Simple Practices that Lead to Wealth
A Panamanian legal firm, Mossack Fonseca, was recently hacked and Sunday over 11 million of their confidential documents were posted on the Internet. This is significant because MF is the fourth largest global asset protection (tax shelter) law firm. These documents list many of the world’s most wealthy and powerful. Why this is Such a Big Deal …
Although America has some of the highest corporate income tax rates in the world, the amount some large corporations actually pay is embarrassingly small.
This week has brought a big political backlash against President Obama for saying, “If you’ve got a business, you didn’t build that.” The President should have chosen his words more wisely and small business owners have every right to be upset about this comment.
This is a Public Service Announcement for most Americans who don’t realize taxes are their largest expense. That’s because the government has become an expert in collecting and disguising taxes.
This year, I paid to have my taxes done. I had been preparing my own taxes since my Mom shut down her tax service many years ago. I finally got fed up with doing my own taxes and went into H&R Block.