Money is complicated, but this doesn’t absolve you from responsibility when wrongfully managing it. The word goes you can’t be arrested if you don’t pay your taxes or if you forget to pay legal obligations, like child support, or even your debt. But is this true? Apparently, not. Debt collectors might not be able to arrest you on their own, but the legal system has all … [Read more...] about “Forgetting” to Pay Your Taxes and Legal Obligations? Here’s What Might Happen
On top of the existing gender wage gap in the United States, there's another gender-based factor that could be impacting your income: the so-called "pink tax." But what is the pink tax, and how much is it costing you? What Is The Pink Tax? Several consumer studies across various industries have discovered that products specifically marketed towards women tend to cost more … [Read more...] about What Is The Pink Tax, And Are You Paying It?
With less than a month left until we reach the tax-filing deadline, many people are finding themselves scrambling to complete those pesky forms and get the refund they've already spent in their heads. If you're one of these tax procrastinators, take a deep breath. If you're a millennial, take an even deeper one. No one should try to get through tax season on their own. It … [Read more...] about 3 Tips For Millennials To Get Through Tax Season
Super rich investor Warren Buffet said he pays a lower rate of tax than his secretary; a comment that for some proves the point that, along with enjoying huge wealth, the very rich pay much less tax than ‘mere mortals’. Is this really true? While certain lurid stories surface from time to time about wealthy people stashing money in offshore funds and foreign bank accounts to … [Read more...] about Tax Secrets: How Much Do the Rich and Famous Really Pay?