed donut is trying its hand at a new endeavour: pizza. Driving Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

Silly season is in full swing so politicians take center stage. But it's important to remember who really pulls the strings and runs the show. This week is an overdue flashback to our Corporate (Ir)Responsibility episodes that have been combined for the first time by the great Manny Faces for your listening pleasure. It's a good refresh on the bad actors that came together to rig the system. We'll be back next week with more original content as we plug away at the border crisis and other pressing issues. For now, enjoy! This episode online Essay + Show Notes Resources HBR: Why Are Companies Sitting on So Much Cash? The Atlantic: When the Top U.S. Tax Rate was 70 Percent—or Higher Bloomberg Tax: 10 Steps States Should Take to End Corporate Giveaways Politico: Actually, it was Democrats who killed the 70 percent tax Foreign Policy: To Pay for the Pandemic, Dry Out the Tax Havens Tax Policy Center: What is the TCJA repatriation tax and how does it work Tax Justice Network: Financial Secrecy Index - 2020 Results OCCRP: Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption Tax Foundation: How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis FRED: Unemployment Rate Trading Economics: Corporate Tax Rate in the United States remained unchanged at 21 percent in 2021 from 21 percent in 2020 BLS: Inheritances and the Distribution of Wealth, Or Whatever Happened to the Great Inheritance Boom? Tax Foundation: Corporate Tax Rates around the World, 2020 Road & Track: Yes, The Chevrolet Corvair Really Was a Handful to Drive GoodJobsFirst.Org Book Love Matt Taibbi: Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Jane Mayer: Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right Zachary D. Carter: The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes Pod Love Useful Idiots: David Sirota on the SALT Tax Cap, Plus: Is Biden Really the new FDR? Best of The Left: #1414 Go Home and Go Big (Infrastructure Investment, Jobs and Climate Mitigation) -- If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565 Buy yourself some Unf*cking Coffee® at shop.unftr.com. Subscribe to Unf*cking The Republic® at unftr.com/blog to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic® is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com) and Hold Fast (holdfastband.com). The show is written and hosted by Max and distributed by 99. Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic®."Support the show: https://www.buymeacoffee.com/unftrSee omnystudio.com/listener for privacy information.

Biden's 70% tax rate! www.watchdogonwallstreet.com

CPI The Consumer Price Index (CPI) came in a little bit hotter than expected as the headline number for February showed an annual increase of 3.2% versus on expectation of 3.1% and the core CPI showed an annual increase of 3.8% versus an expectation of 3.7%. While it was not much progress, there was still a decline from last month's core CPI reading of 3.9%. This marked the lowest reading since May 2021 when core CPI was 3.8%. Food was a bright spot in the report as the annual increase was just 2.2%. Food at home came in at an annual increase of 1.0%, while food away from home increased 4.5%. With wage pressures continuing, I believe this discrepancy will continue. Energy was also an interesting sector as the annual reading showed a decline of 1.9%, but the monthly reading was up 2.3%. Energy has been a big positive for the headline number, but as we lap easier levels it will likely not be as big of a benefit. One of the areas that remains very hot is motor vehicle insurance as it was up 20.6% compared to last year. I believe this item will remain hot for the next several months, but as we lap higher prices it should subdue. Shelter also remained a large weight on the report as it increased 5.7% over the last year and accounted for about two-thirds of the annual increase in core CPI. I feel like I sound like a broken record, but I continue to believe that this is heavily distorting the numbers and is it declines over the remainder of the year it should be a benefit to both headline and core CPI. I don't believe this report does anything to change the expectation for three cuts in the back half of the year. PPI I was somewhat surprised to see the negative reaction to the February Producer Price Index (PPI). It seems as if people were fixated on the monthly jump of 0.6%, which doubled both the estimate and January's reading of 0.3%. Looking year-over-year though the numbers still look quite manageable. The headline number increased just 1.6% and core PPI, which excludes food and energy was up 2%. I don't think this report should have a major impact on the Fed's expected interest rate direction.   401k It's no secret that I'm a big advocate of saving in your 401k, but I was surprised to see that according to a recent survey 77% workers believe that the unavailability of pensions is making it harder to achieve the American dream and 83% say all workers should have a pension to be independent and self-reliant in retirement. I was also surprised to see some UAW members are still unsatisfied with the automaker's retirement plans as some are continuing to push for pensions. A Ford spokesperson recently shared the current retirement structure at their company, "The company contributes 10% of employee base wages, plus $1 per hour worked (capped at 2,080 hours a year), with zero employee contribution required.” I would take that over a defined benefit plan any day. 401ks give participants the power to grow their wealth more effectively, they are much better estate planning tools, and they are much more portable if changing employers. The key is you have to take accountability and actually participate in your 401k to reap the benefits.  Bitcoin Peaking Point I admit it myself that I have no idea where bitcoin will peak. But the truth is, no one does. I do know that demand is high right now because Wall Street continues to build their ETF's to collect their fees, which I have talked about before. But can we please get off some of the comparisons of Bitcoin to make one feel better, especially the one with gold and saying it is a digital gold. The value of all mined gold is around $15 trillion. A good portion of that is in gold jewelry. I know when I buy a gift for my wife like a gold bracelet or necklace, she's going to be pretty happy, but I can't even write the words how to compare if I gave her a gift somehow of a Bitcoin that she can open and do something with it. I think if I would try, I could be sleeping on the sofa that night. Also, let's stop saying this will be the replacement currency if the dollar falls. Just think of the calamity the country would go through with a fall of the dollar in the United States. Do you think you will still be able to plug into the Internet and access your Bitcoin? You may not even have electricity to plug-in your electronic devices like phones, computers and laptops? Let's really understand what Bitcoin is, it is a speculative game that is being played right now, and it really cannot be used for anything that is really of any value. There are smart economists like David Kelly from JPMorgan who have similar feelings. He recently told Barron's, “I worry about the silly decisions investors make. People get misled by all sorts of fads and fantasies as to how they should invest. I worry about the money that's been poured into things like Bitcoin, which is absolute nonsense. It is simply a focus of speculation. I worry that someday that'll all go poof and people will lose money.” I've said it before, but congratulations if you have made money on Bitcoin, if you want to continue to hold it you should really think through what it is. If you don't have a sound answer, you should sell it.  Tax Brackets vs Your Tax Rate Most people believe tax rates are going up, which may be true. With the level of government spending and debt, it is logical to conclude taxes will need to increase to keep up. Starting in 2026, the federal tax brackets are set to increase due to the sunset of the current tax rates implemented in 2018. We may also see further tax increases to address issues like the deficit or Social Security. However, there is a difference between the tax brackets and the tax rate you will experience as an individual. Just because tax rates increase, doesn't necessarily mean the rate you will be subject to will be higher or that your tax bill will be higher. Currently the federal tax rates are 10%, 12%, 22%, 24%, 32%, 35%, 37%, and they are expected to change to 10%, 15%, 25%, 28%, 33%, 35%, 39.6%, which is technically an increase. These are brackets which means the more income you have, the higher you get pushed into the brackets. What most people don't understand is that your individual level of income will also fluctuate up and down over time, not just the tax brackets. In retirement you have much more flexibility in choosing where your income comes from, so while you're working you might find yourself in the 4th tax bracket which is 24%, but in retirement with the right planning you may get to the 2nd tax bracket which could be 15% at that time. Even though tax rates increased, your tax rate could go down because you will be in a lower bracket due to your income level. I'm not saying taxes aren't a problem in retirement, because they absolutely can be, but the way to address them is to understand how your individual income will change over time so you can take advantage of the tax system all along the way.

Today, I'm talking to Dr. David Hulse, recently retired Professor Emeritus at the Von Allmen School of Accountancy and the Martin School of Public Policy at the University of Kentucky. He's a contributing author for federal taxation textbooks and has written about our tax system in several journals.  He recently published a white paper called Roth Vs. Traditional Account Contributions and Tax Rate Uncertainty in the Journal of Financial Planning. It's a fantastic and informative paper, and we wanted to bring David onto the podcast to break his complex argument down into something simpler and allow him to answer your questions. With that in mind, in this episode, we discuss the difference between different contribution and decumulation strategies with someone who's implementing them in his own life as we speak, the changing pace of life for new retirees, and how many people use a mix of retirement accounts and tools to avoid costly mistakes in this phase of life. In this podcast interview, you'll learn: Important facts that many advisors don't understand about Roth IRAs compared to traditional ones. How to understand the government's role as a “silent partner” in a traditional IRA. How to assess whether a traditional or Roth IRA is right for you based on whether or not overall (or your personal) tax rate is going to go up. Strategies you can use to address potential problems around required minimum distributions (RMDs) with traditional IRAs. Why David is using a mix of traditional and Roth IRAs across his retirement accounts. The reasons why there's no simple “set and forget” strategy when it comes to retirement account planning.  Our Market Outlook Webinar is live! Visit https://bit.ly/4bmHkUb to register. Show Notes: RetireWithPurpose.com/422 Rate & Review the Podcast: RetireWithPurpose.com/review

A new Tax Foundation study finds Illinois with the second highest corporate tax rate in the country. Some say that signals more struggles ahead for the Land of Lincoln. The nonpartisan Tax Foundation ranked states by their corporate income tax rates as of Jan. 1, 2024. Six states, Texas, Nevada, Washington, Wyoming, South Dakota and Ohio, do not levy a corporate income tax. Of the 44 that do, Illinois' 9.5% rate put the state at No. 2, up from No. 3 in last year's report. The top spot in 2024 goes to Minnesota at 9.8%. The state with the lowest rate outside of the states that do not have such taxes is North Carolina at 2.5%.  --- Support this podcast: https://podcasters.spotify.com/pod/show/illinois-in-focus/support

The I Love CVille Show headlines: Is Council About To Raise Real Estate Tax Rate? Real Estate Tax Rate vs Meals Tax vs Lodging Tax How Do The Tax Increases Impact CVille Area? Commercial Uses In Residential Neighborhoods UVA 2028 Class Largest Applicant Pool In History Ix Art Park Facing Serious Financial Problems Snap Fitness For Sale ($150K) Hollymead T.C. I Love CVille Viewer & Listener Power Polls Read Viewer & Listener Comments Live On-Air The I Love CVille Show airs live Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. Watch and listen to The I Love CVille Show on Facebook, Instagram, Twitter, LinkedIn, iTunes, Apple Podcast, YouTube, Spotify, Fountain, Amazon Music, Audible and iLoveCVille.com.

If you've been investing in the financial markets for a long time, you could have a portfolio that has grown significantly in value. Which could present a tax problem. Our next guest says there is a way to avoid some of these capital gains and it involves tax planning across generations. Mike Switzer interviews Stephen Maggard, a certified financial planner with Abacus Planning Group in Columbia, SC.

Today's episode is part 1 of David's appearance on Jesse Wright's podcast. Jesse asks David where one should start from when thinking about retirement. David points out that the types of accounts which one saves money for retirement really matter. According to David, there's essentially two ways to save money for retirement. The first is to get a tax deduction today. The second is to pay the tax today and invest your money so that, in the future, you'll be able to take that money out tax-free.  David goes over why he wrote The Power of Zero back in 2014. One key question David believes people should ask themselves is whether their tax rate is likely to be higher today or in 20 years. For Former Comptroller General David Walker, the 20% of the income Americans are paying between federal, state, and local taxes, could go up to 40% by 2030. David believes that the farther out your investment horizon and retirement date, the more critical it is for you to invest in tax-free accounts like Roth IRAs, Roth Conversions, etc. David recommends planning for 50% tax rates and explains that there are three basic types of account to save money for retirement. These three buckets are: the so-called taxable bucket, the tax-deferred bucket, and the tax-free bucket. David goes over the characteristics of each bucket.     Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com David Walker Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David Walker

Would a 0% tax rate help you live an even better retirement? In this week's Retirement Headline, we'll explore a WSJ article titled How You Can Grab a 0% Tax Rate. If that doesn't pique your interest, I don't know what will! Listen in to hear how you can learn to plan so that you can take advantage of a 0% tax rate on capital gains income. This episode originally aired in August 2023.

Since 2023 is coming to an end, we've dedicated this week's episode of Grow Money Business to discussing five year-end financial moves you should consider making. Join us as we talk about gifting both to charity and beneficiaries, cash distributions from businesses, Roth conversions, and harvesting tax losses and gains. [05.00] Charity – Grant starts off the conversation by discussing charitable gifts. [06.37] Donor-advised fund – Grant explains the details of a donor-advised fund. [12.00] Handling cash – Grant shares the importance of collaborating with your tax professional at the end of the year. [17.00] Roth conversions – Grant explains why it might be a good idea to convert your assets into a Roth IRA account. [26.04] The wash sale rule – Grant review the details of the wash sale rule. [29.18] Tax gains – Grant shares some important year-end information on tax gains.   Resources How To Use the 0% Tax Rate on Capital Gains thebalancemoney.com/how-to-use-the-zero-percent-tax-rate-on-capital-gains-2388995   Donor-advised Funds irs.gov/charities-non-profits/charitable-organizations/donor-advised-funds   fidelity.com/learning-center/wealth-management-insights/gift-and-estate-tax-changes