Where Millennials Spend Money

Where Millennials Spend Money

Right now, most millennials are entering that period of uncertainty where they must stand on their own two feet. Mom and dad aren’t their sole providers anymore (for the most part). They’re settling into their careers and assuming adult responsibilities they used to...
Independent Contractor Taxes: Keep YOUR Money

Independent Contractor Taxes: Keep YOUR Money

By Christopher F. Davis, PhD Tax season; when accountants across the country are called upon to assist millions of Americans with their taxes. In the last few years, a nice investment could have been made in companies that have created software to assist in this...
Budget Deficit Could Stop President Trump Tax Plan

Budget Deficit Could Stop President Trump Tax Plan

The U.S. budget deficit could obstruct the President Trump tax plan. Remember, the President Trump tax plan is one that calls for major tax cuts plan. The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald...
Middle Class F*%#ed Again

Middle Class F*%#ed Again

The middle class is about to get screwed again. Democrat or Republican, it doesn’t matter anymore. The people get shafted. We learned that U.S. Treasury Secretary Steven Mnuchin Today just said one of the top goals of the Trump administration’s tax plan is to...
What is the Alternative Minimum Tax?

What is the Alternative Minimum Tax?

What is the Alternative Minimum Tax? Well, the alternative minimum tax, commonly referred to as the AMT, has its own set of rates (26% and 28%) and requires a separate computation that could substantially boost your tax bill. Basically, it’s the difference...