With the 2022 income-tax filing season mostly in the books, attention turns to the future. Next year’s filing season, and those beyond, could look and feel much different.
Tax season can be stressful for the millions of Americans who owe money to Uncle Sam. Every year, the average U.S. household pays nearly $11,000 in federal income taxes. And while we’re all faced with that same obligation, there is significant difference when it comes to state and local taxes. Taxpayers in the most tax-expensive states, for instance, pay two times more than those in the cheapest states.
Newsfeed: States with the Highest & Lowest Tax Rates Read More »
Young professionals are generally staying close to home, according to new research. The Census Bureau and Harvard University recently found that 80% of young adults live less than 100 miles from where they grew up. Meanwhile, just 10% had moved more than 500 miles away. This means that while big cities like New York and Los Angeles have been millennial hotspots for years, the tides may be changing.
Newsfeed: States Losing (And Gaining) The Most Rich Young Professionals – 2022 Edition Read More »
What a difference a week makes! Last time we commented on the big news about the world’s most famous real estate guy potentially using the tax laws to reduce his federal income taxes to virtually zero. Since then, as you probably know, the news has been dominated by President Trump’s illness, hospitalization, treatment, and return to the White House.
In search of stability in an unstable world … Read More »
Taxes, politics, and real estate investing might not be as salacious as sex, lies and videotape … but it’s arguably just as intriguing. By now we’re sure you’ve heard all the “outrage” about allegations the United States’ Real Estate Investor-in-Chief paid nearly no federal income tax. This shocks no one who understands real estate or the tax code, but
Taxes, politics, and real estate investing … Read More »
Most people think of tax season as January 1 to April 15. After all, that’s when most people close the books on the previous year, issue and collect tax documents, prep returns, and settle up with the taxing authorities. But for a host of real estate investors and entrepreneurs, the REAL tax season is right
Taxing times for states spells opportunity for real estate investors … Read More »
You may have heard … Illinois is a mess … at least financially. Of course, there’s opportunities in there for real estate investors paying attention. So let’s take a look and see what we can learn … Rauner: Tax burden driving Illinois businesses, people to flee state– Lake County Gazette, 6/7/17 (Bruce Rauner is governor of
America’s MOST messed up state … Read More »