For the first time ever I/we finally owed the IRS money come tax time. I use to think getting a big return was awesome since it was like free money, but then I was reminded it was my money all along. I just loaned it to the government for free all year. Suddenly, a couple [...]
taxes
First off, thanks for helping me host an awesome conversation yesterday about charitable gifts and taxes. Y’all were polite and cool-headed, even if you didn’t necessarily agree with the person that commented above or below you. Well played everyone, well played indeed. Anywhoozle, yesterday a reader suggested that anyone who lists charitable gifts on their [...]
So information about Mit Romney’s tax return came out a couple of days ago and not surprisingly, the dude is freakin’ loaded. He made over $20,000,000 a year in 2010 and 2011. Most news stories I read seemed to only care about one thing, his effective tax rate of 15%. Although I don’t like to [...]
Got this email from a PDITF reader a few days back… Do you recommend getting an accountant for pretty much everyone making a decent wage? Currently my wife makes $50,000 a year and I make $70,000. We live in the Washington, DC area. We do no active trading, only W2 pay from our employers, a [...]
PDITF is a single author blog. Ninety-five percent of the articles are written by me, the other 5% are guest posts. Today, I thought I’d mix it up even more and allow a few unsuspecting people to hijack today’s post. My article about student loans being forgiven has quickly become one of my most popular. [...]
