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Tag: Taxes

Is Credit Union Tax Exemption an Unfair Advantage?

Watch this video on YouTube South Dakota has no individual or corporate income taxes. I’m quick to point this out to those unfortunate enough not to live in our fair state. Most recently I was reminded of this advantage when I calculated that a California client...

Once Earned, Twice Taxed: Capital Gains are Taxed Twice

Watch this video on YouTube The recent discussion of the “Buffett Rule” proposal to increase taxes on the wealthy has focused attention on U. S. tax rates. It’s giving Americans a chance to better understand our tax policy and the economics of the...

How To Use Your Tax Refund

If you’re one of the early birds who already have their tax returns filed, chances are you’re expecting a refund. Routinely receiving a large refund isn’t a great idea, since you’re just getting back the interest-free loan you made to the...

Meeting a Capitalist in Communist China

Watch this video on YouTube Jannie Wu wanted a better life. I met Jannie on a recent trip to China. After earning an undergraduate degree in English, she took a teaching job paying 1000 Renminbi, or RMB, ($150) per month. In China, obtaining a student loan is not an...

Tax-Free Income? Myths and Partial Truths

If I had high blood pressure, I would have to give up listening to Sunday morning news shows. I’ve never figured out how politicians can so convincingly weave false information and partial truths into spin that they deliver with a straight face. One of the more...