Taxes

The Simple Dollar Talks Politics (Sort Of)

Although I usually avoid politics like the plague, I felt this was an important issue to address. Yesterday, one of my fellow personal finance bloggers wrote a piece entitled What Is The War In Iraq Costing You? In it, the author makes the following statement: According to this report of the National Priorities Project, the …

Categories: Taxes

Don’t Fear The Higher Tax Bracket (Or Why A Reader Needs More Cowbell)

One of my readers, Annie, writes: I am up for a promotion at work, but a coworker says that I shouldn’t try to get the job because it will put me in a higher tax bracket. Is this something I should worry about? Would I actually make less money after getting a raise? Don’t sweat …

Categories: Careers, Taxes

Ten Great Things To Do With That Tax Return – And Five Things Not To Do With It

Tax season is finally over, and millions of Americans will receive checks in the mail in the coming weeks from the IRS. Although I do some consulting and other independent work (which means that I don’t typically receive a tax return at all), my parents often received a very nice return (having a low income …

Categories: Investing, Taxes

Why Henry Blodget Tries To Make Saving A Sucker’s Game – And Why You Shouldn’t Believe Him

Hopefully that title got your attention. In fact, it’s a variation on the subtitle of an article posted to Slate.com yesterday, Spend Every Dime!, which says that you’ll actually lose money by saving and investing it, so why not spend now? Normally I would ignore such tripe, but this article has been making the rounds …

A Reader Asks About Tax Withholdings And Savings

Recently, a reader of The Simple Dollar contacted me with an interesting question about tax withholdings: With the tax year over, we get to see what we owe the IRS and the State in taxes. Normally we have our employers withhold amounts and send them to those entities, where they sit doing nothing. Alternatively we …

Categories: Advice, Taxes