taxes

Inflation means the IRS may soon change your tax bracket.  Here's what you need to know.

Inflation means the IRS may soon change your tax bracket. Here’s what you need to know.

Each year, the IRS adjusts many provisions to account for the impact of inflation, ranging from individual tax brackets to how much you can save in your Individual Retirement Account, or IRA. With inflation near a 40-year high, experts say major changes are likely to be in store for taxpayers. The IRS is making the …

Inflation means the IRS may soon change your tax bracket. Here’s what you need to know. Read More »

Patagonia Founder's Big Donation Potentially Saves Him Over $1 Billion in Taxes - and Shows How the Rich Aren't Under the Same Rules as the Rest of Us

Patagonia Founder’s Big Donation Potentially Saves Him Over $1 Billion in Taxes – and Shows How the Rich Aren’t Under the Same Rules as the Rest of Us

Yvon Chouinard said on Wednesday he was donating Patagonia’s wealth to fight climate change. Donations could save the Patagonia founder’s family more than $1 billion in taxes, experts have calculated. It shows how wealthy people don’t pay taxes the same as everyone else, these experts say. Loading Something is loading. It was the business proclamation …

Patagonia Founder’s Big Donation Potentially Saves Him Over $1 Billion in Taxes – and Shows How the Rich Aren’t Under the Same Rules as the Rest of Us Read More »

On average in 2021, US consumer units spent $15,495 on food, clothing and health care combined, less than the $16,729 spent on taxes

Americans spend MORE money on taxes than on food, clothing and health care combined

Americans spent more money on things like food, clothing and health care in 2021, while the average tax bill fell $400 from a year earlier, the cost of living having soared under Biden. The latest Bureau of Labor Statistics report found that in 2021, Americans spent about $16,700 on IRS taxes while shelling out about …

Americans spend MORE money on taxes than on food, clothing and health care combined Read More »

On average in 2021, US consumer units spent $15,495 on food, clothing and health care combined, less than the $16,729 spent on taxes

Americans spend MORE money on taxes than on food, clothing and health care combined

Americans spent more money on things like food, clothing and health care in 2021, while the average tax bill fell $400 from a year earlier, the cost of living having soared under Biden. The latest Bureau of Labor Statistics report found that in 2021, Americans spent about $16,700 on IRS taxes while shelling out about …

Americans spend MORE money on taxes than on food, clothing and health care combined Read More »