Category Archives for "Taxes"

TurboTax is fast…

Turbo Tax (and of course MANY other applications) do this regularly, to make it seem like the app is actually “working,” rather than do what it does far better than humans – math!

Turns out, lots of apps like Turbo Tax have fake “thinking” animations or progress bars. Because people don’t trust technology.

Source: TurboTax is fast…

How to Fix the Tax Code

How to fix the tax code: Remove corporate, payroll, income, and investment (dividends and capital gains). Replace with a national sales tax.

PLUS

National lottery

Sales tax has to be calculated carefully to replace the lost tax revenue attributable now to the current taxes. Additionally, the sales tax should be made to be "progressive" – necessities are taxed at 0 or the lowest rates, luxuries at the highest rates. This is an easy exercise.

National lottery is "extra." It pays for the additional obligations we're faced with from social security and Medicare due to the aging population.

And it's mostly financed by old people who spend their social security now on state lotteries and bingo anyway 🙂

New Money Hacks Store

I just added a new store to the Money Hacks site. I know, I'm a little late to the party, but that's my MO! 🙂

It's hosted by Amazon and it's filled with hundreds of personal finance books from authors like Jim Cramer, Andrew Tobias, George Soros, Peter Lynch, and Jim Rogers.

Check it out. There's still time to order before Christmas (I can say that, right)!

Kids and Money — November 27, 2009

Will I ever catch up? Will you ever read all this? 🙂

The Investor presents Young people are already rich posted at Monevator.com, saying, "If you have teenagers or kids at college who waste their money on frivolous purchases, this link is a must read – and a must forward!"

Finance Tips 101 presents Saving Cash With Coupons ? Three Tips To Keep More of Your Money posted at Finance Tips 101.

Daniel Drew presents Unsecured Small Business Loan posted at My Business is doing well should I choose an SBA Loan?, saying, ""Lines of credit are generally paid off by opting for a permanent source of financing. In case of commercial property line of credit, the sale of the old property may help repay the line of credit""

Jack Schmidt presents The High Cost of Deep Fried Coke posted at SectorMatic Money Journal, saying, "SectorMatic.com – Personal Finance | Everything for the Big Spender on a Budget. Now you can live like a fat cat, even if you're on a money diet. Laugh all the way to the bank with Jack Schmidt and SectorMatic. It's for you!"

KCLau presents The only financial company who knows the power of social media posted at KCLau's Money Tips, saying, "there are always many methods to get free traffic and leads to your website. Beside search traffic, another major source of traffic is social media. There is one company who knows how to make use of social media – ROCKWILLS"

Tom DeRosa presents Math in the Real World: Erasing Debt Activity posted at I Want to Teach Forever, saying, "How to turn those debt consolidation and credit loan applications into a simple life (and math) lesson for your kids"

Kevin Fleming presents Easy Ways To Save Money on Satellite TV and Cable. posted at Satellite TV Guru.

Tom Peper presents Financing a Small Business | freebusinessmembership.com posted at How To Start Your Own Business, saying, "Free Business Membership offers information on how to start a business, home based business, franchise, SBA loans, promoting a business, LLC"

Kids and Money — November 26, 2009

More of my catching up…

Chris McClelland presents How social networking sites can also help you save some money posted at Lucrative Investing.

jim presents Best CD (Certificate of Deposit) Rates posted at Blueprint for Financial Prosperity.

Ben Dinsmore presents Reduce Your Hot Water Bill with this One Simple Tip! posted at Trees Full of Money, saying, "While washing oatmeal off my 10 month old's face this morning, I came across an effective way to save on hundreds of gallons of hot water each year!"

Billeater presents Ten Ways to Save Money During Pregnancy posted at Billeater.

Stingy Student presents Best Amazon.com Discount Sale – 90% off for Back To School Shopping posted at Stingy Students, saying, "Get up to 90% off at Amazon.com for back to school shopping!"

Silicon Valley Blogger presents How To Improve Your Credit Score: A 6 Step Plan posted at The Digerati Life, saying, "Teach kids about maintaining a good credit score!"

The Smarter Wallet presents How To Consolidate Debt: Ways To Reduce Your Debt Load posted at The Smarter Wallet, saying, "Teach your kids about how to manage debt."

Ray @ Financial Highway presents Canadian Discount Brokerage Review and Comparison for TFSA and RRSP posted at Financial Highway, saying, "Discount Brokers"

Banker Saver presents Sneaky Bank Fees: How To Avoid Those Extra Charges posted at Banker Saver, saying, "Let's teach our kids how to avoid sneaky bank fees that eke away at our savings."

Investing Toolkit presents Dollar Cost Averaging Basics posted at Investing Toolkit, saying, "We explain dollar cost averaging, an important investment principle that everyone should know."

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