Before the Fair Tax advocates attack me as being uninformed, first let me tell you I am actually for the Fair Tax, or at least some form of consumption tax instead of the current income tax system.  Unfortunately, the Fair Tax proposal in its current incarnation has a few serious flaws, some of them unintentionally [...]

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Ah, the age-old question:  do the rich pay their fair share in taxes?  Many liberals argue that they don’t, saying the rich owe their success to the efforts of the poor and middle class and should bear a higher percentage of the tax burden in gratitude.  On the opposite side of the spectrum, most conservatives [...]

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The science of asset allocation gets a lot of attention in the personal finance realm but it only tells part of the story.  In an ideal world, there would be no taxes or transaction costs, so asset allocation would be the only game in town.  You’d simply divide your portfolio between the various asset classes and [...]

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So I finally finished up my taxes this weekend.  My personal return was no big deal, as always.  TurboTax does a pretty good job of importing my brokerage and W2 data directly over the internet and it’s a snap to enter things like mortgage and state income tax deductions and partnership income.  It doesn ‘t [...]

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Here is the schedule for Bush’s 2008 economic stimulus tax rebate.  To be eligible for the full rebate, single filers must have a 2007 Adjusted Gross Income below $75,000 and joint filers must have an AGI below $175,000.
Direct Deposit Payment

If the last 2 digits of your SS# are:
Your rebate will be sent by:

00-20
May 2

21-75
May 9

76-99
May 16

Paper [...]

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Just a reminder: if your Adjusted Gross Income was $54,000 or less in 2007, you are eligible to file your federal income taxes online for free using the IRS’s freefile system. This especially makes sense if you take the standard deduction and only have income from one or two jobs and therefore don’t [...]

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